Company: BPAC
Filing Date: 2025-06-26
Form Type: S-1
Source: 0001185185-25-000701
Chunk: 181

Company: Blueport Acquisition Ltd
Filing Date: 2025-06-26
Form: S-1
Chunk 181
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 either case who had access, at our expense, to our attorneys or independent legal counsel. We will not enter into any such transaction unless our audit committee and a majority of our disinterested independent directors determine that the terms of such transaction are no less favorable to us than those that would be available to us with respect to such a transaction from unaffiliated third parties. Additionally, we require each of our directors and executive officers to complete a directors’ and officers’ questionnaire that elicits information about related party transactions.

These procedures are intended to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the part of a director, employee or officer.

To further minimize potential
conflicts of interest, we have agreed not to consummate a business combination with an entity which is affiliated with any of our initial
shareholders unless we obtain an opinion from an independent investment banking firm that the business combination is fair to our unaffiliated
shareholders from a financial point of view. In addition, we may pay our existing officers, directors, special advisors or initial
shareholders, or any entity with which they are affiliated, a finder’s fee, consulting fee or other compensation prior to, or for
any services they render in order to effectuate, the consummation of a business combination (regardless of the type of transaction).

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DESCRIPTION OF SECURITIES</div>

General

We are a Cayman Islands exempted company (company number OC-417529) and our affairs will be governed by our post-offering amended and restated memorandum and articles of association that will become effective immediately prior to the completion of this offering, the Companies Act and common law of the Cayman Islands. Pursuant to our post-offering amended and restated memorandum and articles of association, our share capital will be $69,000 divided into 450,000,000 Class A Ordinary Shares of par value $0.0001 each and 50,000,000 Class B Ordinary Shares of par value $0.0001 each. The following description summarizes the material terms of our shares as set out more particularly in our post-offering amended and restated memorandum and articles of association. Because it is only a summary, it may not contain all the information that is important to you.

Units

Each unit consists of one ordinary share and one right to receive one-sixth (1/6th) of one ordinary share upon the consummation of an initial business combination. Each