Company: BPAC
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001185185-25-000502
Chunk: 51

Company: Blueport Acquisition Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 51
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 companies seeking to enter into an initial business combination with available targets, the competition for available targets with attractive fundamentals or business models may increase, which could cause target companies to demand improved financial terms. Attractive deals could also become scarcer for other reasons, such as economic or industry sector downturns (including a negative public perception of mergers involving SPACs), geopolitical tensions, or increases in the cost of additional capital needed to close business combinations or operate targets post-business combination. This could increase the cost of, delay or otherwise complicate or frustrate our ability to find and consummate an initial business combination and may result in our inability to consummate an initial business combination on terms favorable to our investors altogether.

You will not be entitled to protections normally afforded to investors of blank check companies.

Since the net proceeds of this
offering are intended to be used to complete a business combination with a target business that has not been identified, we may be deemed
to be a “blank check” company under the United States securities laws. However, since we expect to have net tangible assets
of at least $5,000,001 upon the successful consummation of this offering and will file a Current Report on Form 8-K, including an audited
balance sheet demonstrating this fact, or we will be otherwise exempt from the provisions of Rule 419 promulgated under the Securities
Act, we are exempt from rules promulgated by the SEC to protect investors of blank check companies such as Rule 419. Accordingly, investors
will not be afforded the benefits or protections of those rules which would, for example, completely restrict the transferability of our
securities, restrict the use of interest earned on the funds held in the trust account and require us to complete a business combination
within 15 months from the closing of the offering (subject to shareholder approval, there are no limitations as to the duration of an
extension or the number of times the completion window may be extended by shareholders via an amendment to our amended and restated memorandum
and articles of association). Because we are not subject to Rule 419, our units will be immediately tradable, we will be entitled to withdraw
amounts from the funds held in the trust account prior to the completion of a business combination and we may have more time to complete
an initial business combination. For a more detailed comparison of this offering to offerings that comply with Rule 419, see “Proposed Business—Comparison to Offerings of Blank Check Companies Subject to Rule 419.”

We