Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 185

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 185
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 the units and underlying securities
upon conversion of such notes, to the extent the holder wishes to so convert them at the time of the consummation of our initial business
combination. If we do not complete a business combination, the loans would be repaid out of funds not held in the trust account, and only
to the extent available.

Our sponsor and our executive
officers and directors are deemed to be our “promoters,” as that term is defined under the Federal securities laws.

<div align='center'>103

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</div>

On February 28, 2025, an aggregate
of 1,983,750 initial shares were issued to our initial shareholder, for an aggregate purchase price of $25,000. In August 2025, our sponsor
forfeited, for no consideration, 546,250 shares in a share recapitalization, resulting in our sponsor holding an aggregate of 1,437,500
founder shares (up to 187,500 of which are subject to forfeiture depending on the extent to which the underwriters’ over-allotment option
is exercised), so that our initial shareholder will collectively own approximately 20% of our issued and outstanding shares after this
offering, purchased for approximately $0.017 per share (without giving effect to the sale of the private units, and assuming our initial
shareholders do not purchase units in this offering).

If the underwriters do not exercise
all or a portion of their over-allotment option, our sponsor has agreed that up to an aggregate of 187,500 ordinary shares in proportion
to the portion of the over-allotment option that was not exercised are subject to forfeiture and would be immediately cancelled.

If the underwriters determine
the size of the offering should be increased (including pursuant to Rule 462(b) under the Securities Act) or decreased, a share capitalization
or a contribution back to capital, as applicable, would be effectuated in order to maintain our initial shareholder’s ownership
at a percentage of the number of shares to be sold in this offering.

Our sponsor has committed to purchasing
from us an aggregate of 186,000 private units at $10.00 per private unit (for a total purchase price of $1,860,000). These purchases will
take place on a private placement basis simultaneously with the consummation of this offering. Our sponsor has also agreed that if the
over-allotment