Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 523

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 523
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 A Preferred Stock. Preemptive Rights Series A Preferred Stock will not be entitled to preemptive or other similar subscription rights to purchase any of New OSR Holdings’ securities. Conversion Rights Each holder of Series A Preferred Stock shall have the option from time to time, exercisable by delivery of written notice to New OSR Holdings, to the extent permitted by applicable law, to convert all or a portion of such holder’s shares of Series A Preferred Stock into Common Stock in an amount equal to the quotient of (i) the Series A Original Issue Price plus all unpaid Accruing Dividends as of the date of the conversion and (ii) the then applicable conversion price, which shall initially be $9.00 and is subject to adjustment. Warrants In connection with BLAC’s IPO, BLAC issued 6,900,000 warrants to purchase an aggregate of 6,900,000 shares of BLAC Common Stock (the “ Public Warrants”). Simultaneously with its IPO, BLAC issued 430,000 warrants to purchase an aggregate of 430,000shares of BLAC Common Stock in a private placement 329 (the “ Private Warrants” and together with the Public Warrants, the “ Warrants”). As of January28, 2025, there were 7,330,000 Warrants outstanding. Each Warrant entitles the registered holder to purchase one share of common stock. The Warrants entitle the holders thereof to purchase shares of New OSR Holdings’ common stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing on 30 days after the completion of the Business Combination. The Warrants have been issued in registered form under a Warrant Agreement between Continental, as warrant agent, and BLAC (the “ Warrant Agreement”). The Private Warrants are identical to the Public Warrants, except that the Private Warrants and the shares of common stock issuable upon the exercise of the Private Warrants are not transferable, assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions, and none of the Private Warrants will be redeemable so long as they are held by their initial purchasers or their permitted transferees. The Warrants will expire five years after the completion of the Business Combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation. New OSR Holdings will not be obligated to deliver any shares of common stock pursuant to the