Company: BPAC
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001185185-25-000273
Chunk: 26

Company: Blueport Acquisition Ltd
Filing Date: 2025-04-09
Form: DRS
Chunk 26
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 to vote the ordinary shares underlying the private units, or “private        
 shares,” in favor of any proposed business combination, (B) not to propose, or vote in favor of, an amendment to our post-offering          
 amended and restated memorandum and articles of association that would stop our public shareholders from converting or selling their        
 shares to us in connection with a business combination or affect the substance or timing of our obligation to redeem 100% of our            
 public shares if we do not complete a business combination within 15 months from the closing of this initial public offering, unless        
 we provide public shareholders with the opportunity to redeem their public shares from the trust account in connection with any such        
 vote, (C) not to convert any private shares for cash from the trust account in connection with a shareholder vote to approve our            
 proposed initial business combination or a vote to amend the provisions of our post-offering amended and restated memorandum and            
 articles of association relating to shareholders’ rights or pre-business combination activity and (D) that the private shares               
 shall not participate in any liquidating distribution upon winding up if a business combination is not consummated. Our sponsor has         
 also agreed not to transfer, assign or sell any of the private units or underlying securities (except to the same permitted transferees     
 as the initial shares and provided the transferees agree to the same terms and restrictions as the permitted transferees of the initial     
 shares must agree to, each as described above) until 30 days after the completion of our initial business combination.                      |
| Offering proceeds to be held in trust |     | Nasdaq rules provide that at least 90% of                                                                                                   
 the gross proceeds from this offering and the sale of the private units be deposited in a trust account. Of the net proceeds of this        
 offering and the sale of the private units, $69,000,000 or $10.00 per unit ($79,350,000, if the underwriters’ over-allotment                
 option is exercised in full) will be placed into a U.S.-based trust account at [____], with [____] acting as trustee. These proceeds        
 include $1,380,000 (or $1,587,000 if the underwriters’ over-allotment option is exercised in full) in deferred underwriting                 
 commissions. The funds in the trust account will be invested pursuant to the investment management trust agreement entered into among       
 us and [___]. The remaining net proceeds of this offering and the sale of the