Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 223

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 223
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 as a result of the Business Combination. The transaction accounting adjustments reflecting the consummation of the Business Combination and related proposed financing transactions are based on certain currently available information and certain assumptions and methodologies that BLAC believes are reasonable under the circumstances. The transaction accounting adjustments, which are described in the accompanying notes, may be revised as additional information becomes available. 120 Therefore, it is likely that the actual adjustments will differ from the transaction accounting adjustments, and it is possible that the difference may be material. BLAC believes that its assumptions and methodologies provide a reasonable basis for presenting all of the significant effects of the Business Combination and the related proposed financing transactions based on information available to management at this time. Description of the Business Combination Each holder of OSR Holdings’ Common Stock that executes a Participating Stockholder Joinder to the Business Combination Agreement, and each holder of OSR Holdings’ Common Stock that executes a Non -ParticipatingStockholder Joinder on or prior to the Closing will be joined as parties to the Business Combination Agreement, pursuant to which at the Effective Time (i) BLAC shall issue the Aggregate Participating Consideration to the Participating Company Stockholders, and (ii) the Participating Company Stockholders shall sell, transfer, convey, assign and deliver all of their respective shares of OSR Holdings’ Common Stock to BLAC. Pursuant to the Share Exchange, each share of OSR Holdings’ Common Stock held by the Participating Company Stockholders immediately prior to the Effective Time shall be exchanged for the Per Share Consideration. It is a condition to closing under the Business Combination Agreement that holders of at least 60% of the shares of OSR Holdings Common Stock on a fully diluted basis execute a Participating Stockholder Joinder and exchange their shares of OSR Holdings Common Stock with BLAC and, as a result, BLAC will own at least 60% of the outstanding shares of OSR Holdings Common Stock at closing. For further details, see “ The Business Combination Agreement — General — Conditions to Closing the Business Combination.” On the Closing Date, BLAC shall issue to the Participating Company Stockholders up to an aggregate of 24,461,214shares of BLAC Common Stock, and the Participating Company Stockholders will transfer their respective shares of OSR Holdings’ Common Stock. It is a condition to closing of the Share Exchange that BLAC will acquire from the Participating Company Stockholders at least 60% of the shares of OSR Holdings Common Stock outstanding on the Closing Date. In addition,