Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 229

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 229
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 US$          | 1=KRW 1,185.67 |

Note 4 — Accounting Policies During the procedures of the Business Combination, management will perform a comprehensive review of the two entities’ accounting policies. As a result of the review, management may identify differences between the accounting policies of the companies which, when conformed, could have a material impact on the combined financial statements. Based on its initial analysis, management has not identified any material differences in accounting policies under U.S. GAAP that would have an impact on the unaudited pro forma condensed combined financial information. Note 5 — Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet The transaction accounting adjustments included in the unaudited pro forma condensed combined balance sheet as of September 30, 2024 are as follows: 1)Reclassification of $20.9 million of Investments held in Trust Account that becomes available for transaction consideration, transaction expenses, redemption of public shares and the operating activities following the Business Combination to cash and cash equivalents. 2)Reclassification of OSR Shares to BLAC Common Stock. 3)Reflects the elimination of $5.8 million of BLAC’s historical accumulated deficit and the reclassification to additional paid in capital. 4)Represents the reclassification of $20.7 million of 1.9 million BLAC Common Stock subject to possible redemption to permanent equity. 5)Reflects the payment of $27,372 transaction expense incurred and capitalized by BLAC. This relates to legal fee accrued on the historical balance sheet of BLAC as of September 30, 2024 to be paid upon consummation of the Business Combination. Given that BLAC capitalized the $27,372 under other assets, it will be reclassified to additional paid -in-capitalupon Closing. 6)Reflects the transaction expense of $702,262 that are expected to be incurred by BLAC at Closing of the Business Combination. $702,262 will be deferred and charged against additional paid -in-capitalbecause they are legal, third -partyadvisory, investment banking, and other miscellaneous fees, which are direct and incremental to the Business Combination and related proposed financing transactions. 7)Reflects $530,415 payment of excise tax payable to be paid upon consummation of the Business Combination. 8)Reflects the payment of $286,367 of tax payable in connection with the interest income earned on BLAC’s Trust Account. 9)Reflects the