Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 14

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 14
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 phone number and address to Continental in order to have BLAC validly redeem its public shares. Public stockholders may elect to cause BLAC to redeem their public shares of BLAC Common Stock even if they vote “for” the Business Combination Proposal. If the Business Combination is not approved and consummated, the public shares of BLAC Common Stock elected to be redeemed will be returned to the respective holder, broker or bank. If the Business Combination is consummated, and if a public stockholder properly exercises its right to redeem all or a portion of the public shares of BLAC Common Stock that it holds and timely delivers its share certificates (if any) to Continental, BLAC will redeem such public shares for a per share price, payable in cash, equal to the pro rata portion of the Trust Account established at the consummation of BLAC’s initial public offering, including any interest earned on the funds held in the Trust Account net of interest that is used by BLAC to pay its franchise taxes and income taxes payable, calculated as of two business days prior to the consummation of the Business Combination. For illustrative purposes, based on 164,752 public shares of BLAC Common Stock subject to possible redemption as of January 28, 2025 and including interest and prior to the payment of taxes, this would have amounted to approximately $11.25 per issued and outstanding public share of BLAC Common Stock. If a public stockholder exercises its redemption rights in full, then it will be electing to cause BLAC to redeem its public shares of BLAC Common Stock for cash and will no longer own public shares. The redemption will take place promptly following the consummation of the Business Combination. See “ The BLAC Stockholders’ Meeting — Redemption Rights and Procedures” in the accompanying proxy statement/prospectus for a detailed description of the procedures to be followed if you wish to redeem your public shares of BLAC Common Stock for cash. Notwithstanding the foregoing, a public stockholder, together with any affiliate of such public stockholder or any other person with whom such public stockholder is acting in concert or as a “group” (as defined in Section 13 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”)), will be restricted from seeking redemption rights with respect to more than an aggregate of 15% of the public shares of BLAC Common Stock without the prior consent of BLAC. Accordingly, if a public stockholder, alone or acting in concert or as