Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 270

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 270
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250 shares in a share recapitalization, resulting in the Sponsor holding an aggregate of 1,437,500 founder shares
(up to 187,500 of which are subject to forfeiture depending on the extent to which the underwriters’ over-allotment option is not exercised in full or in part by the underwriters).

As of June 30, 2025, there were 1,437,500 Founder
Shares issued and outstanding which were retroactively restated to reflect the forfeiture of 546,250 shares by the Sponsor, among which,
up to 187,500 shares subject to forfeiture to the extent that the underwriters’ over-allotment is not exercised in full, so that
the Sponsor will beneficially own 25% of the Company’s issued and outstanding shares after the Proposed Public Offering (not including
the shares underlying the private placement units and assuming the sponsor does not purchase any Public Shares in the Proposed Public
Offering and excluding the Private Units).

<div align='center'>F-12

BLUEPORT ACQUISITION LTD

NOTES TO FINANCIAL STATEMENTS</div>

Note 5 — Related Party Transactions
(cont.)

The Founder Shares are identical to the Class A ordinary
shares included in the Units being sold in the Proposed Public Offering, and holders of Founder Shares have the same shareholder
rights as public shareholders, except that (i) the Founder Shares are subject to certain transfer restrictions, as described in
more detail below, and (ii) the Sponsor, officers and directors of the Company will enter into a letter agreement with the Company,
pursuant to which they will agree (A) to waive their redemption rights with respect to the Founder Shares, private placement shares
and public shares in connection with the completion of its initial Business Combination and (B) to waive their rights to liquidating
distributions from the Trust Account with respect to the Founder Shares and private placement shares if the Company fails to complete
its initial Business Combination within 15 months from the effective date of the registration statement (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), although they will be entitled to
liquidating distributions from the Trust Account with respect to any public shares they hold if the Company fails to complete its initial
Business Combination within such time period and (iii) the Founder Shares and private placement shares are subject