Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 362

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 362
---
R Holdings Common Stock Taxation of the Share Exchange to Non-U.S. Holders of OSR Holdings Common Stock In General Assuming that following the Share Exchange, the Company will not own stock possessing at least 80 percent of the total combined voting power of all classes of stock entitled to vote and at least 80 percent of the total number of shares of all other classes of stock of OSR Holdings, which we understand will be the case, the Share Exchange will constitute a taxable transaction to holders of OSR Holdings Common Stock and will not qualify as a tax -free“reorganization” within the meaning of Section 368(a) of the Code for U.S. federal income tax purposes. Accordingly, the OSR Holdings Stockholders that are Non -U.S. Holders will be treated as if they sold their OSR Holdings Common Stock in a fully taxable transaction. Each such Non -U.S. Holder will generally not be subject to U.S. federal income tax of OSR Holdings Common Stock except in the circumstance described under the heading “ — Redemption Treated as Sale of Exchange — Non -U .S. Holders” above. The rules applicable to such gain in the event it is taxable are the same as those described under the heading “ — Redemption Treated as Sale of Exchange — Non -U .S. Holders” above. U.S. Federal Income Tax Consequences to Non-U.S. Holders of Ownership and Disposition of BLAC Common Stock after the Business Combination Distributions on BLAC Common Stock Distributions of cash or property to a Non -U.S. Holder in respect of BLAC Common Stock will generally constitute dividends for U.S. federal income tax purposes to the extent paid from BLAC’s current or accumulated earnings and profits, as determined under U.S. federal income tax principles. If a distribution exceeds BLAC’s current and accumulated earnings and profits, the excess will generally be treated first as a tax -freereturn of capital to the extent of the Non -U.S. Holder’s adjusted tax basis in the BLAC Common Stock. Any remaining excess will be treated as capital gain and will be treated as described below under “ — Sale, Exchange, Redemption or Other Taxable Disposition of BLAC Common Stock.” 218 Dividends paid to a Non -U.S. Holder of BLAC Common Stock generally will be subject to withholding of U.S. federal income tax at a 30% rate, unless such Non -U.S. Holder is eligible for a reduced rate of withholding tax under