Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 198

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 198
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 that we will provide our public shareholders with the opportunity to redeem their public shares for cash
at a per share price equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in
the trust account (less taxes payable), divided by the number of then outstanding public shares, upon the completion of our initial business
combination, subject to the limitations and on the conditions described herein.

Initial shares

The initial shares are designated
as Class B ordinary shares and, except as described below, are identical to the Class A ordinary shares included in the units being sold
in this offering, and holders of initial shares have the same shareholder rights as public shareholders, except that (i) the initial shares
are subject to certain transfer restrictions, as described in more detail below, (ii) the initial shares are entitled to registration
rights; (iii) our sponsor, officers and directors will enter into a letter agreement with us, pursuant to which they will agree to (A)
waive their redemption rights with respect to their initial shares, private shares and public shares in connection with the completion
of our initial business combination; (B) waive their redemption rights with respect to their initial shares, private shares and public
shares in connection with a shareholder vote to approve an amendment to our amended and restated memorandum and articles of association
(a) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to
redeem 100% of our public shares if we have not consummated an initial business combination within the completion window or (b) with respect
to any other material provisions relating to shareholders’ rights or pre-initial business combination activity; (C) waive their
rights to liquidating distributions from the trust account with respect to their initial shares and private shares if we fail to complete
our initial business combination within the completion window, although they will be entitled to liquidating distributions from the trust
account with respect to any public shares they hold if we fail to complete our initial business combination within the prescribed time
frame; and (D) vote any initial shares and private shares held by them and any public shares purchased during or after this offering (including
in open market and privately-negotiated transactions, aside from shares they may purchase in compliance with the requirements of Rule
14e-5 under the Exchange Act, which would not be voted in favor of approving our initial business combination, (iv) the initial shares
are automatically convertible into Class A ordinary shares concurrently