Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 258

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 258
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 OSR Holdings members that BLAC had a productive meeting with a potential target (Company A) for a business combination with BLAC in New York City, and that there were other companies with whom information had been exchanged through BLAC’s network of individuals, investment banks, and others. Mr. Hwang also told OSR Holdings members that since a Confidentiality Agreement had been executed, BLAC would further explore a business combination with OSR Holdings. Over the next several days, Mr. Hwang had informal meetings and conversations with OSR Holdings members regarding the possibility of a business combination with BLAC. April 5, 2023 Mr. Hwang and Mr. Sellam first met via video conference. Mr. Hwang initially questioned why Mr. Sellam held multiple C -levelpositions with several different companies on his CV, and expressed his concern about Mr. Sellam’s lack of focus on any one company; e.g., if Vaximm hired Mr. Sellam as its new CEO. First, Mr. Sellam reminded Mr. Hwang that he agreed to meet via video conference as a matter of courtesy and for networking purposes and was not looking for a full time CEO role within another start -up. Mr. Sellam explained that his roles with LBV’s portfolio companies were structured as they were because he co -foundedall four companies along with the respective scientific founders/principal investigators of each company. Mr. Sellam then presented a top -linereview of LBV’s companies, their startup model designed by Mr. Sellam and his co -foundersat LBV. Mr. Sellam also said that in his view, an optimal organization could be set up within each start -upwithout a full -timeCEO for each, a model successfully implemented by LBV with its group of portfolio companies. Mr. Hwang told Mr. Sellam that there were similarities with BLAC’s own investment strategy as disclosed in the BLAC IPO prospectus. After the meeting, Mr. Hwang debriefed the BLAC team on LBV and the team agreed that more in -depthdiscussions on the businesses and sciences of LBV and its companies were in order. April 10, 2023 At OSR Holdings’ weekly Monday morning meeting on April 10, 2023, members of OSR Holdings and Mr. Hwang, representing BLAC, discussed the relative advantages and disadvantages of OSR Holdings going public on NASDAQ via a transaction with BLAC compared to a traditional IPO and