Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 116

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 116
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 in which case we will effect a share capitalization immediately prior to the consummation of the offering in such amount as to maintain our initial shareholders’ ownership at 25.0% of our issued and outstanding ordinary shares upon the consummation of this offering (without giving effect to the sale of the private units and assuming our initial shareholders do not purchase units in this offering). Further, if we incur any indebtedness, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.

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DILUTION</div>

The difference between the public offering price per share of ordinary shares, assuming no value is attributed to the units included in the units we are offering pursuant to this prospectus or the private placement units, and the pro forma net tangible book value per share of our ordinary shares after this offering constitutes the dilution to investors in this offering. Net tangible book value per share is determined by dividing our net tangible book value, which is our total tangible assets less total liabilities (including the value of ordinary shares which may be redeemed for cash), by the number of issued and outstanding ordinary shares.

As of June 30, 2025, our
net tangible book deficit was $180,604, or approximately $(0.14) per share of ordinary shares. After giving effect to the sale of 5,000,000
ordinary shares included in the units we are offering by this prospectus (or 5,750,000 ordinary shares if the underwriters’ over-allotment
option is exercised in full) and assuming the issuance of 833,333 ordinary shares upon the conversion of the rights included in the units
(or 958,333 ordinary shares if the underwriters’ over-allotment option is exercised in full), the sale of the private units and
the deduction of underwriting commissions and estimated expenses of this offering, our pro forma net tangible book deficit at June 30,
2025, would have been $(589,299) or $(0.26) per share (or $(671,052) or $(0.26) per share if the underwriters’ over-allotment option
is exercised in full), representing an immediate decrease in net tangible book value of $0.12 per share (or $0.13 per share if the underwriters’
over-allotment option is exercised in full) to the initial shareholders and an immediate dilution of 102.6% or $10.26 per share