Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 59

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 59
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 Date”). Interest is payable only on maturity. The following events constitute an event of default under the OSR Holdings Promissory Note: (i) a failure to pay the outstanding balance due within five (5) business days of the OSR Note Maturity Date and (ii) the commencement of a voluntary or involuntary bankruptcy action. The funds are to be used by OSR Holdings for working capital and other expenses of OSR Holdings; and •the fact that BLAC may be entitled to distribute or pay over funds held by BLAC outside the Trust Account to the Sponsor or any of its affiliates prior to the Closing. 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 BLAC Board was aware of and considered these interests, among other matters, in evaluating and negotiating the Business Combination, and in recommending to the BLAC stockholders that they vote in favor of the proposals presented at the BLAC Stockholders’ Meeting, including the Business Combination Proposal. Stockholders should take these interests into account in deciding whether to approve the Business Combination. Please see the sections entitled “ The Business Combination — Interests of BLAC’s Directors and Executive Officers in the Business Combination” and “ Certain BLAC Relationships and Related Person Transactions” for additional information. 20 Q:What happens if I sell my shares of BLAC Common Stock before the BLAC Stockholders’ Meeting? A:The Record Date for the BLAC Stockholders’ Meeting is earlier than the date of such special meeting and earlier than the date that the Business Combination is expected to be completed. If you transfer your public shares after the Record Date, but before such special meeting, unless you grant a proxy to the transferee, you will retain your right to vote at such special meeting. Q:May I change my vote after I have mailed my signed proxy card? A:Yes. Stockholders may send a later dated, signed proxy card to Jun Chul Whang at BLAC’s address set forth below so that it is received prior to the vote at the BLAC Stockholders’ Meeting (which is scheduled to take place on February 13, 2025) or attend such special meeting in person and vote. Stockholders also may revoke their proxy by sending a notice of revocation to Mr. Whang, which must be received prior to the vote at such special meeting. However, if your shares are held in “street name” by your broker