Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 117

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 117
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 executive officers, directors and their affiliates and our principal stockholders beneficially hold, in the aggregate, approximately 92.9% of the outstanding shares of BLAC Common Stock. These stockholders, acting together, would be able to significantly influence all matters requiring stockholder approval, including the proposals presented at the BLAC Stockholders’ Meeting. For example, these stockholders would be able to significantly influence elections of directors, amendments of our organizational documents, or approval of any merger, sale of assets, or other major corporate transaction. This may prevent or discourage unsolicited acquisition proposals or offers for our common stock that stockholders may feel are in their best interests. BLAC and OSR Holdings will incur significant transaction costs in connection with transactions contemplated by the Business Combination Agreement. BLAC and OSR Holdings will incur significant transaction costs in connection with the Business Combination. If the Business Combination is not consummated, BLAC may not have sufficient funds to seek an alternative initial business combination and may be forced to dissolve and liquidate. OSR Holdings may also incur additional costs to retain key employees. All expenses incurred in connection with the Business Combination Agreement and the transactions contemplated thereby, including all legal, accounting, consulting, and other fees, expenses and costs, will be for the account of the party incurring such fees, expenses and costs, provided that if the Closing occurs, New OSR Holdings will bear and pay at or promptly after Closing all transaction expenses. The aggregate transaction expenses for BLAC and OSR Holdings as a result of the Business Combination are expected to be approximately $6,000,000. The per -shareamount distributed to BLAC public stockholders who properly exercise their redemption rights will not be reduced by the transaction expenses and after such redemptions, the per -sharevalue of shares of BLAC Common Stock held by non -redeemingBLAC public stockholders will reflect New OSR Holdings’ obligation to pay the transaction expenses. The aggregate transaction expenses on a per share basis are approximately $0.30, $0.30, and $0.30 under the 0% redemption, 50% redemption, and 100% redemption scenarios, respectively. 58 The Business Combination may be completed even though material adverse effects may result from the announcement of the Business Combination, industry-wide changes and other causes. In general, either BLAC or OSR Holdings may refuse to complete the Business Combination if there is a material adverse effect affecting the other party between November 16, 2023 (the date of the initial