Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 196

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 196
---
 approval
in connection with our initial business combination, our sponsor, officers and directors have agreed to vote their initial shares and
any public shares purchased during or after this offering (including in open market and privately-negotiated transactions, aside from
shares they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of
approving our initial business combination. As a result, if we sought shareholder approval of a proposed transaction, which would require
a simple majority of votes (assuming the underwriters do not exercise their over-allotment option), we could need as little as 1,782,001
of our public shares (or approximately 35.64% of our public shares) to be voted in favor of the transaction in order to have such transaction
approved (assuming that all issued and outstanding shares are voted, that the over-allotment option is not exercised, and that the insiders
do not purchase any units in this offering or units or shares in the after-market). Assuming that only the holders of one-third of our
issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles of association vote
their shares at a general meeting of the company, we will not need any public shares in addition to our initial shares to be voted in
favor of an initial business combination in order to approve an initial business combination. Additionally, each public shareholder may
elect to redeem their public shares irrespective of whether they vote for or vote against the proposed transaction, or whether they do
not vote or abstain from voting on the proposed transaction, or whether they were a public shareholder on the record date for the general
meeting held to approve the proposed transaction.

Pursuant to our amended and restated
memorandum and articles of association, if we have not completed our initial business combination within the completion window, we 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 (and subject to lawfully available funds therefor), 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 (which
interest shall be net of taxes and less up to $100,000 of interest to pay dissolution expenses), divided by the number of then-outstanding
public shares, which redemption will