Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 122

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 122
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 even while other stockholders that did not demand that BLAC redeem their public shares may be able to sell their securities. 61 If, before distributing the proceeds in the Trust Account to the public stockholders, BLAC files a bankruptcy or insolvency petition or an involuntary bankruptcy or insolvency petition is filed against BLAC that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of BLAC investors and the per-share amount that would otherwise be received by BLAC investors in connection with BLAC’s liquidation may be reduced. If, before distributing the proceeds in the Trust Account to public stockholders, BLAC files a bankruptcy or insolvency petition or an involuntary bankruptcy or insolvency petition is filed against BLAC that is not dismissed, the funds held in the Trust Account could be subject to applicable bankruptcy law, and may be included in BLAC’s bankruptcy estate and subject to the claims of third parties with priority over the claims of BLAC’s public stockholders. To the extent any bankruptcy claims deplete the funds held in the Trust Account, the per -shareamount that would otherwise be received by BLAC’s public stockholders upon the redemption of their public shares in connection with BLAC’s liquidation may be reduced. There is no guarantee that a BLAC public stockholder’s decision to redeem its public shares for a pro rata portion of funds held in the Trust Account will put the stockholder in a better future economic position. BLAC can give no assurance as to the price at which a BLAC public stockholder may be able to sell the shares of New OSR Holdings Common Stock in the future following the completion of the Business Combination or sell shares of BLAC Common Stock following the completion of any alternative business combination. Certain events following the consummation of any initial business combination, including the Business Combination, may cause an increase in the stock price of BLAC Common Stock (or New OSR Holdings Common Stock in the case of the Business Combination), and may result in a lower value realized now than a public stockholder might realize in the future had the stockholder not elected to have BLAC redeem its public shares. Similarly, if a BLAC public stockholder does not elect to have BLAC redeem its public shares, the stockholder will bear the risk of ownership of New OSR Holdings Common Stock after the consummation of the Business Combination, and there can be no assurance that a stockholder will be able sell its shares of New OSR Holdings Common Stock in the future for a greater amount