Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 309

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 309
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 Holdings’ business; •the risk associated with macroeconomic uncertainty and the effects it could have on OSR Holdings’ revenues; 183 •the Business Combination Agreement prohibits BLAC from soliciting or engaging in discussions regarding alternative transactions during the pendency of the Business Combination; •risks and costs to BLAC if the Business Combination is not completed, including the risk of liquidation; •potential changes in the regulatory landscape or new industry developments, including changes in client preferences, may adversely affect the business benefits anticipated to result from the Business Combination; •the risks that are associated with being a publicly traded company that is in its early, developmental stage; •the Current Charter contains a waiver of the corporate opportunity doctrine, and, although we are not aware of any, there could have been business combination targets that would have been appropriate for a combination with BLAC but were not offered due to a BLAC director’s or officer’s duties to another entity. BLAC and its management are not aware of any such corporate opportunities not being offered to BLAC and do not believe that the waiver of the corporate opportunity doctrine in the Current Charter interfered with BLAC’s ability to identify an acquisition target, including the decision to pursue the Business Combination with OSR Holdings; and •risks of the type and nature described under the section entitled “ Risk Factors.” Following the review and consideration of all of the information presented and made available, the BLAC M&A Committee and the BLAC Board unanimously determined that the Business Combination Agreement and the Business Combination, were advisable, fair to, and in the best interests of BLAC and its stockholders. The above discussion of the material factors considered by the BLAC M&A Committee is not intended to be exhaustive but does set forth the principal factors considered by the BLAC M&A Committee in deciding to approve the Business Combination and recommend that the BLAC Board approve the Business Combination. As further described below, the BLAC M&A Committee did not obtain a fairness opinion prior to its decision to approve the Business Combination. However, the closing of the Business Combination is conditioned on the receipt of a fairness opinion, as required by BLAC’s Amended and Restated Certificate of Incorporation. The officers and directors of BLAC, including the members of the BLAC M&A Committee, have substantial experience in evaluating the operating and financial merits of companies from a wide range of industries and concluded that their experience and background enabled them to make the necessary analyses and determinations regarding the Business Combination, as described herein, prior to receiving a fairness opinion,