Company: BPAC
Filing Date: 2025-06-26
Form Type: S-1
Source: 0001185185-25-000701
Chunk: 116

Company: Blueport Acquisition Ltd
Filing Date: 2025-06-26
Form: S-1
Chunk 116
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ment option is exercised in full) and assuming the issuance of 1,150,000 ordinary shares upon the conversion of the rights included in the units (or 1,322,500 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 February 28, 2025, would have been $206,928 or $(0.06) per share (or $315,302 or $(0.09) per share if the underwriters’ over-allotment option is exercised in full), representing an immediate decrease in net tangible book value of $0.02 per share (or $0.05 per share if the underwriters’ over-allotment option is exercised in full) to the initial shareholders and an immediate dilution of 100.7% or $8.63 per share or (or 101.1% or $8.66 per share if the underwriters’ over-allotment option is exercised in full) to new investors not exercising their conversion/tender rights. For purposes of presentation, our pro forma net tangible book value after this offering is $69,000,000, less than it otherwise would have been because if we effect a business combination, the ability of public shareholders to exercise conversion rights or sell their shares to us in any tender offer may result in the conversion or tender of up to 6,900,000 shares sold in this offering.

|                                                   |     | Without        
 Over-allotment |       |   |     | With           
 Over-allotment |       |   |
|:--------------------------------------------------|:----|:---------------|------:|:--|:----|:---------------|------:|:--|
| Public                                            
 offering price                                    |     | $              |  8.57 |   |     | $              |  8.57 |   |
| Net                                               
 tangible book value before this offering          |     | $              | (0.04 | ) |     | $              | (0.04 | ) |
| Decrease                                          
 attributable to initial shareholders              |     | $              | (0.02 | ) |     | $              | (0.05 | ) |
| Pro                                               
 forma net tangible book value after this offering |     | $              | (0.06 | ) |     | $              | (0.09