Monitor for future filings that may disclose additional governance structures or business combinations, as this appears to be routine cost management for a blank check company in its pre-acquisition phase.
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Executive Summary
Blueport Acquisition Ltd disclosed a consulting agreement with Hurricane Corporate Services Ltd., controlled by CFO Kulwant Sandher, for CFO services at $3,000 per month, and an oral agreement to pay directors $7,500 per quarter. These are routine governance arrangements typical for a blank check company.
Key Facts
- Company entered into a consulting agreement with Hurricane Corporate Services Ltd. (controlled by CFO Kulwant Sandher) for CFO services
- Monthly fee of $3,000 plus reimbursable expenses for CFO consulting services
- Agreement has a three-month initial term with automatic renewal for additional three months
- Oral agreement to pay each director $7,500 per quarter for board services
- Director compensation agreement can be terminated by the company at any time
Financial Impact
Minimal financial impact - $36,000 annualized for CFO services and $30,000 annualized for board compensation
Risk Factors
- Related-party transaction with CFO's consulting company
- Oral agreement for director compensation lacks formal documentation
- Potential for increased expenses if business combination is pursued
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001185185-26-000753 |
| Document: bpacuex10-1.htm | 0001185185-26-000753 |
| Document: 0001185185-26-000753-index-headers.html | 0001185185-26-000753 |
| Document: 0001185185-26-000753-index.html | 0001185185-26-000753 |
| Document: 0001185185-26-000753.txt | 0001185185-26-000753 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | SC 13G/A | $10.23 $10.23 | · 0.00% | ▼ −0.14% | $10.24 (−0.10%) |
Mar 4, 2026 33w ago | 8-K | $9.98 $10.00 | ▲ +0.20% | ▲ +2.44% | $10.24 (+2.61%) |
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