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

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 4
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AC (the “Trigger Date”). The Put Right and Call Right terminate and expire 120 days after the Trigger Date. The exchange ratio is fixed under the put/call rights at the same exchange ratio set forth in the Business Combination Agreement, and there is no option for cash settlement. (b)In connection with the Closing, BLAC and certain of the Participating Company Stockholders will enter into lock -upagreements (the “ Lock-Up Agreements”) providing for certain restrictions on transfer applicable to New OSR Holdings Common Stock (the “Lock -UpShares”). Approximately half of the shares of New OSR Holdings Common Stock issued to Participating Company Stockholders will not be subject to a Lock -UpAgreement. The lock -upperiod under the Lock -UpAgreements will expire December 31, 2025. Upon completion of the Business Combination, BLAC anticipates that, assuming that none of BLAC’s public stockholders exercise redemption rights, an aggregate of 14,676,728shares of BLAC Common Stock (or 60% of the Aggregate Consideration (as defined in the Business Combination Agreement) issuable by BLAC pursuant to the Business Combination Agreement) are issued to the Participating Company Stockholders at consummation of the Business Combination, BLAC’s existing stockholders will hold in the aggregate approximately 17.12% of BLAC Common Stock (approximately 4.79% held by the public stockholders and 12.33% held by the Sponsor, the officers and directors of BLAC, their respective affiliates and Chardan Capital Markets, LLC) and OSR Holdings Stockholders will hold approximately 82.32% of BLAC Common Stock. If 82,376 public shares of BLAC Common Stock are redeemed for cash, which assumes a 50% redemption of public shares of BLAC Common Stock, and an aggregate of 14,676,728shares of BLAC Common Stock (or 60% of the Aggregate Consideration issuable by BLAC pursuant to the Business Combination Agreement) is issued to the Participating Company Stockholders at consummation of the Business Combination, BLAC’s existing stockholders will hold in the aggregate approximately 16.73% of BLAC Common Stock (4.35% held by our public stockholders and 12.38% held by the Sponsor, the officers and directors of BLAC, their respective affiliates and Chardan Capital Markets, LLC) and OSR Holdings Stockholders will hold approximately 82.71%