---
title: "Blueport Acquisition | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286316841.md"
datetime: "2026-05-13T20:57:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286316841.md)
  - [en](https://longbridge.com/en/news/286316841.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286316841.md)
---

# Blueport Acquisition | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EBIT: As of FY2026 Q1, the actual value is USD -868.08 K.

Blueport Acquisition Ltd operates as a single segment, with its Chief Operating Decision Maker (CODM) reviewing overall company results to allocate resources and assess financial performance, focusing on general and administrative expenses and interest earned on investments in the Trust Account to manage cash and capital for business combination.

#### Operational Metrics

-   **Net Income (Loss):** For the three months ended March 31, 2026, Blueport Acquisition Ltd reported a net income of $150,174, contrasting with a net loss of - $9,052 for the period from January 13, 2025 (inception) through March 31, 2025.
-   **General and Administrative Expenses:** General and administrative expenses were $358,951 for the three months ended March 31, 2026, compared to $9,052 for the period from January 13, 2025 (inception) through March 31, 2025, which primarily consisted of formation and operating expenses.
-   **Interest Earned on Investments held in Trust Account:** Interest income from investments held in the Trust Account was $509,125 for the three months ended March 31, 2026, with no interest income recorded for the prior period.

#### Cash Flow

-   **Net Cash Used in Operating Activities:** Net cash used in operating activities was - $383,036 for the three months ended March 31, 2026, compared to - $9,052 for the period from January 13, 2025 (inception) through March 31, 2025.
-   **Net Cash Provided by Financing Activities:** The company reported $0 in net cash provided by financing activities for the three months ended March 31, 2026, while $9,052 was provided by financing activities for the period from January 13, 2025 (inception) through March 31, 2025.
-   **Net Change in Cash:** The net change in cash was - $383,036 for the three months ended March 31, 2026, with no change in cash for the period from January 13, 2025 (inception) through March 31, 2025.

#### Liquidity and Capital Resources

-   As of March 31, 2026, Blueport Acquisition Ltd had cash of $97,816 and working capital of $49,155.

#### Future Outlook and Strategy

Blueport Acquisition Ltd is a blank check company established to effect a business combination, planning to use proceeds from its IPO, private placement units, sale of securities, debt, or a combination thereof to fund its initial business combination. On May 1, 2026, Blueport Acquisition Ltd entered into a Merger Agreement to effect a two-step business combination with SINGAUTO Inc., which involves Blueport Acquisition Ltd merging into NeoCryo Inc. (PubCo), followed by NeoCryo Merger Sub Ltd merging into SINGAUTO Inc. The aggregate consideration for SINGAUTO’s shareholders is $1.2 billion, payable entirely in equity, consisting of 120,000,000 PubCo ordinary shares valued at $10.00 per share. The company has until February 13, 2027, to complete its initial business combination, though management has determined that the company lacks the financial resources to sustain operations, raising substantial doubt about its ability to continue as a going concern until the consummation or liquidation of the business combination.

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