Blueport Acquisition Ltd. operates as a blank check company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on January 13, 2025 and is headquartered in New York, NY.
Blueport Acquisition Ltd and SingAuto Inc Announce Business Combination Agreement to Create a Publicly Listed Company
Blueport Acquisition Ltd entered into a definitive business combination agreement with SingAuto Inc, a provider of green cold-chain logistics technology solutions for smart commercial electric vehicles.
The transaction implies a pro forma equity value of approximately $1.2 billion, with SingAuto shareholders set to receive 120 million shares of the new public company valued at $10.00 per share.
The proposed transactions are expected to close by the end of 2026, subject to regulatory and shareholder approvals, with SingAuto CEO Yuqiang Liu continuing to lead the combined entity.