Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 110

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 110
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AC stockholders, BLAC will inform such stockholders of the amendment or waiver by press release or other public communication. In the event that BLAC, OSR Holdings and the other parties to the Business Combination Agreement authorize an amendment to the Business Combination Agreement, or waive any closing condition to the Business Combination, that is material and otherwise requires further approval by the BLAC stockholders, a proxy supplement or an amended proxy statement/prospectus would be delivered to such stockholders and proxies would be re -solicitedfor approval of such amendment or such waiver of a closing condition. The parties to the Business Combination Agreement may waive one or more of the closing conditions to the Business Combination. The parties to the Business Combination Agreement may agree to waive, in whole or in part, some of the closing conditions to its or their obligations to complete the Business Combination to the extent permitted by applicable laws, and, in the case of BLAC, to the extent permitted by its Current Charter. The waiver of closing conditions in favor of BLAC and its stockholders could adversely affect BLAC, its stockholders, and the post -combinationcompany. See the section titled “ The Business Combination Agreement — General — Conditions to Closing the Business Combination.” As of the date of the filing of the proxy statement/prospectus, BLAC does not expect to meet the Minimum Available Cash Condition and, as a result, OSR Holdings has indicated it will waive this condition to closing of the Business Combination. If we are unable to consummate a business combination, any loans made by the Sponsor, BLAC’s officers and directors, and its or their affiliates may not be repaid, resulting in a potential conflict of interest in determining whether a potential transaction is in our stockholders’ best interest. In order to meet our working capital needs, the Sponsor, BLAC’s directors and officers, and its and their affiliates have loaned BLAC funds, in an aggregate amount of $2,245,000. The loans are non -interestbearing and certain of the loans are payable in full on the earlier of (i) each loan’s maturity date or (ii) the date on which BLAC consummate an initial business combination and certain of the loans are payable on each loan’s maturity date. If BLAC fails to consummate a business combination within the required time period, the loans may not be repaid. 55 Consequently, the Sponsor, BLAC’s officers and directors, and its and their affiliates have a conflict of interest in determining whether the terms, conditions and timing