Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 505

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 505
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 the date on which BLAC consummates an initial business combination (the “JCW Note Maturity Date”). In the event that BLAC does not consummate a business combination on or prior to the time provided in the Current Charter (as subject to extension), Mr. Whang agrees to forgive the principal balance of the JCW Note, except to the extent of any funds remaining outside of BLAC’s Trust Account, if any. The following shall constitute an event of default: (i) a failure to pay the principal within five business days of the JCW Note Maturity Date and (ii) the commencement of a voluntary or involuntary bankruptcy action. The JCW Note was amended and restated on September 20, 2024 to extend the JCW Note Maturity Date to the earlier of: (i) March 31, 2025 or (ii) the date on which BLAC consummates an initial business combination. As of the date of this proxy statement/prospectus, the outstanding balance of the JCW Note is $75,000. On March 8, 2024, BLAC issued an unsecured promissory note (the “JP Note”) in the principal amount of $60,000 to Josh Pan, a member of Bellevue Capital Management LLC. The JP Note is not interest bearing and is payable in full on the earlier of: (i) August 8, 2024 or (ii) the date on which BLAC consummates an initial business combination (the “JP Note Maturity Date”). In the event that BLAC does not consummate a business combination on or prior to the time provided in the Current Charter (as subject to extension), Mr. Pan agrees to forgive the principal balance of the JP Note, except to the extent of any funds remaining outside of BLAC’s Trust Account, if any. The following shall constitute an event of default: (i) a failure to pay the principal within five business days of the JP Note Maturity Date and (ii) the commencement of a voluntary or involuntary bankruptcy action. The JP Note was amended and restated on September 20, 2024 to extend the JP 319 Note Maturity Date to the earlier of: (i) March 31, 2025 or (ii) the date on which BLAC consummates an initial business combination. As of the date of this proxy statement/prospectus, the outstanding balance of the JP Note is $60,000. On April 8, 2024,