Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 493

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 493
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 redemption amount of $17,045,763, leaving $20,327,120 in the Trust Account immediately after the redemptions and a tax withdrawal by BLAC of $218,857. Additionally, BLAC deposited an extension payment of $50,000 into the Trust Account on each of May 14, 2024, June 13, 2024, July 12, 2024, August 13, 2024, September 10, 2024, and October 11, 2024. Annual Meeting of Stockholders On November 12, 2024, BLAC held an annual meeting of its stockholders (the “BLAC Annual Meeting”). At the BLAC Annual Meeting, BLAC’s stockholders approved two proposals to amend the Current Charter. The stockholders approved a proposal to amend the Current Charter to allow BLAC to extend the date by which BLAC must consummate a business combination from November 14, 2024 to February 14, 2025 (the “Extension Amendment Proposal”). The stockholders also approved a proposal to amend the Current Charter to remove the net tangible asset requirement in order to expand the methods that BLAC may employ so as not to become subject to the “penny stock” rules of the SEC (the “NTA Requirement Amendment Proposal”, and together with the Extension Amendment Proposal, the “BLAC Charter Amendment”). The BLAC Charter Amendment was filed with the Delaware Secretary of State and has an effective date of November 12, 2024. The stockholders also duly elected each of the five (5) existing directors to the BLAC Board until the next annual meeting of stockholders following this annual meeting or until each such director’s successor is elected and qualified, subject to his earlier death, resignation or removal. In connection with the votes to approve the Extension Amendment Proposal and NTA Requirement Amendment Proposal, 1,766,469shares of BLAC common stock were tendered for redemption. Nasdaq Listing Rules Compliance As previously reported by BLAC on Form 8 -Kfiled on June 28, 2023, due to the resignation of a director effective on June 21, 2023, BLAC notified the Listing Qualifications Department of Nasdaq that BLAC was not currently in compliance with Nasdaq Listing Rule 5605(c)(2)(A) (the “Director Listing Rule”). The Director Listing Rule requires an audit committee to be composed of at least three members, each of whom must meet independence requirements under