Shaolin Capital discloses 5.49% Blueport Acquisition (BPAC) ownership in 13G filing
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Blueport Acquisition Ltd received a Schedule 13G reporting that Shaolin Capital Management LLC and David Puritz together beneficially own 326,374 Class A ordinary shares. These shares represent 5.49% of the outstanding Class A shares, giving them a reportable but relatively small minority stake.
The filing shows Shaolin and Puritz have shared power to vote and dispose of all 326,374 shares, with no sole voting or dispositive power. They certify the shares were not acquired to change or influence control of Blueport Acquisition Ltd, positioning this as a passive investment rather than an activist stake.
Positive
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Negative
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FAQ
What stake in Blueport Acquisition Ltd (BPAC) is reported in this Schedule 13G?
The Schedule 13G reports ownership of 326,374 Class A ordinary shares of Blueport Acquisition Ltd, equal to 5.49% of the class. This crosses the 5% reporting threshold and requires public disclosure as a significant but minority shareholding.
Who are the reporting persons in the Blueport Acquisition Ltd (BPAC) Schedule 13G?
The reporting persons are Shaolin Capital Management LLC and David Puritz. They file jointly as “Reporting Persons,” with their principal business address at 230 NW 24th Street, Suite 603, Miami, FL 33127, and both are organized or domiciled in Delaware.
How much voting and dispositive power do the BPAC Schedule 13G filers report?
The filers report shared voting power over 326,374 shares and shared dispositive power over the same 326,374 shares. They report zero sole voting power and zero sole dispositive power, meaning these rights are held jointly rather than individually.
Is the Blueport Acquisition Ltd (BPAC) stake reported as an activist or passive position?
The filers certify the securities were not acquired to change or influence control of Blueport Acquisition Ltd. The language aligns with a passive investment intent rather than an activist position, consistent with a Schedule 13G filing instead of a Schedule 13D.
What class of Blueport Acquisition Ltd (BPAC) securities is covered by this Schedule 13G?
The filing covers Class A ordinary shares of Blueport Acquisition Ltd, each with a par value of $0.0001 per share. The CUSIP number for this class is G1196A102, which uniquely identifies the security for trading and settlement.