Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 102

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 102
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 close the PIPE Investment or secure additional financing within a short period of time following the closing of the Business Combination, OSR Holdings could face claims from creditors that could cause voluntary or involuntary bankruptcy proceedings, in which case, the value of the stock of New OSR Holdings would likely be worthless. The Sponsor and BLAC’s directors and officers have interests that are different from or that conflict with the interests of BLAC’s stockholders and that may have influenced their analysis of whether the Business Combination with OSR Holdings is appropriate as BLAC’s initial business combination. Such interests include that the Sponsor will lose its entire investment in BLAC if the Business Combination is not completed. When you consider the recommendation of BLAC’s Board in favor of approval of the Business Combination, you should keep in mind that BLAC’s directors and officers have interests in the Business Combination that are different from, or in addition to, your interests as a stockholder. These interests include, among other things: •the fact that the Sponsor has agreed not to redeem any shares of BLAC Common Stock held by it in connection with a stockholder vote to approve a proposed initial business combination (the Sponsor was not granted any consideration or incentive to agree not to redeem any shares of BLAC Common Stock held by it in connection with a stockholder vote to approve the Business Combination); •the fact that the Sponsor paid an aggregate of $25,000 (or $0.014 per share) for 1,725,000shares of BLAC Common Stock, which will have a significantly higher value at the time of the Business Combination. If unrestricted and freely tradable, such shares would have had an aggregate market value of $[•] based upon the closing price of $[•] per share of BLAC Common Stock on Nasdaq on [•], 2025, the most recent practicable date prior to the date of this proxy statement and an aggregate market value of $[•] based upon the closing price of $[•] per share of BLAC Common Stock on Nasdaq on [•], 2025, the Record Date, but given the restrictions on those shares, we believe those shares have less value; •the fact that Sponsor purchased 430,000 private placement units (including the underlying securities) for an aggregate purchase price of $4,300,000 (or $10.00 per unit) in which the warrants and rights included in the private placement units would be worthless if a business combination is not consummated by February14, 2025