Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 86

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 86
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/3% of the voting power instead of for cause and by the affirmative vote of holders of a majority of the voting power, (d) eliminating the current limitations on the corporate opportunity doctrine, (e) providing that the quorum required for stockholder meetings is the holders of one -thirdin voting power of the then outstanding shares of capital stock entitled to vote at the meeting instead of the holders of a majority in voting power of the then outstanding shares of capital stock entitled to vote at the meeting, and (f) approving all other changes including eliminating certain provisions related to special purpose acquisition corporations that will no longer be relevant following the Closing. BLAC encourages stockholders to carefully consider the information set out in the section entitled “ Proposals No. 3A – 3F — The Advisory Governance Proposals.” Incentive Plan Proposal Our stockholders are also being asked to approve the Incentive Plan Proposal. Pursuant to the Omnibus Plan, a number of shares of BLAC Common Stock equal to 6,3000,000 of the total number of shares of capital stock of BLAC outstanding after the Closing will be reserved for issuance under the Omnibus Incentive Plan. For additional information, see “ Proposal No. 4 — The Incentive Plan Proposal.” The full text of the Omnibus Plan is attached hereto and incorporated herein as Annex H. 37 Director Election Proposal Our stockholders are also being asked to consider and vote upon a proposal to elect, effective as of, and contingent upon, the consummation of the Business Combination, up to nine (9) persons to serve as directors on New OSR Holdings’ board of directors, 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. See the section entitled “ Proposal No. 5 — The Director Election Proposal” for more information. Nasdaq Proposal Our stockholders are also being asked to consider and vote upon a proposal to approve, for purposes of complying with the applicable listing rules of The Nasdaq Stock Market LLC, the issuance of shares of BLAC common stock pursuant to the Business Combination Agreement in connection with the Business Combination. For additional information, see “ Proposal No. 6 — The Nasdaq Proposal.” Adjournment Proposal The BLAC Board may submit a proposal to consider and vote upon a proposal to approve the adjournment of the BLAC Stockholders’ Meeting to a later date or dates. For additional information, see “ Proposal No.