Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 271

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 271
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 to registration
rights. If the Company submits its initial Business Combination to its public shareholders for a vote, the Sponsor, officers and directors
have agreed (and their permitted transferees will agree), pursuant to the terms of a letter agreement to be entered into with the Company,
to vote any Founder Shares and private placement shares held by them and any public shares purchased during or after the Proposed Public
Offering in favor of the Company’s initial Business Combination.

With certain limited exceptions, the Founder Shares
are not transferable, assignable or salable (except to certain permitted transferees)) until the earlier of 180 days after the date
of the consummation of the Company’s initial Business Combination or the date on which the closing price of the Company’s
ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 90 days after the Company’s
initial Business Combination.

Promissory Note — Related Party

On February 28, 2025, the Sponsor agreed to loan
the Company up to an aggregate amount of $300,000 to be used, in part, for transaction costs incurred in connection with the Proposed
Public Offering (the “Promissory Note”). The Promissory Note is unsecured, interest-free; the principal may be drawn down
from time to time upon a written request from the Company to the Sponsor. The Promissory Note is due on the earlier of: (i) the date
on which the Company consummates an initial public offering of its securities, or (ii) the date on which the Company determines to not
proceed with such initial public offering. As of June 30, 2025, $173,604 was outstanding under the Promissory Note.

Working Capital Loans

In addition, in order to finance transaction
costs in connection with an intended Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s
officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”).
If the Company completes the initial Business Combination, the Company may repay the Working Capital Loans. In the event that the initial
Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay the
Working Capital Loans but no proceeds