Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 114

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 114
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mate the Business Combination because it does not have sufficient funds available, BLAC will be forced to cease operations and liquidate the Trust Account. Consequently, holders of shares of BLAC Common Stock may receive less than $10.175 per share and their warrants and rights will expire worthless. 57 If the conditions to the Business Combination Agreement are not met, the Business Combination may not occur. The completion of the Business Combination is subject to a number of conditions. The completion of the Business Combination is not assured and is subject to risks. Even if the Business Combination is approved by the stockholders of BLAC, specified conditions must be satisfied or waived before the parties to the Business Combination Agreement are obligated to complete the Business Combination. For a list of the material closing conditions contained in the Business Combination Agreement, see the section titled “ The Business Combination Agreement — General — Conditions to Closing the Business Combination.” BLAC and OSR Holdings may not satisfy all of the closing conditions in the Business Combination Agreement. If the closing conditions are not satisfied or waived, the Business Combination will not occur, or will be delayed pending later satisfaction or waiver, and such delay may cause OSR Holdings and BLAC to each lose some or all of the intended benefits of the Business Combination. BLAC may waive one or more of the conditions to the Business Combination without resoliciting stockholder approval for the Business Combination. If the Business Combination is approved by stockholders, BLAC may agree to waive, in whole or in part, some of the conditions to its obligations to complete the Business Combination, to the extent permitted by applicable laws. The BLAC Board will evaluate the materiality of any waiver to determine whether amendment of this proxy statement/prospectus and resolicitation of proxies is warranted. In some instances, if the BLAC Board determines that a waiver is not sufficiently material to warrant resolicitation of stockholders, BLAC has the discretion to complete the Business Combination without seeking further stockholder approval. For example, it is a condition to BLAC’s obligations to close the Business Combination that there be no applicable law and no injunction or other order restraining or imposing any condition on the consummation of the Business Combination; however, if the BLAC Board determines that any such order or injunction is not material to the business of OSR Holdings, then the BLAC Board may elect to waive that condition without seeking further stockholder approval and close the Business Combination. BLAC’s principal stockholders and management own a significant percentage of BLAC Common Stock and are able to exert significant