Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 74

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 74
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000 paid by the sponsor for 186,000 private units for the Class A ordinary shares. For purposes of this  
 table, the full investment amount is ascribed to the Class B ordinary shares only.                                                      |

| (3) | All                                                                                                                                  
 class B ordinary shares would automatically convert into Class A ordinary shares upon completion of our initial business combination 
 or earlier at the option of the holder.                                                                                              |

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Based on these assumptions, each Class A ordinary share would have an implied value of $7.61 per share upon completion of our initial business combination, representing an approximately 23.87% decrease from the initial implied value of $10.00 per public share. While the implied value of $7.61 per Class A ordinary share upon completion of our initial business combination would represent a dilution to our public shareholders, this would represent a significant increase in value for our sponsor relative to the price it paid for each class B ordinary share. At $7.61 per Class A ordinary share, the 1,436,000 Class A ordinary shares that the sponsor would own upon completion of our initial business combination (after automatic conversion of the 1,250,000 Class B ordinary shares) would have an aggregate implied value of $10,932,878. As a result, even if the trading price of our Class A ordinary share significantly declines, the value of the class B ordinary shares held by our sponsor will be significantly greater than the amount our sponsor paid to purchase such shares. In addition, our sponsor could potentially recoup its entire investment in our company even if the trading price of our Class A ordinary shares after the initial business combination is as low as $1.31 per share. As a result, our sponsor is likely to earn a substantial profit on its investment in us upon disposition of its Class A ordinary shares even if the trading price of our Class A ordinary shares declines after we complete our initial business combination. Our sponsor may therefore be economically incentivized to complete an initial business combination with a riskier, weaker-performing or less-established target business than would be the case if our sponsor had paid the same per share price for the Class B ordinary shares as our public shareholders paid for their public shares.

This dilution would increase to the extent that the anti-dilution provisions of the initial shares result in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion of the initial shares at the time of our initial business combination and would become exacerbated to the