Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 230

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 230
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, BLAC is expected to be treated as the “acquired” company for financial reporting purposes. Accordingly, OSR Holdings will be deemed to be the accounting acquirer in the Transaction and, consequently, the Transaction is treated as a recapitalization of OSR Holdings. Accordingly, the assets and liabilities and the historical operations that are reflected in the financial statements are those of OSR Holdings and are recorded at the historical cost basis of OSR Holdings. BLAC’s assets, liabilities and results of operations will be consolidated with the assets, liabilities and results of operations of OSR Holdings after consummation of the acquisition. The historical financial statements have been adjusted in the unaudited pro forma condensed combined financial information to reflect transaction accounting adjustments in connection with the Business Combination and related proposed financing transactions. Given that the Business Combination is accounted for as a reverse recapitalization, the direct and incremental transaction costs related to the Business Combination and related proposed financing transactions are deferred and offset against the additional paid -in-capital. The pro forma basic and diluted loss per share amounts presented in the unaudited pro forma condensed combined statements of operations are using the historical weighted average shares outstanding and the issuance of additional shares in connection with the Business Combination, assuming the transaction occurred on January 1, 2023. The unaudited pro forma condensed combined financial information is derived from, and should be read in conjunction with, the historical financial statements and accompanying notes of OSR Holdings and BLAC for the applicable periods included elsewhere in this proxy statement/prospectus, except that the historical balances for OSR Holdings included in the pro forma financial information as of and for the nine months ended September30, 2024 were derived by OSR Holdings’ internal records of its activities during the three months ended September30, 2024 and rolling forward each balance sheet caption from OSR Holdings’ unaudited interim balance sheet as of June30, 2024 included elsewhere in this proxy statement/prospectus. Note 2 — IFRS to U.S. GAAP Reconciliation and Assessment The OSR Holdings’ financial statements have been presented from IFRS to U.S. GAAP. OSR Holdings has assessed for IFRS to U.S. GAAP differences and assessed the following significant and material accounting areas:

| Area                |     | Critical and Material Accounting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Revenue Recognition |     | OSR Holdings recognizes revenue when it transfers control over a good or service to a customer. A five-step process is applied before revenue from