Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 536

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 536
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 or exercisable within 60 days. Shares subject to warrants that are currently exercisable or exercisable within 60 days of January15, 2025, or rights that are converted at closing of the Business Combination, are considered outstanding and beneficially owned by the person holding such warrants or rights for the purpose of computing the percentage ownership of that person but are not treated as outstanding for the purpose of computing the percentage ownership of any other person. The beneficial ownership of shares of BLAC Common Stock pre -BusinessCombination is based on 2,319,752shares of BLAC Common Stock issued and outstanding 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.