Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 265

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 265
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 expenses during the reporting
period.

Making estimates requires management to exercise
significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances
that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near
term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

<div align='center'>F-9

BLUEPORT ACQUISITION LTD

NOTES TO FINANCIAL STATEMENTS</div>

Note 2 — Summary of Significant Accounting Policies (cont.)

Cash and Cash Equivalents

The Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash or cash equivalents
as of June 30, 2025.

Deferred Offering Costs

Deferred offering costs consist of legal and
other professional expenses incurred through the balance sheet date that are directly related to the Proposed Public Offering. The
Company complies with the requirements of ASC 340-10-S99-1, SEC Staff Accounting bulletin Topic 5A — “Expenses of
Offering”, and SEC Staff Accounting bulletin Topic 5T — “Accounting for Expenses or Liabilities Paid by Principal
Stockholder(s)”. Offering costs directly attributable to the issuance of an equity contract to be classified in equity will be
recorded as a reduction of equity. Offering costs for equity contracts that are classified as assets and liabilities will be
expensed immediately. Should the Proposed Public Offering prove to be unsuccessful, these deferred costs, as well as additional
expenses to be incurred, will be charged to operations. As of June 30, 2025, the Company had deferred
offering costs of $159,552.

Net Loss Per Ordinary Share

Net loss per ordinary share is computed by dividing
net loss by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture.
Weighted average shares were reduced for the effect of an aggregate of 187,500 ordinary shares that are subject to forfeiture if the
over-allotment option is not exercised in full by the underwriters (see Note 5). As of June 30, 2025, the Company did not have any dilutive
securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings
of the Company. As a result, diluted loss per ordinary