Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 6

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 6
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daq Stock Market LLC (‘‘Nasdaq’’) and may elect not to comply with certain corporate governance standards of Nasdaq.While New OSR Holdings does not presently intend to rely on these exemptions from certain corporate governance standards of Nasdaq, New OSR Holdings may opt to utilize these exemptions in the future as long as it remains a “controlled company.” See “ Risk Factors — Risks Related to New OSR Holdings Securities — Following the Business Combination, New OSR Holdings will be a controlled company within the meaning of the Nasdaq Listing Rules and, as a result, will qualify for, and may rely on, exemptions from certain corporate governance requirements. Stockholders of New OSR Holdings may not have the same protection afforded to stockholders of companies that are subject to such governance requirements.” Mr. Hwang, having previously served as Chief Executive Officer (from July 2019 until August 2021 and from December 2022 to August 2024) and serving as Chairman of the Board (since July 2019) of OSR Holdings and as the controlling shareholder of Bellevue Capital Management LLC (the parent of the Sponsor, the owner of BCM Europe AG and a significant shareholder of OSR Holdings) has financial interests in OSR Holdings that are different from those of BLAC’s public stockholders and incentivizes him to complete the Business Combination with OSR Holdings. The Business Combination Agreement is subject to the satisfaction or waiver of certain other closing conditions as described in the accompanying proxy statement/prospectus. There can be no assurance that the parties to the Business Combination Agreement would waive any such provision of the Business Combination Agreement. BLAC must complete a Business Combination by February 14, 2025 (subject to extension by approval of the Company’s stockholders). If BLAC does not complete a Business Combination by February 14, 2025 (subject to extension by approval of the Company’s stockholders), BLAC is required by its Amended and Restated Certificate of Incorporation, as amended to (i) cease all operations except for the purposes of winding up, (ii) promptly redeem remaining public shares of BLAC Common Stock, and (iii) subject to the approval of BLAC’s board of directors and its remaining stockholders in accordance with applicable law, dissolve and liquidate On November 9, 2023, at a special meeting of the BLAC stockholders, BLAC stockholders approved an amendment to BLAC’s Amended and Restated Certificate of Incorporation extending the period of time in which BL