Company: BPAC
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001185185-25-000273
Chunk: 24

Company: Blueport Acquisition Ltd
Filing Date: 2025-04-09
Form: DRS
Chunk 24
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 Act, which would not be voted       
 in favor of approving our initial business combination., (B) not to propose, or vote in favor of, an amendment to our post-offering    
 amended and restated memorandum and articles of association that would stop our public shareholders from converting or selling their   
 shares to us in connection with a business combination or affect the substance or timing of our obligation to redeem 100% of our       
 public shares if we do not complete a business combination within 15 months from the closing of this initial public offering, unless   
 we provide public shareholders with the opportunity to redeem their public shares from the trust account in connection with any such   
 vote, (C) not to convert any initial shares (as well as any other shares acquired in or after this offering) into the right to receive 
 cash from the trust account in connection with a shareholder vote to approve our proposed initial business combination (or sell any    
 shares they hold to us in a tender offer in connection with a proposed initial business combination) or a vote to amend the provisions 
 of our post-offering amended and restated memorandum and articles of association relating to shareholders’ rights or pre-business      
 combination activity, and (D) that the initial shares and private shares shall not participate in any liquidating distribution upon    
 winding up if a business combination is not consummated.                                                                               |
|                           |     | Additionally, our initial shareholders have                                                                                            
 agreed not to transfer, assign or sell any of the initial shares (except to certain permitted transferees), until the earlier 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