Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 193

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 193
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 to increase the number
of Class A ordinary shares which we are authorized to issue at the same time as our shareholders vote on the business combination to the
extent we seek shareholder approval in connection with our initial business combination. Our board of directors is divided into three
classes with only one class of directors being appointed in each year and each class (except for those directors appointed prior to our
first annual general meeting) serving a three-year term.

In accordance with Nasdaq corporate
governance requirements, we are not required to hold an annual general meeting until one year after our first fiscal year end following
our listing on Nasdaq. There is no requirement under the Companies Act for us to hold annual or general meetings or appoint directors
other than to ensure that the company has at least one director at all times. We may not hold an annual general meeting to appoint new
directors prior to the consummation of our initial business combination.

We will provide our public shareholders
with the opportunity to redeem all or a portion of their public shares, regardless of whether they abstain, vote for, or vote against,
our initial business combination, upon the completion of our initial business combination at a per-share price, payable in cash, equal
to the aggregate amount then on deposit in the trust account calculated as of two business days prior to the consummation of our initial
business combination, including interest earned on the funds held in the trust account (less taxes payable), divided by the number of
then outstanding public shares, subject to the limitations and on the conditions described herein. The amount in the trust account is
initially anticipated to be $10.00 per public share. The per share amount we will distribute to investors who properly redeem their shares
will not be reduced by the deferred underwriting commissions we will pay to the underwriters. Our sponsor, officers and directors will
enter into a letter agreement with us, pursuant to which they will agree to (i) waive their redemption rights with respect to their initial
shares, private shares and public shares in connection with the completion of our initial business combination; (ii) waive their redemption
rights with respect to their initial shares, private shares and public shares in connection with a shareholder vote to approve an amendment
to our amended and restated memorandum and articles of association (a) to modify the substance or timing of our obligation to allow redemption
in connection with our initial business combination or to redeem 100% of our public shares if we have not consummated an initial business