Blueport Acquisition Ltd
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
BPAC$10.230.0%Stored close · as of Nov 5, 2026
Contents
Condensed Consolidated Balance Sheets as of September 30, 2026 (Unaudited) and December 31, 2025
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30, 2026 | December 31, | |
|---|---|---|
| (Unaudited) | 2025 | |
| Assets | ||
| Current assets | ||
| Cash | $4,680 | $480,852 |
| Prepaid expenses | 42,036 | 62,511 |
| Total current assets | 46,716 | 543,363 |
| Investments held in Trust Account | 59,345,372 | 57,784,454 |
| Total Assets | $59,392,088 | $58,327,817 |
| Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ (Deficit) Equity | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $184,665 | $135,256 |
| Promissory notes - related party | 480,000 | - |
| Total current liabilities | 664,665 | 135,256 |
| Deferred underwriting fee payable | 1,150,000 | 1,150,000 |
| Total Liabilities | 1,814,665 | 1,285,256 |
| Commitments and Contingencies (Note 6) | ||
| Class A ordinary shares, $0.0001 par value; 450,000,000 shares authorized; 5,750,000 shares subject to possible redemption | 57,717,054 | 53,340,490 |
| Shareholders’ (Deficit) Equity: | ||
| Class A ordinary shares, $0.0001 par value; 450,000,000 shares authorized; 197,250 shares issued and outstanding (excluding 5,750,000 shares subject to possible redemption) | 20 | 20 |
| Class B ordinary shares, $0.0001 par value, 50,000,000 shares authorized; 1,437,500 shares issued and outstanding | 144 | 144 |
| Additional paid-in capital | - | 3,721,645 |
| Accumulated deficit | (139,795) | (19,738) |
| Total shareholders’ (deficit) equity | (139,631) | 3,702,071 |
| Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ (Deficit) Equity | $59,392,088 | $58,327,817 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| For the Three Months Ended September 30, · For the Nine Months Ended September 30, · For the Period From January 13, 2025 (Inception) Through September 30, | ||||||
|---|---|---|---|---|---|---|
| 2026 · 2025 · 2026 · 2025 | ||||||
| General and administrative expenses | $209,060 | $33,070 | $936,055 | $79,122 | ||
| Related party administrative fees | 30,000 | - | 90,000 | - | ||
| Loss from operations | (239,060) | (33,070) | (1,026,055) | (79,122) | ||
| Other income | ||||||
| Interest earned on investments held in Trust Account | 536,167 | - | 1,560,917 | - | ||
| Income before income tax | 297,107 | (33,070) | 534,862 | (79,122) | ||
| Net income (loss) | $297,107 | $(33,070) | $534,862 | $(79,122) | ||
| Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption | 5,750,000 | - | 5,750,000 | - | ||
| Basic and diluted net income per share, Class A ordinary shares subject to possible redemption | $0.10 | $ | - | $0.24 | $ | - |
| Basic and diluted weighted average shares outstanding, Class A and Class B ordinary shares not subject to redemption(1) | 1,634,750 | 1,250,000 | 1,634,750 | 1,029,693 | ||
| Basic and diluted net loss per share Class A and Class B ordinary shares not subject to redemption | $(0.16) | $(0.03) | $(0.52) | $(0.08) | ||
| (1) | Class B ordinary shares have been retroactively adjusted to reflect the forfeiture of 546,250 shares for no consideration in a share recapitalization in August 2025, resulting in the Sponsor holding an aggregate of 1,437,500 founder shares (up to 187,500 of which were subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters) (see Note 5). On November 13, 2025, the Company consummated its IPO and sold 5,750,000 Units, including 750,000 Units sold pursuant to the full exercise of the underwriters’ over-allotment option; hence, the 187,500 Class B ordinary shares are no longer subject to forfeiture. |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ (DEFICIT) EQUITY
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2026
| Ordinary shares · Additional · Retained Earnings · Total | |||||||
|---|---|---|---|---|---|---|---|
| Class A · Class B(1) · Paid-in · (Accumulated · Shareholders’ | |||||||
| Shares | Amount | Shares | Amount | Capital | Deficit) | Equity | |
| Balance – December 31, 2025 | 197,250 | $20 | 1,437,500 | $144 | $3,721,645 | $(19,738) | $3,702,071 |
