Company: BPAC
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001185185-25-000502
Chunk: 34

Company: Blueport Acquisition Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 34
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net of taxes payable), divided by the number of then issued and outstanding public shares, subject      
 to applicable laws. If we are unable to consummate our initial business combination within the 15-month period or such period that may         
 be extended, our post-offering amended and restated memorandum and articles of association provides that we will: (i) cease all operations     
 except for the purpose of winding up; (ii) as promptly as reasonably possible, but not more than ten business days thereafter, redeem          
 the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including        
 interest earned on the funds held in the trust account and not previously released to us to pay our income taxes, divided by the number        
 of the then-outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including      
 the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible following such redemption,       
 subject to the approval of our remaining shareholders and our board of directors, liquidate and dissolve, subject in the case of clauses       
 (ii) and (iii), to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable        
 law.                                                                                                                                           |
|                                                             |     | If we are forced to liquidate, we anticipate                                                                                                   
 that we would distribute to our public shareholders the amount in the trust account calculated as of the date that is two days prior           
 to the distribution date (including any accrued interest).                                                                                     |
|                                                             |     | Prior to such distribution, we would be                                                                                                        
 required to assess all claims that may be potentially brought against us by our creditors for amounts they are actually owed and               
 make provision for such amounts, as creditors take priority over our public shareholders with respect to amounts that are owed to              
 them. We cannot assure you that we will properly assess all claims that may be potentially brought against us. As such, our shareholders       
 could potentially be liable for any claims of creditors to the extent of distributions received by them as a voidable transaction              
 in the event we enter an insolvent liquidation. Furthermore, while we will seek to have all vendors and service providers (which               
 would include any third parties we engaged to assist us in any way in connection with our search for a target business) and prospective        
 target businesses execute agreements with us waiving any right, title, interest or claim of any kind they may have in or to any