Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 537

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 537
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 as of January15, 2025. The expected beneficial ownership of shares of New OSR Holdings common stock post -BusinessCombination assumes two scenarios: (i)a “no redemption” scenario where (i) no public stockholders exercise their redemption rights in connection with the Business Combination, (ii) BLAC issues 14,676,728 shares of BLAC Common Stock, (iii) all BLAC Rights have been converted to shares of BLAC Common Stock, (iv) 2,222,220 shares of BLAC Common Stock are issued to Toonon, and (v) 98,765shares of BLAC Common Stock are issued to Duksung under the Duksung Promissory Note; and (ii)a “maximum redemption” scenario where (i) 164,752 public shares of BLAC’s Common Stock are redeemed in connection with the Business Combination, (ii) BLAC issues 14,676,728shares of BLAC Common Stock, (iii) all BLAC Rights have been converted to shares of BLAC Common Stock, (iv) 2,222,220shares of BLAC Common Stock are issued to Toonon, and (v) 98,765shares of BLAC Common Stock are issued to Duksung under the Duksung Promissory Note. Based on the foregoing assumptions, we estimate that there would be 17,828,245shares of New OSR Holdings’ common stock issued and outstanding immediately following the consummation of the Business Combination in the “no redemption” scenario and 17,663,493 shares of New OSR Holdings’ common stock issued and outstanding immediately following the consummation of the Business Combination in the “maximum redemption” scenario. If the actual facts are different from the foregoing assumptions, ownership figures in the Combined Company and the columns under Post -BusinessCombination in the table that follows will be different. 340

Unless otherwise indicated and subject to applicable community property and similar laws, BLAC believes that all persons named in the table below have sole voting and investment power with respect to the voting securities beneficially owned by them.

|                                                                      |     | Prior to the Transactions |     |               |   |     | After the Transactions |       |     |               |   |     |              |       |     |               |   |
| Name and Address of Beneficial                                       
 Owner                                                                |     |                 Number of 
                    Shares 
              Beneficially 
                     Owned |     |   Approximate 
 Percentage