Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 528

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 528
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 its agents and each of its stockholders, directors, officers and employees against all claims and losses that may arise out of acts performed or omitted for its activities in that capacity, except for any liability due to any gross negligence, willful misconduct or bad faith of the indemnified person or entity. 332 Certain Anti-Takeover Provisions of Delaware Law and the Amended Charter and Amended Bylaws BLAC is subject to the provisions of Section 203 of the DGCL regulating corporate takeovers. This statute prohibits a Delaware corporation that is listed on a national securities exchange or held of record by more than 2,000 stockholders from engaging in a “business combination” with an “interested stockholder” for three years following the date that the stockholder became an interested stockholder. An “interested stockholder” generally means any person (other than BLAC or a direct or indirect majority -ownedsubsidiary of BLAC) that is: •a stockholder who owns 15% or more of our outstanding voting stock; •an affiliate of such a stockholder; or •an associate of such a stockholder A “ business combination” includes, among other things, a merger or sale of more than 10% of our assets. Under Section 203 of the DGCL, a business combination between a corporation and an interested stockholder is prohibited unless it satisfies one of the following conditions: •before the stockholder became an interested stockholder, the board of directors of the corporation approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder; •upon the consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the voting stock outstanding those shares owned by persons who are directors and also officers, and employee stock plans, in some instances; or •at or after the time the stockholder became an interested stockholder, the business combination was approved by the board of directors of the corporation and authorized at an annual or special meeting of the stockholders by the affirmative vote of at least 66 2⁄ 3% of the outstanding voting stock which is not owned by the interested stockholder. BLAC’s authorized but unissued common stock and preferred stock are available for future issuances by the BLAC Board without stockholder approval and could be utilized for a variety of corporate purposes, including future offerings to raise