Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 19

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 19
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 Governance Proposals” or “ Advisory Proposals 3A – 3F.” • 3A: Name Change —to change BLAC’s name to “OSR Holdings, Inc;” • 3B: Preferred Stock —to increase the number of shares of preferred stock that can be issued from 1,000,000shares to 20,000,000shares; • 3C: Increase Vote Required for Removal of Directors— to provide that directors may be removed by the affirmative vote of the holders of at least 66 2/3% of the voting power instead of for cause and by the affirmative vote of holders of a majority of the voting power; • 3D: Corporate Opportunity —to eliminate the current limitations on the corporate opportunity doctrine; • 3E: Change in Quorum —to provide that the quorum required for stockholder meetings is the holders of one -thirdin voting power of the then outstanding shares of capital stock entitled to vote at the meeting instead of the holders of a majority in voting power of the then outstanding shares of capital stock entitled to vote at the meeting; and • 3F: Additional Charter Amendments —to approve all other changes including eliminating certain provisions related to special purpose acquisition corporations that will no longer be relevant following the closing of the Business Combination (the “ Closing”). • Proposal No. 4 — The Incentive Plan Proposal —to consider and vote upon a proposal for the new omnibus incentive plan in form and substance reasonably acceptable to BLAC and OSR Holdings, a copy of which is attached to the proxy statement/prospectus enclosed with this Notice as Annex H, be adopted and approved. • Proposal No. 5 — The Director Election Proposal —to elect nine (9) directors to the New OSR Holdings Board. • Proposal No. 6 — The Nasdaq Proposal —to consider and vote upon a proposal to approve, for purposes of complying with the applicable listing rules of The Nasdaq Stock Market LLC, the issuance of shares of BLAC common stock, par value $0.0001 per share (“BLAC Common Stock”), pursuant to the Business Combination Agreement in connection with the Business Combination. • Proposal No. 7 — The Adjournment Proposal —to adjourn special meeting to a later date or dates to the extent necessary (i) to ensure that any required supplement or amendment to the accompanying proxy statement/prospectus is provided to the BLAC stockholders, (ii) to permit further solicitation and vote or proxies if there