Blueport Acquisition (BPACU) insider reports 197,250 unit purchase
Rhea-AI Filing Summary
Blueport Acquisition Ltd CEO, chairman and director William Rosenstadt, a 10% owner, reported an indirect purchase on 11/13/2025 of 197,250 private units linked to Class A ordinary shares through the issuer's sponsor.
Each private unit was bought at $10.00, for a total of $1,972,500, and consists of one Class A ordinary share plus one right to receive one-sixth of a Class A share after the issuer's initial business combination. Following the transaction, he beneficially owned 1,634,750 Class A ordinary shares and 197,250 rights indirectly via the sponsor, although he disclaims beneficial ownership beyond his pecuniary interest. The rights convert automatically upon the initial business combination and expire worthless if no combination occurs within the required period.
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FAQ
What insider transaction did William Rosenstadt report for BPACU?
William Rosenstadt, CEO, chairman, director and 10% owner of Blueport Acquisition Ltd, reported an indirect purchase on 11/13/2025 of 197,250 private units through the issuer's sponsor.
How many Blueport Acquisition private units were purchased and at what price?
The filing shows a purchase of 197,250 private units at $10.00 per unit, for an aggregate purchase price of $1,972,500.
What does each Blueport Acquisition private unit reported in the Form 4 consist of?
Each private unit consists of one Class A ordinary share and one right to receive one-sixth (1/6) of one Class A ordinary share upon consummation of the issuer's initial business combination.
When do the Blueport Acquisition rights convert into Class A ordinary shares?
According to the disclosure, the rights convert automatically into Class A ordinary shares concurrently with or immediately following the consummation of the issuer's initial business combination.
What happens if Blueport Acquisition does not complete its initial business combination?
If the initial business combination is not consummated within the applicable time period specified in the issuer's Amended and Restated Memorandum and Articles of Association, the rights shall expire and be worthless.
How many Blueport Acquisition Class A shares does William Rosenstadt beneficially own after this transaction?
Following the reported transaction, William Rosenstadt is shown as beneficially owning 1,634,750 Class A ordinary shares and 197,250 rights indirectly through the sponsor, Blueport Acquisition Corporation, which he and Roy Jiang each own 50%, while he disclaims beneficial ownership beyond his pecuniary interest.