Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 123

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 123
---
 than the redemption price set forth in this proxy statement/prospectus. A BLAC public stockholder should consult his, her or its own tax and/or financial advisor for assistance on how this may affect his, her or its individual situation. BLAC’s Initial Stockholders have agreed to vote their shares in favor of the Business Combination, regardless of how BLAC’s Public Stockholders vote. The Business Combination Proposal requires the approval of the affirmative vote of the holders of a majority of the shares of BLAC Common Stock outstanding, present and entitled to vote at the special meeting. In connection with the Business Combination, the holders of BLAC’s Common Stock issued prior to the IPO and in the private placement including the Sponsor, and those who received BLAC Common Stock and BLAC Warrants from the Sponsor, including David J. Yoo, BLAC’s Chief Financial Officer, Jin Whan Park, a current director of BLAC, and Steven Reed, In Chul Chung, Radclyffe Roberts, and Hosun Euh, former directors of BLAC, have agreed to vote those shares in favor of the Business Combination. Those shares of BLAC Common Stock referred to in the prior sentence constitute, collectively, approximately 92.9% of the issued and outstanding shares of BLAC Common Stock as of [•], 2025. Accordingly, BLAC will not need the affirmative vote of any shares of BLAC Common Stock held by public stockholders (assuming only a quorum is present at the BLAC Stockholders’ Meeting) to approve the Business Combination. Each of Dr. Reed, Dr. Roberts, Dr. Chung, Mr. Euh, Mr. Park and Mr. Yoo obtained their shares in exchange for their services provided as directors or executive officers of BLAC and were not provided with any other consideration for their agreement to vote their shares in favor of the Business Combination. 62 If the Adjournment Proposal is not approved and either an insufficient number of votes have been obtained to approve the Condition Precedent Proposals or the Minimum Available Cash Condition has not been waived by OSR Holdings, the BLAC Board may not have the ability to adjourn the BLAC Stockholders’ Meeting to a later date and, therefore, the necessary approvals may not be obtained, and, therefore, the Business Combination may not be consummated. The Adjournment Proposal, if presented to and adopted by BLAC stockholders, will allow the BLAC Board to adjourn the BLAC Stockholders’ Meeting to a later date