Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 184

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 184
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 or after this offering (including in open market and privately-negotiated transactions,
aside from shares they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted
in favor of approving our initial business combination, (B) not to propose, or vote in favor of, an amendment to our post-offering amended
and restated memorandum and articles of association that would stop our public shareholders from converting or selling their shares to
us in connection with a business combination or affect the substance or timing of our obligation to redeem 100% of our public shares if
we do not complete a business combination within 15 months from the closing of this initial public offering (subject to shareholder approval,
there are no limitations as to the duration of an extension or the number of times the completion window may be extended by shareholders
via an amendment to our amended and restated memorandum and articles of association), unless we provide public shareholders with the opportunity
to redeem their public shares from the trust account in connection with any such vote, (C) not to convert any private shares for cash
from the trust account in connection with a shareholder vote to approve our proposed initial business combination or a vote to amend the
provisions of our post-offering amended and restated memorandum and articles of association relating to shareholders’ rights or
pre-business combination activity, and (D) that the private shares shall not participate in any liquidating distribution upon winding
up if a business combination is not consummated. The purchasers of the private units have also agreed not to transfer, assign or sell
any of the private units or underlying securities (except to the same permitted transferees as the initial shares) until 30 days after
the completion of our initial business combination.

In order to meet our working capital
needs following the consummation of this offering, our initial shareholders, officers and directors or their affiliates may, but are not
obligated to, loan us funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion. Each
loan would be evidenced by a promissory note. The notes would either be paid upon consummation of our initial business combination, without
interest, or, at the lender’s discretion, up to $1,500,000 of the loans may be converted upon consummation of our business combination
into private units at a price of $10.00 per unit. Our board of directors has approved the issuance of