Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 390

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 390
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 the grantee. New Plan Benefits Grants under the Omnibus Plan will be made at the discretion of the Committee, and therefore, the benefits or number of shares subject to awards that may be granted in the future to BLAC’s executive officers, employees and directors is not currently determinable. Therefore, a New Plan Benefits Table is not provided. Vote Required for Approval The Incentive Plan Proposal requires the vote of a majority of the votes cast by the stockholders present in person or represented by proxy at the BLAC Stockholders’ Meeting and entitled to vote thereon. Abstentions and broker non -voteswill have no impact on the outcome of the Incentive Plan Proposal. This Incentive Plan Proposal is conditioned upon the approval of the Business Combination Proposal, the Charter Proposal, the Director Election Proposal and the Nasdaq Proposal. If any of the Business Combination Proposal, the Charter Proposal, the Director Election Proposal or the Nasdaq Proposal is not approved, the Incentive Plan Proposal will not be implemented, even if the Incentive Plan Proposal is approved by our stockholders. Because stockholder approval of this Incentive Plan Proposal is a condition to completion of the Business Combination under the Business Combination Agreement, if this proposal is not approved by our stockholders, the Business Combination will not occur unless we and OSR Holdings waive the applicable closing condition. Recommendation of the Board of Directors OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT OUR STOCKHOLDERS VOTE “FOR” THE INCENTIVE PLAN PROPOSAL. 234 PROPOSAL NO. 5 — THE DIRECTOR ELECTION PROPOSAL Overview Upon the consummation of the Business Combination, we intend for New OSR Holdings’ board of directors to consist of up to nine (9) directors, with each director having a term that expires as described below until the applicable annual meeting of stockholders, or in each case until their respective successors are duly elected and qualified, or until their earlier resignation, removal or death. For more information on the experience of New OSR Holdings’ director nominees, see the section entitled “ Management Following the Business Combination” of this proxy statement/prospectus. If the Business Combination Proposal and each of the Condition Precedent Proposals are approved, each of BLAC’s existing directors will resign upon the closing of the Business Combination. See the section entitled “ Management Following the Business Combination” of this proxy statement for more information. Vote Required for Approval The Director Election Proposal requires the approval of a plurality