Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 263

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 263
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 similar agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below
the lesser of (i) $10.00 per public share and (ii) the actual amount per public share held in the Trust Account as of the date of the
liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable,
provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any
and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under
the Company’s indemnity of the underwriters of the Proposed Public Offering against certain liabilities, including liabilities
under the Securities Act. However, the Company has not asked the Sponsor to reserve for such indemnification obligations, nor has the
Company independently verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations and the Company believes
that the Sponsor’s only assets are securities of the Company. Therefore, the Company cannot assure the Sponsor will be able to
satisfy those obligations.

Going Concern Consideration

As of June 30, 2025, the Company had no cash and
a working capital deficit of $180,604. The Sponsor has agreed to loan the Company up to $300,000 to be used for a portion of the expenses
of the Proposed Public Offering. The loan is non-interest bearing, unsecured and is payable on the earlier of: (i) the date on which
the Company consummates an initial public offering of its securities, or (ii) the date on which the Company determines to not proceed
with such initial public offering. As of June 30, 2025, the Company borrowed $173,604 under the promissory note as discussed in Note
5.

The Company has incurred and expects to continue
to incur significant costs in pursuit of its financing and acquisition plans. These conditions raise substantial doubt about the Company’s
ability to continue as a going concern within one year after the date that the financial statements are issued. Management plans to address
this uncertainty through a Proposed Public Offering as discussed in Note 3. There is no assurance that the Company’s plans to raise
capital or to consummate a Business Combination will be successful within the Completion Window. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.

Note 2 — Summary