Blueport Acquisition Q2 FY26 net income turns to USD 87,581 from loss
BPAC•Merger agreement with SINGAUTO
Blueport entered a May 1, 2026 merger agreement targeting SINGAUTO in an all-equity deal valued at USD 1.2 billion.
Cash and working capital position
Cash totaled USD 29,180 at June 30, 2026. Working capital deficit was USD 378,889, with USD 190,000 outstanding on a sponsor promissory note.
Q2 FY26 profit swings to net income
Blueport posted GAAP net income of USD 87,581 for the three months ended June 30, 2026, swinging from a net loss.
Interest income from Trust Account investments was USD 515,625, offset by general and administrative costs of USD 398,044.
Six-month results show higher interest income
For the six months ended June 30, 2026, Blueport reported GAAP net income of USD 237,755, driven by USD 1.02 million of interest income against USD 726,995 of overhead.
