Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 199

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 199
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 with or immediately following the consummation of our initial
business combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment as described herein and in our
amended and restated memorandum and articles of association, and (v) prior to the closing of our initial business combination, only holders
of our Class B ordinary shares will be entitled to vote on the appointment and removal of directors or continuing the company in a jurisdiction
outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional
documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands).

The initial shares will automatically
convert into Class A ordinary shares concurrently with or immediately following the consummation of our initial business combination or
earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary shares,
or any other equity-linked securities, are issued or deemed issued in excess of the amounts sold in this offering and related to or in
connection with the closing of the initial business combination, the ratio at which Class B ordinary shares convert into Class A ordinary
shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary shares agree to waive such adjustment with
respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class B
ordinary shares will equal, in the aggregate, 25% of the sum of (i) the total number of all Class A ordinary shares outstanding upon the
completion of this offering (including any Class A ordinary shares issued pursuant to the underwriters’ over-allotment option and
excluding the Class A ordinary shares underlying the private placement units issued to the sponsor), plus (ii) all Class A ordinary shares
and equity-linked securities issued or deemed issued, in connection with the closing of the initial business combination (excluding any
shares or equity-linked securities issued, or to be issued, to any seller in the initial business combination minus (iii) any redemptions
of Class A ordinary shares by public shareholders in connection with an initial business combination; provided that such conversion of
initial shares will never occur on a less than one-for-one basis.

With certain limited exceptions,
the initial shares are not