Company: BPAC
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001185185-25-000273
Chunk: 35

Company: Blueport Acquisition Ltd
Filing Date: 2025-04-09
Form: DRS
Chunk 35
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 business activities, including selecting a business combination target and        
 monitoring the related due diligence. See “Risk Factors — Our officers and directors will allocate their time to                          
 other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This          
 conflict of interest could have a negative impact on our ability to complete our initial business combination.”                           |
| Additionally, our sponsor and executive                                                                                                   
 officers and directors have agreed to (i) waive their redemption rights with respect to their initial shares, private shares and          
 public shares in connection with the completion of our initial business combination; (ii) waive their redemption rights with respect      
 to their initial shares, private shares and public shares in connection with a shareholder vote to approve an amendment to our amended    
 and restated memorandum and articles of association (a) to modify the substance or timing of our obligation to allow redemption in        
 connection with our initial business combination or to redeem 100% of our public shares if we have not consummated an initial business    
 combination within the completion window or (b) with respect to any other material provisions relating to shareholders’ rights            
 or pre-initial business combination activity; (iii) waive their rights to liquidating distributions from the trust account with respect   
 to their initial shares and private shares if we fail to complete our initial business combination within the completion window,          
 although they will be entitled to liquidating distributions from the trust account with respect to any public shares they hold if         
 we fail to complete our initial business combination within the prescribed time frame; and (iv) vote any initial shares and private       
 shares held by them and any public shares purchased during or after this offering (including in open market and privately-negotiated      
 transactions) in favor of our initial business combination.                                                                               |
| With certain limited exceptions, the initial                                                                                              
 shares purchased by our sponsor for an aggregate of $25,000, will not be transferable, assignable or salable by our sponsor or its        
 permitted transferees until 180 days after the completion of our initial business combination. With certain limited exceptions, the       
 private placement units and the Class A ordinary shares underlying such units, will not be transferable, assignable or salable by         
 our sponsor or its permitted transferees until 30 days after the completion of our initial business combination. Since our sponsor        
 and executive officers and directors may directly or indirectly own ordinary shares following this offering, our executive officers       
 and directors may have a conflict of interest in determining whether a particular target business is an