Company: BPAC
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001185185-25-000273
Chunk: 247

Company: Blueport Acquisition Ltd
Filing Date: 2025-04-09
Form: DRS
Chunk 247
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 full) of the gross proceeds of the Proposed Public Offering held in the Trust Account upon the completion of the Company’s initial Business Combination subject to the terms of the underwriting agreement.

The underwriters have agreed (i) to waive their redemption rights with respect to such shares in connection with the completion of its initial Business Combination, and (ii) to waive their rights to liquidating distributions from the Trust Account with respect to such shares if the Company fails to complete its initial Business Combination within 15 months from the closing of the Proposed Public Offering.

Note 7 — Shareholder’s Equity

Class A Ordinary shares— The Company is authorized to issue up to 450,000,000 shares of Class A ordinary shares with $0.0001 par value. As of February 28, 2025, there were no shares of Class A ordinary shares issued or outstanding.

Class B Ordinary shares— The Company is authorized to issue up to 50,000,000 shares of Class B ordinary shares with $0.0001 par value. At February 28, 2025, there were 1,983,750 Class B ordinary shares issued and outstanding, of which an aggregate of up to 258,750 shares are subject to forfeiture to the extent that the underwriters’ over-allotment option is not exercised in full.

The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the initial Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary shares or equity-linked securities, are issued or deemed issued in excess of the amounts sold in this offering and related to or in connection with the closing of the initial business combination, the ratio at which Class B ordinary shares convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, 25% of the sum of (i) the total number of all Class A ordinary shares outstanding upon the completion of this offering (including any Class A ordinary shares issued pursuant to the underwriters’ over-allotment option and excluding the Class A ordinary shares underlying the