Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 32

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 32
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 the stockholders present in person or represented by proxy at such special meeting and entitled to vote thereon. In order to be elected as a director as described in the Director Election Proposal (described below under “What proposals are stockholders of BLAC being asked to vote upon?”), a nominee must receive a plurality of all the votes cast only by holders of BLAC Common Stock present in person or represented by proxy at such special meeting, which means that the nominees with the most votes (up to a total of nine (9)) are elected. Certain of the provisions of the Proposed Governing Documents will differ materially from the Existing Governing Documents. Please see “Why is BLAC proposing the Charter Proposal and Advisory Governance Proposals?”below. THE VOTE OF STOCKHOLDERS IS IMPORTANT. STOCKHOLDERS ARE ENCOURAGED TO VOTE AS SOON AS POSSIBLE AFTER CAREFULLY REVIEWING THIS PROXY STATEMENT/PROSPECTUS. Q:What proposals are stockholders of BLAC being asked to vote upon? A:At the BLAC Stockholders’ Meeting, BLAC is asking holders of BLAC Common Stock to consider and vote upon six (6) separate proposals: • Proposal No. 1 — The Business Combination Proposal —To consider and vote upon a proposal to approve and adopt the Business Combination. • Proposal No. 2 — The Charter Proposal— To consider and vote upon a proposal to adopt the Amended Charter, which amends and restates the Current Charter in its entirety. • Proposals No. 3A – 3F — The Advisory Governance Proposals— To consider and vote on a non -bindingadvisory basis, upon six separate governance proposals relating to material differences between (i) the Current Charter and Current Bylaws and (ii) the Amended Charter and Amended Bylaws in accordance with the requirements of the SEC. • Name Change —to change BLAC’s name to “OSR Holdings, Inc.;” 5 • Preferred Stock —to increase the number of shares of preferred stock that can be issued from 1,000,000shares to 20,000,000shares; • 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; • Corporate Opportunity —to eliminate the current limitations on the corporate opportunity doctrine; • Change in