Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 81

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 81
---
 held by David J. Yoo, BLAC’s Chief Financial Officer, and (iii) 20,000 private warrants held by each of Dr. Steven Reed and Dr. Inchul Chung. (6)6,300,000 is the maximum number of shares to be reserved for issuance under the Omnibus Plan. (7)The number of shares of BLAC Common Stock that the promissory note converts into is obtained by diving (a) the outstanding principal amount and unpaid accrued interest under the note by (b) eight dollars and ten cents ($8.10). As of the date of this proxy statement, there was an outstanding balance under the promissory note of $800,000. For further details, see “ The Business Combination Agreement — General — Structure of the Transactions.”

34

Organizational Structure Prior to the Business Combination The following diagram shows the current ownership structure of BLAC.

| Pre-IPO BLAC |     | Post-IPO BLAC |

For more information about the ownership interests of our initial stockholders, including the Sponsor, prior to the Business Combination, please see the section entitled “ Beneficial Ownership of Securities.” The following diagram shows the current structure of OSR Holdings: Pre -BCOSR For more information about the ownership interests of OSR Holdings, prior to the Business Combination, please see the section entitled “ Beneficial Ownership of Securities.”

35 After the Business Combination The following diagram shows the structure after the Business Combination: Post -BC ____________ *Assumes holders of 60% of OSR Holdings common stock execute Participating Stockholder Joinders to the Amended and Restated Business Combination Agreement, the minimum amount required thereunder. **Include 4.5% holder of OSR Holdings who will not be participating in the business combination. Board of Directors of New OSR Holdings Following the Business Combination Following the Closing, and assuming that they receive a plurality of the votes cast only by the holders of BLAC Common Stock present in person or represented by proxy at the BLAC Stockholders’ Meeting and entitled to vote thereon, the Board will consist of the following members: Kuk Hyoun Hwang, Jun Chul Whang, Phil Geon Lee, Alcide Barberis, Seng Chin Mah, Jin Whan Park, Sang Hyun Kim, Hyuk Joo Jee, and Joon Myung Cho. In addition, following the Closing, we expect that a majority of the directors will be “independent” under applicable Nasdaq listing rules. See