Blueport Acquisition closes IPO of 5.75M units at $10/unit, raises $57.5M

Blueport Acquisition Ltd

IPO of 5,750,000 units at $10.00/unit closed Nov 13, 2025; underwriters' over-allotment fully exercised.
Gross proceeds of $57.5M from IPO and $1.97M private placement deposited in trust account.
Audited balance sheet shows $57.5M in trust, $1.15M deferred underwriting fee, $4.23M shareholders' equity.
Auditor raises substantial doubt about going concern; limited cash and 15-month deadline to complete business combination by Feb 13, 2027.
Company has 15 months from IPO closing to consummate initial business combination.

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