Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 326

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 326
---
 Common Stock will not sign any Joinder and such shares will remain outstanding and not be subject to any contractual put or call rights, or other conversion rights, with or into BLAC Common Stock. At Closing, the Non -ParticipatingCompany Stockholders will continue to hold their shares of OSR Holdings Common Stock subject to the terms of the Non -ParticipatingStockholder Joinders that contain put and call rights whereby the Non -ParticipatingCompany Stockholder shall have the right to cause BLAC to purchase and BLAC shall have the right to cause the Non -ParticipatingCompany Stockholder to sell to BLAC or its designee all of the shares of OSR Holdings Common Stock owned and held of record by such Non -ParticipatingCompany Stockholder. These rights become exercisable on or after the earlier of (i) January 1, 2026, or (ii) the date that the Non -ParticipatingCompany Stockholder is notified by BLAC of a transaction that will result in a change in control (as defined in the Non -ParticipatingStockholder Joinder) of BLAC (the “Trigger Date”). The Put Right and Call Right terminate and expire 120 days after the Trigger Date. The exchange ratio is fixed under the put/call rights at the same exchange ratio set forth in the Business Combination Agreement, and there is no option for cash settlement. 194 Pursuant to the Share Exchange: (i) the Participating Company Stockholders shall transfer and convey all of the shares of OSR Holdings Common Stock held by the Participating Company Stockholders to BLAC, in each case, free and clear of any claims or interest of any person previously entitled thereto; (ii) BLAC shall effect the transfer and conveyance of all of the shares of BLAC Common Stock representing the Aggregate Participating Consideration to the Participating Company Stockholders, in each case, free and clear of any claims or interest of any person previously entitled thereto; (iii) any fractional share of BLAC Common Stock that would otherwise be issuable to a Participating Company Stockholder following such exchange shall be rounded up or down to the nearest whole share of BLAC Common Stock; and (iv) all OSR Holdings Common Stock held by Non -ParticipatingCompany Stockholders will not be exchanged for shares of BLAC Common Stock at Closing, and such OSR Holdings Common Stock will be subject to the terms of the Non -ParticipatingStockholder Joinder, including the Put