Blueport and SingAuto Announce Business Combination Agreement

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: May 01 2026

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Source: Newsfilter

Business Combination Agreement: Blueport Acquisition Ltd has entered into a business combination agreement with global innovator SingAuto, which is expected to lead to a new company listing on Nasdaq, marking a significant move for Blueport in the green technology sector.
Transaction Size and Valuation: The deal is valued at $1.2 billion, with SingAuto shareholders set to receive approximately 120 million ordinary shares of the new company at $10 per share, reflecting strong market confidence in green cold-chain logistics.
Technological Innovation and Market Outlook: SingAuto's flagship refrigerated vehicle, the S1, has completed development and is designed to efficiently deliver frozen, chilled, and fresh produce in a single shipment, which is expected to significantly enhance delivery efficiency in the cold-chain logistics industry and meet the demand for smart commercial electric vehicles.
Management Outlook: SingAuto's CEO Yuqiang Liu expressed that the merger will strengthen market presence and accelerate business growth, while Blueport's CEO William Rosenstadt emphasized the unique value of partnering with SingAuto, indicating promising growth potential ahead.

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About BPAC

Blueport Acquisition Ltd is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company has conducted no operations and has generated no revenues.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Blueport Acquisition and SingAuto Announce Business Combination Agreement

May 04 2026Yahoo Finance

Merger Agreement Reached: Blueport Acquisition Ltd has signed a business combination agreement with global green cold-chain logistics innovator SingAuto, expected to close by the end of 2026, marking Blueport's entry into the electric commercial vehicle market and enhancing its competitive position.
Significant Transaction Size: The merger transaction is valued at $1.2 billion, with SingAuto shareholders set to receive approximately 120 million ordinary shares valued at $10 each, reflecting strong market recognition of its green cold-chain logistics technology.
Technological Innovation Advantage: SingAuto's flagship product, the S1 refrigerated commercial vehicle, has completed R&D and can efficiently deliver frozen, chilled, and fresh produce in the same shipment, enhancing cold-chain logistics efficiency and meeting market demand for smart electric commercial vehicles.
Positive Management Outlook: SingAuto's CEO Yuqiang Liu stated that the merger will strengthen market presence and accelerate business growth, with plans to leverage technological advantages to expand products and services to meet the increasing market demand.