Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 82

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 82
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 “ Management Following the Business Combination” for more information. Proposals to be put to the Stockholders of BLAC at the BLAC Stockholders’ Meeting The following is a summary of the proposals to be put to the BLAC Stockholders’ Meeting. Each of the proposals below, except the Advisory Governance Proposals and the Adjournment Proposal, is cross -conditionedon the approval of other proposals. The Advisory Governance Proposals and the Adjournment Proposal are not conditioned upon the approval of any other proposal set forth in this proxy statement/prospectus. The transactions contemplated by the Business Combination Agreement will be consummated only if the Condition Precedent Proposals are approved at such special meeting. Business Combination Proposal As discussed in this proxy statement/prospectus, BLAC is asking its stockholders to approve the Business Combination. On the Closing Date, in accordance with the terms and subject to the conditions of the Business Combination Agreement, (i) the Participating Company Stockholders will transfer their respective shares of OSR Holdings Common Stock to BLAC in exchange for shares of BLAC Common Stock, and (ii) the Non -ParticipatingCompany Stockholders will continue to hold their shares of OSR Holdings Common Stock subject to their Non -ParticipatingStockholder Joinders entered into with BLAC on or before the Closing Date. Upon consummation of the Share Exchange, BLAC will directly own at least 60% of the shares of OSR Holdings Common Stock. In addition, it is expected that holders of up to an additional 28% of the shares of OSR Holdings Common Stock will enter into Non -ParticipatingStockholder Joinders, giving BLAC direct ownership or rights to acquire up to 88% of the shares of OSR Holdings Common Stock on the Closing Date. 36 Pursuant to the terms of the Non -ParticipatingStockholder Joinders, BLAC will have rights to acquire the shares of the Non -ParticipatingCompany Stockholders. The Non -ParticipatingStockholder Joinder contains put and call rights for the Non -ParticipatingCompany Stockholder and BLAC, respectively, whereby the Non -ParticipatingCompany Stockholder shall have the right to cause BLAC to purchase and BLAC shall have the right to cause the Non -ParticipatingCompany Stockholder to sell to BLAC or its designee all of the shares of OSR Holdings Common Stock owned and held of record by such Non -ParticipatingCompany Stockholder. These rights become