Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 365

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 365
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 and Warrants The conversion of rights into common stock by a Non -U.S. Holder should not be treated as a taxable transaction to such Non -U.S. Holder. Common stock received on such a conversion should have a tax basis equal to the tax basis of the rights converted. The holding period of such common stock should generally be tacked with the holding period of the rights from which they are converted. (It is not clear how the holding period of common stock received as the result of the conversion of rights with different holding periods will be treated.) 217 A Non -U.S. Holder that owns a right that expires should not be allowed a taxable loss for U.S. federal income tax purposes unless the loss is deemed effectively connected with a U.S. trade or business. Such loss should be treated as a capital gain or loss to a holder in most cases. Upon the sale or other disposition of a right or warrant (other than by exercise), a Non -U.S. Holder will generally recognize capital gain or loss equal to the difference between the amount realized on the sale or other disposition and such Non -U.S. Holder’s tax basis in the right or warrant. Any such gain should not be subject to U.S. federal income tax except in the circumstances described under the heading “ — Redemption Treated as Sale or Exchange — Non -U .S. Holders” above. The rules applicable to such gain in the event it is taxable are the same as those described under the heading “ — Redemption Treated as Sale or Exchange — Non -U .S. Holders” above. In general, you will not be required to recognize income, gain or loss upon exercise of a warrant for its exercise price. Your basis in a share of BLAC Common Stock received upon exercise will be equal to the sum of (1) your basis in the warrant and (2) the exercise price of the warrant. Your holding period in the Common Stock received upon exercise will commence on the day after you exercise the warrants. Although there is no direct legal authority as to the U.S. federal income tax treatment of an exercise of a warrant on a cashless basis, we intend to take the position that such exercise will not be taxable, either because the exercise is not a gain realization event or because it qualifies as a tax -freerecapitalization. In the former case, the holding period of the Common Stock should commence on the day after the warrant is exercised. In the latter case, the holding period of the common stock would include the holding