Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 225

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 225
---
— Allocation of Purchase Price and Characterization of a Unit”) reduced,
in the case of an Class A ordinary share by any prior distributions treated as a return of capital. Long-term capital gain realized
by a non-corporate U.S. Holder is currently eligible to be taxed at reduced rates. The deduction of capital losses is subject to
certain limitations. U.S. Holders who recognize losses with respect to a disposition of our securities should consult their own tax
advisors regarding the tax treatment of such losses.

Redemption of Class A Ordinary Shares

Subject to the PFIC rules discussed
below, in the event that a U.S. Holder’s Class A ordinary shares are redeemed pursuant to the redemption provisions described
in this prospectus under “Description of Securities — Class A Ordinary Shares” or if we purchase
a U.S. Holder’s Class A ordinary shares in an open market transaction, the treatment of the transaction for United States
federal income tax purposes will depend on whether the redemption or purchase by us qualifies as a sale or exchange of the Class A
ordinary shares under Section 302 of the Code. If the redemption or purchase by us qualifies as a sale or exchange of Class A
ordinary shares, the U.S. Holder will be treated as described under “— Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition of Class A Ordinary Shares and Rights”above. If the redemption or purchase by us does not
qualify as a sale of Class A ordinary shares, the U.S. Holder will be treated as receiving a corporate distribution with the
tax consequences described above under “— Taxation of Distributions.” Whether a redemption or purchase by
us qualifies for treatment as a sale or exchange will depend largely on the total number of our shares treated as held by the U.S. Holder
(including any Class A ordinary shares constructively owned by the U.S. Holder described in the following paragraph) relative
to all of our shares issued and outstanding both before and after such redemption or purchase. The redemption or purchase by us of Class A
ordinary shares generally will be treated as a sale or exchange of the Class A ordinary shares (rather than as a corporate distribution)
if such redemption or purchase by us (i) is “substantially disproportionate” with respect to the U.S. Holder, (ii) results
in a “complete termination” of the U.S. Holder’s interest in us or (iii) is “not essentially equivalent
to a dividend” with respect to