Company: BPAC
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001185185-25-000502
Chunk: 119

Company: Blueport Acquisition Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 119
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 and in connection with certain amendments to our amended and restated memorandum and articles of association. In accordance with SEC guidance 
 on redeemable equity instruments, which has been codified in ASC 480-10-S99, redemption provisions not solely within the control of a         
 company require ordinary shares subject to redemption to be classified outside of permanent equity. Accordingly, all of the outstanding       
 Class A ordinary shares are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance               
 sheet. Accretion associated with the redeemable Class A ordinary shares will be excluded from earnings per share as the redemption value      
 approximates fair value. Subsequent changes to the redemption value of $69,000,000 will be accreted over 15 months from the closing of        
 this offering to our anticipated time frame to consummate an initial business combination using the effective interest method. 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.                              |

| (5) | Actual                                                                                   
 share amount is prior to any forfeiture of initial shares by our sponsor and as adjusted 
 amount assumes no exercise of the underwriters’ over-allotment option and forfeiture     
 of an aggregate of 258,750 initial shares.                                               |

<div align='center'>71

MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

We are a blank check company incorporated in the Cayman Islands as an exempted company with limited liability (meaning our public shareholders have no liability, as shareholders of the company, for the liabilities of the company over and above the amount paid for their shares) to serve as a vehicle to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more target businesses. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location. We intend to utilize cash derived from the proceeds of this offering, our securities, debt or a combination of cash, securities and debt, in effecting a business combination. The issuance of additional ordinary shares or preferred shares:

| ● | may                                                           
 significantly reduce the equity interest of our shareholders; |

| ● | may                                                                                           
 subordinate the rights of holders of ordinary shares if we issue preferred shares with rights 
 senior to those afforded to our ordinary shares;                                              |