Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 280

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 280
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 Combination, the negotiations regarding the purchase price adjustment were not quantitative, were generally high level in nature, and reflected what the parties ultimately agreed was a fair and equitable adjustment based on the changed circumstances and revised transaction dynamics such as the fact that OSR Holdings, and therefore the post -combinationcompany, would no longer benefit from the assets and human capital of LBV. After due and careful consideration, the BLAC M&A Committee determined that it is advisable and in the best interests of BLAC and its stockholders for the BLAC Board to authorize and approve the Amended and Restated Business Combination Agreement. 166 Following the meeting of the BLAC M&A Committee, the full BLAC Board met, with all members participating. The BLAC Board determined that the Amended and Restated Business Combination Agreement and other transaction contemplated thereby are advisable and fair to and in the best interests of BLAC and its stockholders and it authorized and approved the Amended and Restated Business Combination Agreement and the transactions contemplated thereby. May 23, 2024 BLAC and OSR Holdings executed the Amended and Restated Business Combination Agreement, which included the following changes relative to the Business Combination Agreement executed on November 16, 2023: (i) the removal of references to the proposed acquisition by OSR Holdings of LBV, and incidental changes related thereto; (ii) a reduction in the Aggregate Consideration from 25,033,961shares of BLAC Common Stock to 24,461,214shares of BLAC Common Stock; (iii) a reduction in the Aggregate Consideration Value from $250,339,610 to $244,612,136; and (iv) changes to the designation of the post -closingboard of directors of BLAC. December 20, 2024 BLAC and OSR Holdings executed the First Amendment to the Amended and Restated Business Combination Agreement, which included a change to the Form of Non -ParticipatingStockholder Joinder to provide that the Put Right and Call Right set forth therein terminate and expire 120 days after the Trigger Date. December 21, 2024 The BLAC M&A Committee met to discuss the recent termination of the distribution agreement between Penumbra and RMC. The BLAC M&A Committee discussed the rationale and implications of the termination of the agreement on the overall business and valuation of OSR Holdings in the context of the Business Combination, and determined that any implication that the Penumbra termination may have on the Business Combination would be limited to