Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 504

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 504
---
BCM Europe Note”). The proceeds of the BCM Europe Note were used to fund BLAC’s Sponsor’s purchase of the Private Placement Units. The BCM Europe Note is convertible at the election of either the Sponsor or BCME into (i) 310,000 Units identical to the Private Placement Units held by the Sponsor, (ii) 370,000 founder shares held by the Sponsor, and (iii) 60,000 warrants held by the Sponsor. The BCM Europe Note was amended on March 27, 2024 to extend the maturity date to the earlier of (i) December 31, 2024 or (ii) the date on which BLAC consummates a Business Combination. Additionally, on February 2, 2023, BLAC’s Sponsor entered into a promissory note with BCME in the principal amount of $2,000,000 with a maturity date of February 2, 2024 (the “BCM Europe Note 2023”). The proceeds of the BCM Europe Note 2023 were used to fund expenses in connection with BLAC’s initial business combination. The BCM Europe Note 2023 is not convertible into any BLAC securities held by the Sponsor. The BCM Europe Note 2023 was amended on April 12, 2024 to extend the maturity date to the earlier of (i) December 31, 2024 or (ii) the date on which BLAC consummates a Business Combination. As of the date of the proxy statement/prospectus, the outstanding balance of the BCM Europe Note and the BCM Europe Note 2023 is $4,700,000. The Sponsor had loaned to BLAC $1,200,000 under promissory notes which was used to pay a portion of the expenses of BLAC’s IPO. These loans were non -interestbearing, unsecured and were due at the earlier of November 29, 2023 or the closing of BLAC’s IPO. At the closing of BLAC’s IPO, the promissory notes were deemed to be repaid and settled in connection with the private placement. Related Party Loans In order to finance transaction costs in connection with an initial business combination, the Sponsor or an affiliate of the Sponsor, or certain of BLAC’s officers and directors have made and may, but are not obligated to, make Working Capital Loans. If BLAC completes an initial business combination, BLAC would repay the Working 318 Capital Loans out of the Trust Account released to BLAC. In the event that