Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 101

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 101
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 receive $20million in cash at the closing of the Business Combination and BLAC will not meet the Minimum Cash Condition for closing of the Business Combination. New OSR Holdings will be insolvent at the closing of the Business Combination and will not have enough cash to fund its operations or pay its outstanding expenses and debts unless and until the PIPE Investment closes. BLAC believes the PIPE Investment will close by February28, 2025, but there is no guarantee that the PIPE Investment close by such date or that it will ever close. If New OSR Holdings is unable to close the PIPE Investment or secure additional financing within a short period of time following the closing of the Business Combination, OSR Holdings could face claims from creditors that could cause New OSR Holdings to be subject to voluntary or involuntary bankruptcy proceedings, in which case, the value of the stock and warrants of New OSR Holdings would likely be worthless. The Sponsor and BLAC’s directors and officers have interests that are different from or that conflict with the interests of BLAC’s stockholders and that may have influenced their analysis of whether the Business Combination with OSR Holdings is appropriate as BLAC’s initial business combination. Such interests include that the Sponsor will lose its entire investment in BLAC if the Business Combination is not completed. When you consider the recommendation of BLAC’s Board in favor of approval of the Business Combination, you should keep in mind that BLAC’s directors and officers have interests in the Business Combination that are different from, or in addition to, your interests as a stockholder. These interests include, among other things: •the fact that the Sponsor has agreed not to redeem any shares of BLAC Common Stock held by it in connection with a stockholder vote to approve a proposed initial business combination (the Sponsor was not granted any consideration or incentive to agree not to redeem any shares of BLAC Common Stock held by it in connection with a stockholder vote to approve the Business Combination); •the fact that the Sponsor paid an aggregate of $25,000 (or $0.014 per share) for 1,725,000shares of BLAC Common Stock, which will have a significantly higher value at the time of the Business Combination. If unrestricted and freely tradable, such shares would have had an aggregate market value of $20,010,000 based upon the closing price of $11.60 per share of BLAC Common Stock on Nasdaq on January27, 2025, the most recent practicable date prior to the date of this proxy statement and an aggregate