Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 9

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 9
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, for deferred underwriting commissions           
 that will be placed in a trust account in the United States as described herein and payable to the underwriters in cash upon the consummation 
 of our initial business combination. Excludes certain fees and expenses payable to the underwriters in connection with this offering.         
 See also “Underwriting” for a description of compensation and other items of value payable to the underwriters.                               |

Of the proceeds we receive from this offering and the sale of the private units described in this prospectus, $50,000,000, or $57,500,000 if the underwriters’ over-allotment option is exercised in full ($10.00 per unit or 100% of the gross proceeds of the offering in either case), will be deposited into a United States-based trust account at a United States chartered commercial bank with consolidated assets of $100 billion or more selected by Wilmington Trust, National Association, (“Wilmington Trust”) acting as trustee. Such amount includes $0.20 per unit, or $1,000,000 (or $1,150,000 if the underwriters’ over-allotment option is exercised in full) in the aggregate, payable to the underwriters as deferred underwriting discounts and commissions only upon the completion of our initial business combination. Except as described in this prospectus, these funds will not be released to us until the earlier of the completion of our initial business combination and our liquidation upon our failure to consummate a business combination within the required time period. The majority of our assets may be located outside the United States after we consummate our initial business combination.

In February 2025, an aggregate of 1,983,750 initial shares were issued to our sponsor, for an aggregate purchase price of $25,000. In August 2025, our sponsor forfeited, for no consideration, 546,250 shares in a share recapitalization, resulting in our sponsor holding an aggregate of 1,437,500 founder shares (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). Because our sponsor acquired the initial shares at a nominal price, our public shareholders will incur