Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 134

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 134
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 unrestricted flexibility in identifying
and selecting a prospective target business. We have not established any other specific attributes or criteria (financial or otherwise)
for prospective target businesses.

We believe such factors will be
important in evaluating prospective target businesses, regardless of the location or industry in which such target business operates.
However, this list is not intended to be exhaustive. Furthermore, we may decide to enter into a business combination with a target business
that does not meet these criteria and guidelines.

Any evaluation relating to the
merits of a particular business combination will be based, to the extent relevant, on the above factors as well as other considerations
deemed relevant by our management in effecting a business combination consistent with our business objective. In evaluating a prospective
target business, we will conduct an extensive due diligence review which will encompass, among other things, meetings with incumbent management
and inspection of facilities, as well as review of financial and other information which is made available to us. This due diligence review
will be conducted either by our management or by unaffiliated third parties we may engage, although we have no current intention to engage
any such third parties.

The time and costs required to
select and evaluate a target business and to structure and complete the business combination cannot presently be ascertained with any
degree of certainty. Any costs incurred with respect to the identification and evaluation of a prospective target business with which
a business combination is not ultimately completed will result in a loss to us and reduce the amount of capital available to otherwise
complete a business combination.

Fair market value of target business

Pursuant to the Nasdaq Stock Market
Listing Rules, the target business or businesses that we acquire must collectively have a fair market value equal to at least 80% of the
balance of the funds in the trust account (excluding any deferred underwriting discounts and commissions and taxes payable on the income
earned on the trust account) at the time of the execution of a definitive agreement for our initial business combination, although we
may acquire a target business whose fair market value significantly exceeds 80% of the trust account balance. We currently anticipate
structuring a business combination to acquire 100% of the equity interests or assets of the target business or businesses. We may, however,
structure a business combination where we merge directly with the target business or where we acquire less than 100% of such interests
or assets of the target business in order to meet certain objectives of the target management team or shareholders or for other reasons,
but we will only complete