Company: BPAC
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001185185-25-000273
Chunk: 157

Company: Blueport Acquisition Ltd
Filing Date: 2025-04-09
Form: DRS
Chunk 157
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) 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. If we do             
 not complete our initial business combination within the prescribed time frame, the private           
 placement units will expire worthless. Furthermore, our sponsor, officers and directors have          
 agreed not to transfer, assign or sell any of their initial shares and any Class A ordinary           
 shares issuable upon conversion thereof until the earlier to occur of: (1) 180 days after             
 the completion of our initial business combination; or (2) the date following the consummation        
 of our initial business combination on which we complete a liquidation, merger, share exchange        
 or other similar transaction that results in all of our shareholders having the right to              
 exchange their shares for cash, securities or other property (the “Lock-Up”).                         
 Notwithstanding the foregoing, the initial shares will be released from the Lock-Up if (1)            
 the reported closing price of our ordinary shares equals or exceeds $12.00 per share (as              
 adjusted for share splits, share capitalizations, reorganizations and recapitalizations)              
 for any 20 trading days within any 30-trading day period commencing at least 90 days after            
 our initial business combination or (2) we complete a liquidation, merger, share exchange             
 or other similar transaction after our initial business combination that results in all of            
 our shareholders having the right to exchange their shares for cash, securities or other              
 property.                                                                                             |

| ● | our                                                                                           
 sponsor and members of our management team will directly or indirectly own our securities     
 following this offering, and accordingly, they may have a conflict of interest in determining 
 whether a particular target business is an appropriate business with which to effectuate      
 our initial business combination. Upon the closing of this offering, our sponsor will have    
 invested in us an aggregate of $3,015,000 (or $3,175,000 if the over-allotment is exercised   
 in full) comprised of the $25,000 purchase price for the initial shares (or approximately     
 $0.013 per share) and the $2,990,000 purchase price (or $3,150,000 if the over-allotment      
 is exercised in full) for