Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 201

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 201
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 refuse the application or order the rectification
of the register, and may direct the company to pay all costs of the application and any damages the applicant may have sustained.

Rights

Except in cases where we are not
the surviving company in a business combination, each holder of six rights will automatically receive one ordinary share upon consummation
of our initial business combination, even if the holder of a public right converted all ordinary shares held by him, her or it in connection
with the initial business combination or an amendment to our memorandum and articles of association with respect to our pre-business combination
activities. In the event we will not be the surviving company upon completion of our initial business combination, each holder of six
rights will be required to affirmatively convert his, her or its rights in order to receive the shares underlying the rights upon consummation
of the business combination. No additional consideration will be required to be paid by a holder of rights in order to receive his, her
or its additional ordinary shares upon consummation of an initial business combination. The shares issuable upon exchange of the rights
will be freely tradable (except to the extent held by affiliates of ours). If we enter into a definitive agreement for a business combination
in which we will not be the surviving entity, the definitive agreement will provide for the holders of rights to receive the same per
share consideration the holders of the ordinary shares will receive in the transaction on an as-converted into ordinary shares basis.

We will not issue fractional shares
in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed
in accordance with the applicable provisions of Cayman Islands Law. As a result, you must hold rights in multiples of six in order to
receive shares for all of your rights upon closing of a business combination. If we are unable to complete an initial business combination
within the required time period and we liquidate the funds held in the trust account, holders of rights will not receive any of such funds
with respect to their rights, nor will they receive any distribution from our assets held outside of the trust account with respect to
such rights, and the rights will expire worthless. Further, there are no contractual penalties for failure to deliver securities to the
holders of the rights upon consummation of an initial business combination. Additionally, in no event will we be required to net cash
settle the rights. Accordingly, the rights may expire worthless.

Dividends

We have not paid