Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 223

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 223
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 Accordingly, each prospective investor is urged
to consult its tax advisors regarding the tax consequences of an investment in a unit (including alternative characterizations of a unit).
The balance of this discussion assumes that the characterization of the units (and the components thereof) and any allocation of purchase
price of a unit as described above is respected for United States federal income tax purposes.

U.S. Holders

Taxation of Distributions

Subject to the PFIC rules discussed
below, a U.S. Holder generally will be required to include in gross income, in accordance with such U.S. Holder’s method
of accounting for United States federal income tax purposes, as dividends the amount of any distribution of cash or other property
paid on our Class A ordinary shares to the extent the distribution is paid out of our current or accumulated earnings and profits
(as determined under United States federal income tax principles). Subject to the PFIC rules discussed below, distributions in excess
of such earnings and profits generally will be applied against and reduce the U.S. Holder’s basis in its Class A ordinary
shares (but not below zero) and, to the extent in excess of such basis, will be treated as gain from the sale or exchange of such Class A
ordinary shares. In the event that we do not maintain calculations of our earnings and profits under United States federal income
tax principles, a U.S. Holder should expect that all distributions will be reported as dividends for United States federal income
tax purposes.

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Dividends paid by us out of our
current or accumulated earnings and profits as described above generally will be taxable to a corporate U.S. Holder at regular rates
and will not be eligible for the dividends-received deduction generally allowed to domestic corporations in respect of dividends received
from other domestic corporations. With respect to non-corporate U.S. Holders, under tax laws currently in effect and subject to certain
exceptions (including, but not limited to, dividends treated as investment income for purposes of investment interest deduction limitations),
dividends generally will be treated as “qualified dividend income” and taxed at the lower applicable long-term capital gains
rate (see “— Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition of Class A Ordinary Shares and Rights” below) only if our Class A ordinary shares are readily tradable on an established securities market in the United States,
the Company is not treated as a PFIC at the time the dividend was paid or in the preceding year and