Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 320

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 320
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’s officers and directors, and its and their affiliates have previously loaned money to BLAC (or to the sponsor for BLAC’s benefit) in an aggregate amount of $2,245,000 to fund operating and transaction expenses in connection with the proposed Business Combination, $1,763,000 of which remains outstanding as of the date of this proxy statement/prospectus (none of which contain conversion rights), and may make additional loans after the date of this proxy statement/prospectus for such purposes. If the Business Combination is not consummated or another business combination is not otherwise completed, the loans may not be repaid and would be forgiven except to the extent there are funds available to BLAC outside of the Trust Account to repay such loan; •the fact that, although no compensation of any kind was or will be paid by BLAC to the Sponsor, BLAC’s executive officers and directors, or any of their respective affiliates, for services rendered prior to or in connection with the completion of an initial business combination, these individuals may be reimbursed for any out -of -pocketexpenses incurred in connection with activities on BLAC’s behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. As of the date of this proxy statement/prospectus, there are no outstanding out -of -pocketexpenses for which the Sponsor or BLAC’s officers or directors are awaiting reimbursement; •the fact that if the Trust Account is liquidated, including in the event BLAC is unable to complete an initial business combination by February14, 2025 (unless such date is extended in accordance with the Existing Governing Documents), the Sponsor has agreed to indemnify BLAC to ensure that the proceeds in the Trust Account are not reduced below $10.175 per public share, or such lesser per public share amount as is in the Trust Account on the liquidation date, by the claims of prospective target businesses with which BLAC has entered into an acquisition agreement or claims of any third party for services rendered or products sold to BLAC, but only if such a vendor or target business has not executed a waiver of any and all rights to seek access to the Trust Account; •the fact that director Jun Chul Whang has loaned an aggregate of $115,000 to BLAC for working capital purposes, of which $75,000 remains outstanding; •the fact that BLAC advanced a loan to OSR Holdings in the amount of $300,000 evidenced by the OSR Holdings Promissory Note that bears