| Subsequent measurement of ordinary shares subject to redemption (interest earned on trust account) | — | — | — | — | (509,125) | — | (509,125) |
| Accretion of carrying value to redemption value | — | — | — | — | (922,419) | — | (922,419) |
| Net income | — | — | — | — | — | 150,174 | 150,174 |
| Balance as of March 31, 2026 | 197,250 | $20 | 1,437,500 | $144 | $2,290,101 | $130,436 | $2,420,701 |
| Subsequent measurement of ordinary shares subject to redemption (interest earned on trust account) | — | — | — | — | (515,625) | — | (515,625) |
| Accretion of carrying value to redemption value | — | — | — | — | (938,456) | — | (938,456) |
| Net income | — | — | — | — | — | 87,581 | 87,581 |
| Balance as of June 30, 2026 | 197,250 | $20 | 1,437,500 | $144 | $836,020 | $218,017 | $1,054,201 |
| Subsequent measurement of ordinary shares subject to redemption (interest earned on trust account) | — | — | — | — | (536,167) | — | (536,167) |
| Accretion of carrying value to redemption value | — | — | — | — | (954,772) | — | (954,772) |
| Accretion of additional paid-in capital to accumulated deficit | 654,919 | (654,919) | — | ||||
| Net income | — | — | — | — | — | 297,107 | 297,107 |
| Balance as of September 30, 2026 | 197,250 | $20 | 1,437,500 | $144 | $— | $(139,795) | $(139,631) |
FOR THE PERIOD FROM JANUARY 13, 2025 (INCEPTION) THROUGH SEPTEMBER 30, 2025
| Additional · Total | |||||
|---|---|---|---|---|---|
| Ordinary Shares · Paid-in · Accumulated · Shareholders’ | |||||
| Shares | Amount | Capital | Deficit | Deficit | |
| Balance–January 13, 2025 (Inception) · - · $ · - · $ · - · $ · - · $ · - | |||||
| Class B ordinary shares issued to the Sponsor(1) | 1,437,500 | 144 | 24,856 | - | 25,000 |
| Net loss | - | - | - | (9,052) | (9,052) |
| Balance–March 31, 2025 | 1,437,500 | $144 | $24,856 | $(9,052) | $15,948 |
| Net loss | - | - | - | (37,000) | (37,000) |
| Balance–June 30, 2025 | 1,437,500 | $144 | $24,856 | $(46,052) | $(21,052) |
| Net loss | - | - | - | (33,070) | (33,070) |
| Balance–September 30, 2025 | 1,437,500 | $144 | $24,856 | $(79,122) | $(54,122) |
| (1) | Class B ordinary shares have been retroactively adjusted to reflect the forfeiture of 546,250 shares for no consideration in a share recapitalization in August 2025, resulting in the Sponsor holding an aggregate of 1,437,500 founder shares (up to 187,500 of which were subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters) (see Note 5). On November 13, 2025, the Company consummated its IPO and sold 5,750,000 Units, including 750,000 Units sold pursuant to the full exercise of the underwriters’ over-allotment option; hence, the 187,500 Class B ordinary shares are no longer subject to forfeiture. |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Nine Months Ended September 30, 2026 · For the Period From January 13, 2025 (Inception) Through September 30, 2025 | ||||
|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||
| Net income (loss) | $534,862 | $(79,122) | ||
| Changes in operating assets and liabilities: | ||||
| Interest income on investments held in Trust Account | (1,560,917) | - | ||
| Prepaid expenses | 20,474 | - | ||
| Accounts payable and accrued expenses | 49,409 | 25,000 | ||
| Net Cash Used in Operating Activities | (956,172) | (54,122) | ||
| Cash Flows from Financing Activities: | ||||
| Proceeds from promissory notes – related party | 480,000 | 5,000 | ||
| Advances from related party | - | 54,122 | ||
| Net Cash Provided by Financing Activities | 480,000 | 59,122 | ||
| Net Change in Cash | (476,172) | 5,000 | ||
| Cash, Beginning of the Period | 480,852 | - | ||
| Cash, End of the Period | $4,680 | $5,000 | ||
| Supplemental Disclosure of Cash Flow Information: | ||||
| Accretion of carrying value to redemption value of Class A redeemable ordinary shares | $4,376,564 | $ | - | |
| Deferred offering costs paid by Sponsor under amount due to a related party | $ | - | $152,701 | |
| Deferred offering costs paid by Sponsor in exchange for issuance of ordinary shares | $ | - | $25,000 | |
The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.
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