Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 123

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 123
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 (up to 187,500 of which are subject to forfeiture depending on the extent to which the underwriters’ over-allotment option
is exercised), so that our initial shareholder will collectively own approximately 20% of our issued and outstanding shares after this
offering, purchased for approximately $0.017 per share (without giving effect to the sale of the private units, and assuming our initial
shareholders do not purchase units in this offering).

Our sponsor has committed to purchasing
from us an aggregate of 186,000 private units at $10.00 per private unit (for a total purchase price of $1,860,000. Our sponsor has also
agreed that if the over-allotment option is exercised by the underwriters, it will purchase from us at a price of $10.00 per private unit
an additional number of private units (up to a maximum of 197,250 private units) pro rata with the amount of the over-allotment option
exercised so that at least $10.00 per share sold to the public (or 100% of the gross proceeds from the offering) in this offering is held
in trust. These additional private units will be purchased in a private placement that will occur simultaneously with the purchase of
units resulting from the exercise of the over-allotment option.

On February 28, 2025, we issued
an unsecured promissory note to our sponsor with an aggregate principal amount of up to $300,000, which is non-interest-bearing. The principal
of this note may be drawn down from time to time upon a written request from us to our sponsor. The principal under the note is payable
on the earlier of the date on which we consummate the initial public offering of our securities or the date on which we determine not
to conduct an initial public offering of our securities.

Our sponsor will agree, commencing
from the date that our securities are first listed on Nasdaq through the earlier of the consummation of our initial business combination
and our liquidation, to make available to us certain general and administrative services, including office space, administrative and support
services, as we may require from time to time. We have agreed to pay our sponsor $10,000 per month for these services, payable upon consummation
of our initial business combination (if we do not consummate an initial business combination, any accrued and unpaid amounts shall be
forgiven). No administrative service expense will be