Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 261

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 261
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 a public shareholder, together with any affiliate of such shareholder
or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with
respect to more than an aggregate of 15% or more of the Public Shares, without the prior consent of the Company.

The Company has determined not to consummate any
Business Combination unless the Company has net tangible assets of at least $5,000,001 upon such consummation in order to avoid being
subject to Rule 419 promulgated under the Securities Act. However, if the Company seeks to consummate an initial Business Combination
with a target business that imposes any type of working capital closing condition or requires us to have a minimum amount of funds available
from the Trust Account upon consummation of such initial Business Combination, its net tangible asset threshold may limit the Company’s
ability to consummate such initial Business Combination (as the Company may be required to have a lesser number of shares redeemed) and
may force the Company to seek third party financing which may not be available on terms acceptable to the Company or at all. As a result,
the Company may not be able to consummate such initial Business Combination and the Company may not be able to locate another suitable
target within the applicable time period, if at all.

The Company will have 15 months from the
effective date of its registration statement to complete its initial Business Combination. If the Company is unable to complete its initial
Business Combination within such period, unless the Company extends such period pursuant to its amended and restated memorandum and articles
of association (subject to shareholder approval, there are no limitations as to the duration of an extension or the number of times the
completion window may be extended by shareholders via an amendment to our amended and restated memorandum and articles of association),
the Company will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but
not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to
the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously
released to the Company to pay taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding