Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 392

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 392
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 price that is less than the greater of book or market value of the stock if the number of shares of common stock to be issued is or may be equal to 20% or more of the common stock, or 20% or more of the voting power, outstanding before the issuance. Effect of Proposal on Current Stockholders If the Nasdaq Proposal is adopted, we will issue up to 24,461,214shares of BLAC Common Stock in connection with the Business Combination. The issuance of the shares of BLAC Common Stock described above would result in significant dilution to BLAC stockholders and result in BLAC stockholders having a smaller percentage interest in the voting power, liquidation value and aggregate book value of BLAC. Vote Required for Approval The Nasdaq 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. 236 This Nasdaq Proposal is conditioned upon the approval of the Business Combination Proposal, the Charter Proposal, the Incentive Plan Proposal and the Director Election Proposal. If any of the Business Combination Proposal, the Charter Proposal, the Incentive Plan Proposal or the Director Election Proposal is not approved, the Nasdaq Proposal will not be implemented, even if the Nasdaq Proposal is approved by our stockholders. Because stockholder approval of this Nasdaq 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 NASDAQ PROPOSAL. 237 PROPOSAL NO. 7 — THE ADJOURNMENT PROPOSAL The Adjournment Proposal, if adopted, will approve the adjournment of the BLAC Stockholders’ Meeting to a later date or dates to the extent necessary (i) to ensure that any required supplement or amendment to the accompanying proxy statement/prospectus is provided to the BLAC stockholders, (ii) to permit further solicitation and vote of proxies if there are insufficient votes for, or otherwise in connection with, the approval of the Condition Precedent Proposals, or (iii), if as of the