Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 478

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 478
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 “OSR Holdings, Inc.” while OSR Holdings will become a majority owned subsidiary of the BLAC. In the event that the Business Combination is not consummated by the Termination Date, BLAC’s corporate existence will cease and BLAC will distribute the proceeds held in the Trust Account to its Public Stockholders. Redemption Rights for Holders of Public Shares BLAC is providing its Public Stockholders with redemption rights upon consummation of the Business Combination. Public Stockholders electing to exercise their redemption rights will be entitled to receive the cash amount specified in the proxy statement/prospectus, provided that such stockholders follow the specific procedures for redemption set forth in this proxy statement/prospectus relating to the shareholder vote on the Business Combination. BLAC’s Public Stockholders are not required to vote against the Business Combination in order to exercise their redemption rights. If the Business Combination is not completed, then Public Stockholders electing to exercise their redemption rights will not be entitled to receive such payments. The Sponsor, BLAC’s officers and directors and their respective affiliates agreed, at the time of the IPO, in order to induce the underwriters of the IPO to enter into the underwriting agreement and for no additional separate consideration, to vote their shares of BLAC Common Stock in favor of the Business Combination and to waive their redemption rights with respect to any capital stock they may hold in connection with the consummation of the Business Combination. However, any shares of BLAC Common Stock acquired outside of the redemption offer set forth in this proxy statement/prospectus will not be voted in favor of approving the Business Combination Proposal and also will not carry redemption rights. See the section titled “ The Business Combination — Potential Actions to Secure Requisite Stockholder Approval — Potential Purchases of Public Shares.” Limitation on Redemption Rights Notwithstanding the foregoing, the Current Charter provides that a public stockholder, together with its affiliates or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from exercising redemptions with respect to an aggregate of 15% or more of the shares sold in BLAC’s IPO. 303 Employees BLAC currently has no full -timeemployees and does not intend to have any full -timeemployees prior to consummation of the Business Combination. Each of BLAC’s executive officers and directors is engaged in other business endeavours and is not obligated to contribute any specific number of hours per week to BLAC’s affairs,