Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 34

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 34
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 difficult           
 to maintain or obtain the quotation, listing or trading of our securities on a national securities exchange. Please see “Risk                 
 Factors — If we seek shareholder approval of our initial business combination, sponsor, initial shareholders, directors, officers,            
 advisors or their affiliates may elect to purchase public shares or units, which may influence a vote on a proposed business combination      
 and reduce the public “float” of our securities.”                                                                                             |
| Redemption rights |     | In connection with a business                                                                                                                 
 combination, public shareholders will have the right to convert their shares into an amount equal to (1) the number of public shares          
 being converted by such public holder divided by the total number of public shares multiplied by (2) the amount then in the trust             
 account (initially $10.00 per share or 100% of the gross proceeds from this offering), which includes the deferred underwriting discounts     
 and commissions plus a pro rata portion of any interest earned on the funds held in the trust account less any amounts necessary              
 to pay our taxes. At any meeting called to approve an initial business combination, public shareholders may elect to convert their            
 shares regardless of whether or not they vote to approve the business combination or abstain from voting.                                     |
|                   |     | Whether we elect to effectuate                                                                                                                
 our initial business combination via shareholder vote or tender offer, we may require public shareholders wishing to exercise redemption      
 rights, whether they are a record holder or hold their shares in “street name,” to either tender the certificates they                        
 are seeking to convert to our transfer agent or to deliver the shares they are seeking to convert 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. There is a nominal cost associated with this tendering process and the act of certificating 
 the shares or delivering them through the DWAC System. The transfer agent will typically charge the tendering broker $45 and it would         
 be up to the broker whether or not to pass this cost on to the converting holder. The foregoing is different from the procedures              
 used by traditional blank check companies. In order to perfect redemption rights in connection with their business combinations,              
 many traditional blank check companies would distribute proxy materials for the shareholders’ vote on an initial business combination,        
 and a holder could simply vote against a proposed business combination and check a box on the proxy card indicating such holder was