Company: BPAC
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001185185-25-000273
Chunk: 28

Company: Blueport Acquisition Ltd
Filing Date: 2025-04-09
Form: DRS
Chunk 28
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 value of the target business or businesses, we may obtain an opinion from an independent investment banking         
 or accounting firm as to the fair market value of the target business. We will complete our initial business combination only if              
 the post-transaction company in which our public shareholders own shares will own or acquire 50% or more of the outstanding voting            
 securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register          
 as an investment company under the Investment Company Act. Even if the post-transaction company owns 50% or more of the voting securities     
 of the target, our shareholders prior to the business combination may collectively own a minority interest in the post business combination   
 company, depending on valuations ascribed to the target and us in the business combination transaction. If less than 100% of the              
 equity interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion              
 of such business or businesses that is owned or acquired is what will be valued for purposes of the 80% test, provided that in the            
 event that the business combination involves more than one target business, the 80% test will be based on the aggregate value of              
 all of the target businesses.                                                                                                                 |
| Potential revisions                                              
 to agreements with insiders                                      |     | We could seek to amend certain                                                                                                                
 agreements made by our management team disclosed in this prospectus without the approval of shareholders, although we have no intention       
 to do so. For example, restrictions on our executives relating to the voting of securities owned by them, the agreement of our management     
 team to remain with us until the closing of a business combination, the obligation of our management team to not propose certain              
 changes to our organizational documents or the obligation of the management team and its affiliates to not receive any compensation           
 in connection with a business combination could be modified without obtaining shareholder approval. Although shareholders would not           
 be given the opportunity to redeem their shares in connection with such changes, in no event would we be able to modify the redemption        
 or liquidation rights of our shareholders without permitting our shareholders the right to redeem their shares in connection with             
 any such change. We will not agree to any such changes unless we believed that such changes were in the best interests of our shareholders    
 (for example, if such a modification were necessary to complete a business combination).                                                      |
| Shareholder approval of,                                         
 or tender offer in connection with, initial business combination |     | In connection with any