Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 274

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 274
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 is not exercised in full or in part by the underwriters).

As of June 30, 2025, there were 1,437,500 Class
B ordinary shares issued and outstanding which were retroactively restated to reflect the forfeiture of 546,250 shares by the Sponsor,
among which, up to 187,500 shares subject to forfeiture to the extent that the underwriters’ over-allotment is not exercised in
full.

The Class B ordinary shares will automatically
convert into Class A ordinary shares concurrently with or immediately following the consummation of the 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 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 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 and any private placement-equivalent
units issued to our sponsor or any of its affiliates or to our officers or directors upon conversion of working capital loans) 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.

Shareholders of record are entitled to one vote
for each share held on all matters to be voted on by shareholders. Unless specified in the Company’s amended and restated