Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 85

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 85
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 rights at the same exchange ratio set forth in the Business Combination Agreement, and there is no option for cash settlement. For further details, see “ The Business Combination Agreement — General — Structure of the Transactions.” BLAC expects that holders of approximately 12% of the OSR Holdings Common Stock will not sign any Joinder and such shares will remain outstanding and not be subject to any contractual put or call rights, or other conversion rights, with or into BLAC Common Stock. After consideration of the factors identified and discussed in the section entitled “ The Business Combination — The BLAC M&A Committee’s Reasons for the Approval of the Business Combination,” the BLAC Board concluded that the Business Combination met all of the requirements disclosed in the prospectus for BLAC’s IPO, including that the businesses of OSR Holdings had a fair market value of at least 80% of the balance of the funds in the Trust Account at the time of execution of the Business Combination Agreement. For more information about the transactions contemplated by the Business Combination Agreement, see “ The Business Combination.” Charter Proposal BLAC will ask its stockholders to approve the Charter Proposal pursuant to which the Current Charter will be amended and restated in its entirety by the Amended Charter. The BLAC Board has unanimously approved the Charter Proposal and believes such proposal is necessary to adequately address the needs of BLAC after the Business Combination. Approval of the Charter Proposal is a condition to the consummation of the Business Combination. BLAC encourages stockholders to carefully consider the information set out in the section entitled “ Proposal No. 2 — The Charter Proposal” and the full text of the Second Amended and Restated Certificate of Incorporation of BLAC, attached hereto and incorporated herein as Annex F. Advisory Governance Proposals BLAC will ask its stockholders to consider and vote, on a non -bindingadvisory basis, upon six separate governance proposals relating to material differences between BLAC’s Current Charter and Current Bylaws, on the one hand, and the Amended Charter and Amended Bylaws to be in effect upon the completion of the Business Combination, on the other hand, in accordance with the requirements of the SEC. These proposals include (a) changing BLAC’s name to “OSR Holdings, Inc.,” (b) increasing the number of share of preferred stock authorized for issuance from 1,000,000shares to 20,000,000shares, (c) providing that directors may be removed by the affirmative vote of the holders of at least 66 2