Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 29

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 29
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 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.                             |
|                                          |     | Additionally, our insiders                                                                                                               
 have agreed not to transfer, assign or sell any private units (including the ordinary shares issuable upon exercise of the private       
 units or underlying the rights contained therein) until at least 30 days after the completion of our initial business combination        
 (except with respect to permitted transferees as described herein under “Principal Shareholders”). Any permitted transferees             
 will be subject to the same restrictions and other agreements of our initial shareholders with respect to any initial shares and         
 the private units, as applicable. However, if after our initial business combination, there is a transaction whereby all the outstanding 
 shares are exchanged or redeemed for cash (as would be the case in a post-asset sale liquidation) or another issuer’s shares,            
 then the initial shares or the private units (or any ordinary shares thereunder) shall be permitted to participate.                      |

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| Private placement at time of          
 offering                              |     | Our sponsor                                                                                                                                 
 has committed to purchasing from us an aggregate of 186,000 private units at $10.00 per private unit (for a total purchase price            
 of $1,860,000). These purchases will take place on a private placement basis simultaneously with the consummation of this offering.         
 All of the proceeds we receive from these purchases will be placed in the trust account described below. Our sponsor has also agreed        
 that if the over-allotment option is exercised by the underwriters, it will purchase from us at a price of $10.00 per private unit          
 an additional number of private units (up to a maximum of 197,250 private units) pro rata with the amount of the over-allotment option      
 exercised so