Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 116

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 116
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 in their best interests. BLAC and OSR Holdings will incur significant transaction costs in connection with transactions contemplated by the Business Combination Agreement. BLAC and OSR Holdings will incur significant transaction costs in connection with the Business Combination. If the Business Combination is not consummated, BLAC may not have sufficient funds to seek an alternative initial business combination and may be forced to dissolve and liquidate. OSR Holdings may also incur additional costs to retain key employees. All expenses incurred in connection with the Business Combination Agreement and the transactions contemplated thereby, including all legal, accounting, consulting, and other fees, expenses and costs, will be for the account of the party incurring such fees, expenses and costs, provided that if the Closing occurs, New OSR Holdings will bear and pay at or promptly after Closing all transaction expenses. The aggregate transaction expenses for BLAC and OSR Holdings as a result of the Business Combination are expected to be approximately $6,000,000. The per -shareamount distributed to BLAC public stockholders who properly exercise their redemption rights will not be reduced by the transaction expenses and after such redemptions, the per -sharevalue of shares of BLAC Common Stock held by non -redeemingBLAC public stockholders will reflect New OSR Holdings’ obligation to pay the transaction expenses. The aggregate transaction expenses on a per share basis are approximately $0.30, $0.30, and $0.30 under the 0% redemption, 50% redemption, and 100% redemption scenarios, respectively. 58 The Business Combination may be completed even though material adverse effects may result from the announcement of the Business Combination, industry-wide changes and other causes. In general, either BLAC or OSR Holdings may refuse to complete the Business Combination if there is a material adverse effect affecting the other party between November 16, 2023 (the date of the initial Business Combination Agreement), and the planned closing. However, certain types of changes do not permit either party to refuse to consummate the Business Combination, even if such change could be said to have a material adverse effect on OSR Holdings or BLAC, including, but not limited to the following events (except, in certain cases where the change has a disproportionate effect on a party): •any change or proposed change in or change in the interpretation of any applicable laws or GAAP; •events or conditions generally affecting the industries or geographic areas in which the parties operate; •any downturn in general economic conditions, including changes in the credit, debt