Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 159

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 159
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 A ordinary shares concurrently with or immediately following the consummation of our initial business
combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share subdivisions, 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 any other 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 private units issued to the sponsor), plus (ii) all Class A ordinary shares
and equity-linked securities issued or deemed issued, in connection with the closing of the initial business combination (excluding any
shares or equity-linked securities issued, or to be issued, to any seller in the initial business combination and any private placement-equivalent
units issued to our sponsor or any of its affiliates or to our officers or directors upon conversion of working capital loans) minus (iii)
any redemptions of Class A ordinary shares by public shareholders in connection with an initial business combination; provided that such
conversion of initial shares will never occur on a less than one-for-one basis.

<div align='center'>92</div>

Pursuant to a letter agreement
entered with us, each of our sponsor, directors and officers will agree to restrictions on its ability to transfer, assign, or sell the
initial shares and private units, as summarized in the table below.

| Subject Securities         |     | Expiration Date                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |     | Natural                          
 Persons and                      
 Entities                         
 Subject to                       
 Restrictions                     |     | Exceptions to Transfer Restrictions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Class B Ordinary Shares    |     | The earlier of (1) 180