Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 141

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 141
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 combination and not seek conversion of its shares.

Alternatively, if we engage in
a tender offer, each public shareholder will be provided the opportunity to sell his public shares to us in such tender offer. The tender
offer rules require us to hold the tender offer open for at least 20 business days. Accordingly, this is the minimum amount of time we
would need to provide holders to determine whether they want to sell their public shares to us in the tender offer or remain an investor
in our company.

Our initial shareholders, officers
and directors will not have redemption rights with respect to any ordinary shares owned by them, directly or indirectly, whether acquired
prior to this offering or purchased by them in this offering or in the aftermarket.

We may also require public shareholders,
whether they are a record holder or hold their shares in “street name,” to either tender their certificates (if any) to our
transfer agent or to deliver their shares to the transfer agent electronically using Depository Trust Company’s DWAC (Deposit/Withdrawal
At Custodian) System, at the holder’s option, at any time at or prior to the vote on the business combination. Once the shares are
converted by the holder, and effectively redeemed by us under Cayman Islands law, the share registrar in the Cayman Islands will then
update our register of members to reflect all conversions. The proxy solicitation materials that we will furnish to shareholders in connection
with the vote for any proposed business combination will indicate whether we are requiring shareholders to satisfy such delivery requirements.
Accordingly, a shareholder would have from the time our proxy statement is mailed through the vote on the business combination to deliver
his shares if he wishes to seek to exercise his redemption rights. Under our post-offering amended and restated memorandum and articles
of association, we will be required to provide at least five days’ advance notice of any shareholder meeting, which would be the
minimum amount of time a shareholder would have to determine whether to exercise redemption rights. As a result, if we require public
shareholders who wish to convert their ordinary shares into the right to receive a pro rata portion of the funds in the trust account
to comply with the foregoing delivery requirements, holders may not have sufficient time to receive the notice and deliver their shares
for conversion. Accordingly, investors may not be able to exercise their redemption rights and may be forced to retain our securities
when they otherwise would not want to.

There is a nominal cost associated
with this tendering process and the act of cert