Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 373

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 373
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 in order to give BLAC stockholders the opportunity to present their separate views on important corporate governance provisions. These separate votes are not otherwise required by Delaware law separate and apart from the Charter Proposal and will be voted upon on a non -bindingadvisory basis. Accordingly, the stockholder votes regarding the Advisory Governance Proposals are advisory votes and are not binding on BLAC or the BLAC Board (separate and apart from the approval of the Charter Proposal). Furthermore, the Business Combination is not conditioned on the separate approval of the Advisory Governance Proposals (separate and apart from approval of the Charter Proposal). Accordingly, regardless of the outcome of the non -bindingadvisory vote on the Advisory Governance Proposals, BLAC intends that the Amended Charter will take effect upon the Closing (assuming approval of the Charter Proposal). Advisory Governance Proposals The following list sets forth a summary of the Advisory Governance Proposals. This summary is qualified by reference to the complete text of the Amended Charter, a copy of which is attached to and incorporated into this proxy statement/prospectus as Annex F and the Amended Bylaws, a copy of which is attached to and incorporated into this proxy statement/prospectus as Annex G. All stockholders are encouraged to read the Amended Charter and Amended Bylaws in their entirety for a more complete description of their terms. Proposal No. 3A: Name Change Description of Amendment This amendment will change the name of the publicly traded entity from “Bellevue Life Sciences Acquisition Corp.” to “OSR Holdings, Inc.” Reasons for the Amendment The BLAC Board believes that changing the name of BLAC upon the completion of the Business Combination is desirable to reflect the Business Combination and to clearly identify New OSR Holdings as the publicly traded entity. Proposal No. 3B: Increase in Authorized Shares Description of Amendment This amendment would increase the number of shares of preferred stock that New OSR Holdings is authorized to issue from 1,000,000shares to 20,000,000shares. Reasons for the Amendment The BLAC Board believes increasing the number of preferred shares that New OSR Holdings is authorized to issue will provide New OSR Holdings flexibility for future issuances of preferred stock if determined by New OSR Holdings’ Board to be in the bests interest of New OSR Holdings without incurring the risk, delay and potential expense incident to obtaining stockholder approval for a particular issuance. Proposal No. 3C: Increase Vote Required for Removal of Directors Description of Amendment The Current Bylaws