Company: BPAC
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001185185-25-000502
Chunk: 166

Company: Blueport Acquisition Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 166
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 their initial shares and any Class A ordinary           
 shares issuable upon conversion thereof until the earlier to occur of: (1) 180 days after             
 the completion of our initial business combination; or (2) the date following the consummation        
 of our initial business combination on which we complete a liquidation, merger, share exchange        
 or other similar transaction that results in all of our shareholders having the right to              
 exchange their shares for cash, securities or other property (the “Lock-Up”).                         
 Notwithstanding the foregoing, the initial shares will be released from the Lock-Up if (1)            
 the reported closing price of our ordinary shares equals or exceeds $12.00 per share (as              
 adjusted for share splits, share capitalizations, reorganizations and recapitalizations)              
 for any 20 trading days within any 30-trading day period commencing at least 90 days after            
 our initial business combination or (2) we complete a liquidation, merger, share exchange             
 or other similar transaction after our initial business combination that results in all of            
 our shareholders having the right to exchange their shares for cash, securities or other              
 property.                                                                                             |

| ● | our                                                                                           
 sponsor and members of our management team will directly or indirectly own our securities     
 following this offering, and accordingly, they may have a conflict of interest in determining 
 whether a particular target business is an appropriate business with which to effectuate      
 our initial business combination. Upon the closing of this offering, our sponsor will have    
 invested in us an aggregate of $3,015,000 (or $3,175,000 if the over-allotment is exercised   
 in full) comprised of the $25,000 purchase price for the initial shares (or approximately     
 $0.013 per share) and the $2,990,000 purchase price (or $3,150,000 if the over-allotment      
 is exercised in full) for the private placement units (or $10.00 per units). Accordingly,     
 our management team, which owns interests in our sponsor, may be more willing to pursue a     
 business combination with a riskier or less-established target business than would be the     
 case if our sponsor had paid the same per share price for the initial shares as our public    
 shareholders paid for their public shares.                                                    |

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| ● | certain                                                                                         
 members of our management team may receive compensation upon consummation of our initial        
 business combination, and accordingly, they may have