Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 522

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 522
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, other applicable law, the Amended and Restated Certificate of Incorporation, or the Certificate of Designations, holders of Series A Preferred Stock shall not be entitled to any vote on matters submitted to New OSR Holdings’ stockholders for approval. In any case in which the holders of Series A Preferred Stock shall be entitled to vote pursuant to the DGCL, other applicable law, the Amended and Restated Certificate of Incorporation, or the Certificate of Designations, each holder of Series A Preferred Stock entitled to vote with respect to such matter shall be entitled to one vote per share of Series A Preferred Stock. Preemptive Rights Series A Preferred Stock will not be entitled to preemptive or other similar subscription rights to purchase any of New OSR Holdings’ securities. Conversion Rights Each holder of Series A Preferred Stock shall have the option from time to time, exercisable by delivery of written notice to New OSR Holdings, to the extent permitted by applicable law, to convert all or a portion of such holder’s shares of Series A Preferred Stock into Common Stock in an amount equal to the quotient of (i) the Series A Original Issue Price plus all unpaid Accruing Dividends as of the date of the conversion and (ii) the then applicable conversion price, which shall initially be $9.00 and is subject to adjustment. Warrants In connection with BLAC’s IPO, BLAC issued 6,900,000 warrants to purchase an aggregate of 6,900,000 shares of BLAC Common Stock (the “ Public Warrants”). Simultaneously with its IPO, BLAC issued 430,000 warrants to purchase an aggregate of 430,000shares of BLAC Common Stock in a private placement 329 (the “ Private Warrants” and together with the Public Warrants, the “ Warrants”). As of January28, 2025, there were 7,330,000 Warrants outstanding. Each Warrant entitles the registered holder to purchase one share of common stock. The Warrants entitle the holders thereof to purchase shares of New OSR Holdings’ common stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing on 30 days after the completion of the Business Combination. The Warrants have been issued in registered form under a Warrant Agreement between Continental, as warrant agent, and BLAC (the “ Warrant Agreement”). The Private Warrants are identical to the Public Warrants, except that the Private Warrants and the