---
title: "Blueport Acquisition to Merge With Singauto in $1.2 Billion All-Stock Business Combination"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285055843.md"
description: "Blueport Acquisition has announced a merger with Singauto in a $1.2 billion all-stock business combination. The deal includes a reincorporation merger and an acquisition merger, with 120 million shares issued at $10 each. Key shareholders have supported the merger, and post-closing lock-up and registration rights have been established to ensure market stability. The combined entity anticipates Nasdaq listing approval, subject to standard conditions. The agreements were signed on May 1, 2026, and include provisions for shareholder support and trading stability post-merger."
datetime: "2026-05-04T10:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285055843.md)
  - [en](https://longbridge.com/en/news/285055843.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285055843.md)
---

# Blueport Acquisition to Merge With Singauto in $1.2 Billion All-Stock Business Combination

Blueport Acquisition entered into a definitive Agreement and Plan of Merger with Singauto, outlining a two-step business combination including a reincorporation merger and a subsequent acquisition merger. The transaction values Singauto at $1.2 billion and will be paid entirely in stock, issuing 120,000,000 ordinary shares at $10.00 per share. Concurrently, Blueport secured support from key Singauto shareholders and its sponsor, and outlined post-closing lock-up and registration rights to enhance closing certainty and market stability. The combined company expects Nasdaq listing approval, subject to customary conditions.

**Agreement 1: Blueport Acquisition to Merge With Singauto in $1.2 Billion All-Stock Business Combination**

-   **Agreement type**: Agreement and Plan of Merger (SPAC business combination)
-   **Counterparty**: Singauto
-   **Signed / Effective**: May 01 2026 / same
-   **Duration / Termination**: One-time transaction
-   **Reason**: Take Singauto public and combine operations

**Agreement 2: Blueport Acquisition Secures Company Holder Support for Singauto Merger**

-   **Agreement type**: Company Support Agreement
-   **Counterparty**: Singauto shareholders
-   **Signed / Effective**: May 01 2026 / same
-   **Duration / Termination**: Until effective time or termination
-   **Reason**: Secure requisite votes and deal certainty

**Agreement 3: Blueport Sponsor Agrees to Vote For and Not Redeem Shares in Singauto Deal**

-   **Agreement type**: Sponsor Support Agreement
-   **Counterparty**: Blueport Sponsor and Affiliates
-   **Signed / Effective**: May 01 2026 / same
-   **Duration / Termination**: Until effective time or termination
-   **Reason**: Support approvals and preserve trust proceeds

**Agreement 4: Blueport and Key Holders Set Post-Closing Lock-Up Terms for Singauto Combination**

-   **Agreement type**: Lock-Up Agreements
-   **Counterparty**: Blueport Sponsor and 5%+ Singauto shareholders
-   **Signed / Effective**: May 01 2026 / N/A
-   **Duration / Termination**: 30–180 days post-closing; price-based early release
-   **Reason**: Support trading stability post-merger

**Agreement 5: Blueport Sets Registration Rights for Post-Merger Holders in Singauto Deal**

-   **Agreement type**: Registration Rights Agreement
-   **Counterparty**: Certain Singauto and Blueport holders
-   **Signed / Effective**: May 01 2026 / N/A
-   **Duration / Termination**: Ongoing until securities are freely tradable
-   **Reason**: Enable liquidity via public resale registrations

Original SEC Filing: Blueport Acquisition Ltd \[ BPAC \] - 8-K - May. 01, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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