Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 390

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 390
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 entitled “ Management Following the Business Combination” of this proxy statement/prospectus. If the Business Combination Proposal and each of the Condition Precedent Proposals are approved, each of BLAC’s existing directors will resign upon the closing of the Business Combination. See the section entitled “ Management Following the Business Combination” of this proxy statement for more information. Vote Required for Approval The Director Election Proposal requires the approval of a plurality of the votes cast by the holders of BLAC Common Stock present in person or represented by proxy at the BLAC Stockholders’ Meeting and entitled to vote thereon. A nominee must receive a plurality of all the votes cast only by holders of BLAC Common Stock at the BLAC Stockholders’ Meeting, which means that the nominees with the most votes (up to a total of nine (9)) are elected. Withholding authority to vote shares with respect to one or more director nominees will have no effect on the election of these nominees. Broker non -voteswill have no effect on the election of the nominees. The Director Election Proposal is conditioned on the approval and completion of the Business Combination Proposal, and the approval of the other Condition Precedent Proposals. If any of the Business Combination Proposal or the other Condition Precedent Proposals are not approved, the nominees elected by the Director Election Proposal will not become directors even if the Director Election Proposal is approved by our stockholders. The Director Election Proposal is a condition to completion of the Business Combination under the Business Combination Agreement. Accordingly, if this proposal is not approved by BLAC’s stockholders, the Business Combination will not occur unless BLAC and OSR Holdings waive the applicable closing condition. Resolution to be Voted Upon The full text of the resolution to be passed is as follows: “RESOLVED, that Kuk Hyoun Hwang, Jun Chul Whang, Phil Geon Lee, Alcide Barberis, Seng Chin Mah, Jin Whan Park, Sang Hyun Kim, Hyuk Joo Jee and Joong Myung Cho are elected to serve on New OSR Holdings’ board of directors upon the consummation of the Business Combination, until the expiration of their applicable term, and until their respective successors are duly elected and qualified or until their earlier resignation, removal or death.” Recommendation of the Board of Directors OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT OUR STOCKHOLDERS VOTE “FOR” THE ELECTION OF EACH OF THE NINE (9) DIRECTOR NOMINEES TO