Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 265

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 265
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 BLAC Board considered the third -partyvaluation analyses provided by OSR Holdings in connection with its decision to approve the Business Combination, the BLAC Board took into account the fact that these reports were (i) not recently prepared, (ii) were not prepared giving effect to, or with regard to, the Business Combination, and (iii) were not prepared for, or delivered directly to, the BLAC Board. The BLAC Board considered the information along with the totality of information provided to the BLAC Board in connection with its diligence of OSR Holdings, and did not ascribe any particular or special weight to the third -partyvaluation reports. The reports merely affirm the BLAC Board’s findings in connection with its independent review of OSR Holdings, and its approval of the Business Combination was at all times subject to the receipt of a fairness opinion. See “The Business Combination — The BLAC M&A Committee’s Reasons for the Approval of the Business Combination”for a detailed discussion on the material findings made in connection with due diligence of OSR Holdings, including with respect to the third -partyvaluation and fair market value reports. May 26, 2023 By email dated May 26, 2023, Mr. Hwang sent to the BLAC Board of Directors and OSR Holdings another set of materials that included BLAC’s internal due diligence and review of OSR Holdings, which included the corporate slides on OSR Holdings, and third -partyvaluation reports on Vaximm (dated December 5, 2022) and Darnatein (dated July 2022), the two largest components in the overall sum -of-the-partsvaluation of OSR Holdings. See “The Business Combination — The BLAC M&A Committee’s Reasons for the Approval of the Business Combination”for a detailed discussion on the material findings made in connection with due diligence of OSR Holdings, including with respect to the third -partyvaluation and fair market value reports, and the information contained in the OSR Holdings presentation. June 7, 2023 On a video conference held on June 7, 2023, the BLAC Board met while also inviting Mr. Hwang to the meeting to report on the overall status of discussions relating to the Non -BindingLetter of Intent. June 9, 2023 By unanimous written consent of the BLAC Board effective on June 9, 2023, the BLAC Board authorized the executive officers of BLAC to explore opportunities for a potential business combination with one or more