Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 222

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 222
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 Purchase Price and Characterization of a Unit

No statutory, administrative
or judicial authority directly addresses the treatment of a unit or instruments similar to a unit for United States federal
income tax purposes, and therefore, that treatment is not entirely clear. The acquisition of a unit should be treated for
United States federal income tax purposes as the acquisition of one Class A ordinary share and one right to receive
one-sixth of one Class A ordinary share, subject to adjustment as described in this prospectus. We intend to treat the
acquisition of a unit in this manner and, by purchasing a unit, you must adopt such treatment for United States federal income
tax purposes. For United States federal income and other applicable tax purposes, each holder of a unit must allocate the
purchase price paid by such holder for such unit between the one Class A ordinary share and the one right to receive one-sixth
of one Class A ordinary share based on the relative fair market value of each at the time of issuance. Under United States
federal income tax law, each investor must make its own determination of such value based on all the facts and circumstances.
Therefore, we strongly urge each investor to consult its tax advisor regarding the determination of value for these purposes. The
price allocated to each Class A ordinary share and one right to receive one-sixth of one Class A ordinary share should be the
shareholder’s tax basis in such share or right. Any disposition of a unit should be treated for United States federal
income tax purposes as a disposition of the Class A ordinary share or one right to receive one-sixth of one Class A ordinary
share comprising the unit, and the amount realized on the disposition should be allocated between the Class A ordinary share or
one right to receive one-sixth of one Class A ordinary share based on their relative fair market values at the time of disposition
(as determined by each such holder based on all the facts and circumstances).

The foregoing treatment of the
units, Class A ordinary shares and rights and a holder’s purchase price allocation are not binding on the IRS or the courts.
Because there are no authorities that directly address instruments that are similar to the units, no assurance can be given that the IRS
or the courts will agree with the characterization described above or the discussion below. If the IRS or a court were to determine that,
contrary to the characterization described above, a unit is a single instrument for United States federal income tax purposes, the
tax consequences to an investor could be materially different than those described below.