Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 149

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 149
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Our sponsor has agreed that, if
we liquidate the trust account prior to the consummation of a business combination, it will be liable to pay debts and obligations to
target businesses or vendors or other entities that are owed money by us for services rendered or contracted for or products sold to us
in excess of the net proceeds of this offering not held in the trust account, but only to the extent necessary to ensure that such debts
or obligations do not reduce the amounts in the trust account and only if such parties have not executed a waiver agreement. However,
we cannot assure you that it will be able to satisfy those obligations if it is required to do so. Accordingly, the actual per-share redemption
price could be less than $10.00 due to claims of creditors. Additionally, if we are forced to file a bankruptcy case or an involuntary
bankruptcy case is filed against us which is not dismissed, the proceeds held in the trust account could be subject to applicable bankruptcy
law and may be included in our bankruptcy estate and subject to the claims of third parties with priority over the claims of our shareholders.
To the extent any bankruptcy claims deplete the trust account, we cannot assure you we will be able to return to our public shareholders
at least $10.00 per share.

Competition

In identifying, evaluating and
selecting a target business, we may encounter intense competition from other entities having a business objective similar to ours. Many
of these entities are well established and have extensive experience identifying and effecting business combinations directly or through
affiliates. Many of these competitors possess greater technical, human and other resources than us and our financial resources will be
relatively limited when contrasted with those of many of these competitors. While we believe there may be numerous potential target businesses
that we could acquire with the net proceeds of this offering, our ability to compete in acquiring certain sizable target businesses may
be limited by our available financial resources.

The following also may not be
viewed favorably by certain target businesses:

| ● | our obligation to seek shareholder approval of a business combination or obtain the necessary financial information to be sent to shareholders in connection with such business combination may delay or prevent the completion of a transaction; |

| ● | our obligation to redeem public shares held by our public shareholders may reduce the resources available to us for a business combination; |

| ● | Nasdaq may require us to file a new listing application and meet its initial listing requirements to maintain the listing of our securities