Company: BPAC
Filing Date: 2025-06-26
Form Type: S-1
Source: 0001185185-25-000701
Chunk: 34

Company: Blueport Acquisition Ltd
Filing Date: 2025-06-26
Form: S-1
Chunk 34
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” of our securities.”                                                                   |
| Redemption rights |     | In connection with a business combination,                                                                                               
 public shareholders will have the right to convert their shares into an amount equal to (1) the number of public shares being converted  
 by such public holder divided by the total number of public shares multiplied by (2) the amount then in the trust account (initially     
 $10.00 per share or 100% of the gross proceeds from this offering), which includes the deferred underwriting discounts and commissions   
 plus a pro rata portion of any interest earned on the funds held in the trust account less any amounts necessary to pay our taxes.       
 At any meeting called to approve an initial business combination, public shareholders may elect to convert their shares regardless       
 of whether or not they vote to approve the business combination or abstain from voting.                                                  |
|                   |     | Whether we elect to effectuate our initial                                                                                               
 business combination via shareholder vote or tender offer, we may require public shareholders wishing to exercise redemption rights,     
 whether they are a record holder or hold their shares in “street name,” to either tender the certificates they are seeking               
 to convert to our transfer agent or to deliver the shares they are seeking to convert to the transfer agent electronically using         
 Depository Trust Company’s DWAC (Deposit/Withdrawal At Custodian) System, at the holder’s option, at any time at or prior                
 to the vote on the business combination. There is a nominal cost associated with this tendering process and the act of certificating     
 the shares or delivering them through the DWAC System. The transfer agent will typically charge the tendering broker $45 and it would    
 be up to the broker whether or not to pass this cost on to the converting holder. The foregoing is different from the procedures         
 used by traditional blank check companies. In order to perfect redemption rights in connection with their business combinations,         
 many traditional blank check companies would distribute proxy materials for the shareholders’ vote on an initial business combination,   
 and a holder could simply vote against a proposed business combination and check a box on the proxy card indicating such holder was      
 seeking to exercise its redemption rights. After the business combination was approved, the company would contact such shareholder       
 to arrange for it to deliver its certificate to verify ownership. As a result, the shareholder then had an “option window”               
 after the consummation of the business combination during which it could monitor the price of the company’s stock in the market.         
 If the price rose above the conversion