Company: BPAC
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001185185-25-000273
Chunk: 32

Company: Blueport Acquisition Ltd
Filing Date: 2025-04-09
Form: DRS
Chunk 32
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) increase the likelihood of obtaining shareholder approval of the business combination,   
 (2) reduce the number of public units outstanding and/or increase the likelihood of approval on any matters submitted to the public      
 unitholders for approval in connection with our initial business combination or (3) satisfy a closing condition in an agreement with     
 a target that requires us to have a minimum net worth or a certain amount of cash at the closing of our initial business combination,    
 where it appears that such requirement would otherwise not be met. Any such purchases of our securities may result in the completion     
 of our initial business combination that may not otherwise have been possible. In addition, if such purchases are made, the public       
 “float” of our securities may be reduced and the number of beneficial holders of our securities may be reduced, which                    
 may make it difficult to maintain or obtain the quotation, listing or trading of our securities on a national securities exchange.       
 Please see “Risk Factors — If we seek shareholder approval of our initial business combination, sponsor, initial shareholders,           
 directors, officers, advisors or their affiliates may elect to purchase public shares or units, which may influence a vote on a proposed 
 business combination and reduce the public “float” of our securities.”                                                                   |
| Redemption rights |     | In connection with a business combination,                                                                                               
 public shareholders will have the right to convert their shares into an amount equal to (1) the number of public shares being converted  
 by such public holder divided by the total number of public shares multiplied by (2) the amount then in the trust account (initially     
 $10.00 per share or 100% of the gross proceeds from this offering), which includes the deferred underwriting discounts and commissions   
 plus a pro rata portion of any interest earned on the funds held in the trust account less any amounts necessary to pay our taxes.       
 At any meeting called to approve an initial business combination, public shareholders may elect to convert their shares regardless       
 of whether or not they vote to approve the business combination or abstain from voting.                                                  |
|                   |     | Whether we elect to effectuate our initial                                                                                               
 business combination via shareholder vote or tender offer, we may require public shareholders wishing to exercise redemption rights,     
 whether they are a record holder or hold their shares in “street name,” to either tender the certificates they are seeking               
 to convert to our transfer agent or to deliver the shares they are seeking to convert to the transfer agent electronically using         
 Depository Trust Company’s DWAC (Deposit/Withdrawal