Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 510

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 510
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 days of the OSR Note Maturity Date and (ii) the commencement of a voluntary or involuntary bankruptcy action. The funds are to be used by OSR Holdings for working capital and other expenses of OSR Holdings. As of the date of this proxy statement/prospectus, the outstanding balance of the OSR Holdings Promissory Note is $300,000. Administrative Service Fee Beginning on March 1, 2023, BLAC agreed to pay an affiliate of members of the Sponsor a total of $7,500 per month for office space, utilities, secretarial and administrative support. Upon completion of the Business Combination or BLAC’s liquidation, BLAC will cease paying these monthly fees. Registration Rights The holders of the founder shares, equity participation shares, Private Placement Units, and Units that may be issued upon conversion of working capital loans (and in each case holders of their component securities, as applicable) have registration rights to require BLAC to register a sale of any of BLAC’s securities held by them pursuant to a registration rights agreement signed at the closing of the BLAC IPO. These holders will be entitled to make up to two demands, excluding short form registration demands, that BLAC register such securities for sale under the Securities Act. In addition, these holders will have “piggy -back” registration rights to include their securities in other registration statements filed by us. Chardan may not exercise its demand and “piggyback” registration rights after five and seven years, respectively, after the effective date of the BLAC IPO registration statement and may not exercise its demand rights on more than one occasion. Deferred Underwriting Fee Chardan is entitled to a deferred underwriting commission of $2,070,000. The amount of deferred underwriting fees to which Chardan is entitled will not be adjusted to account for redemptions of shares of BLAC Common Stock by the public stockholders. Accordingly, the amount of the effective deferred underwriting fee due upon consummation of the Business Combination as a percentage of the aggregate proceeds remaining in the Trust Account will increase as the number of public shares of BLAC Common Stock redeemed increases. The effective deferred underwriting fee due upon consummation of the Business Combination as a percentage of the aggregate proceeds remaining in the Trust Account of approximately $1,800,000 as of the date of the proxy statement/prospectus is 115%, 230%, and an incalculable percentage, assuming no redemptions, 50% redemptions, and