Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 131

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 131
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 public stockholders who do elect to have BLAC redeem their public shares, the number of shares of BLAC stock issued or issuable to the PIPE Investors or pursuant to promissory notes (and convertible into New OSR Holdings Common Stock), warrant exercises, conversion of rights into common stock and equity incentives issuable pursuant to the Omnibus Plan. As such, BLAC public stockholders who do not demand that BLAC redeem their public shares of BLAC Common Stock will experience immediate and material dilution upon closing of the Business Combination. New OSR Holdings does not intend to pay dividends on its common stock so any returns will be limited to the value of our stock. New OSR Holdings currently anticipates that it will retain future earnings for the development, operation and expansion of New OSR Holdings’ business and does not anticipate declaring or paying any cash dividends for the foreseeable future. Furthermore, future debt or other financing arrangements may contain terms prohibiting or limiting the amount of dividends that may be declared or paid on New OSR Holdings’ Common Stock. Any return to stockholders will therefore be limited to the appreciation of their stock. BLAC’s current stockholders will have a reduced ownership and voting interest in New OSR Holdings after the Business Combination and will exercise less influence over management of New OSR Holdings and its business. Upon the issuance of the shares of BLAC Common Stock to OSR Holdings Stockholders, current BLAC stockholders’ percentage ownership will be diluted. Assuming no remaining public stockholders exercise their redemption rights, and excluding the shares owned by BLAC’s sponsor, directors, officers and their respective affiliates, current BLAC public stockholders’ percentage ownership in New OSR Holdings immediately after Closing and following the issuance of shares of BLAC Common Stock to New OSR Holdings stockholders would be 4.79%. Assuming 50% of public shares of BLAC Common Stock that could be demanded to be redeemed is redeemed in connection with the Business Combination, and excluding the shares owned by BLAC’s sponsor, directors, officers and their respective affiliates, current BLAC public stockholders’ percentage ownership in New OSR Holdings following the issuance of shares of stock to New OSR Holdings stockholders would be 4.35%. Assuming that the maximum number of BLAC Common Stock that could be demanded to be redeemed are redeemed in connection with the Business Combination, and excluding the shares owned by BLAC’s sponsor, directors, officers and their respective affiliates, current BLAC public stockholders’ percentage ownership in New OSR Holdings following the issuance of