Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 260

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 260
---
 was willing to have a discussion with Mr. Hwang. March 30, 2023 On March 30, 2023, BLAC and OSR Holdings executed a Confidentiality Agreement (signed by Mr. Yu as COO and Director of OSR Holdings and Jin Whan Park as Director of BLAC) covering discussions for a possible business combination between BLAC and OSR Holdings. April 3, 2023 On April 3, 2023, in attendance at OSR Holdings’ weekly Monday morning meeting were Mr. Hwang and OSR Holdings executives Sung Hoon Chung, Sung Jae Yu, Soo Eun Nam, Yeiseok Kim and Taemin Lee. Mr. Hwang had returned to Seoul a few days before from an extended business trip to Switzerland, New York City and Seattle, and informed the OSR Holdings members that BLAC had a productive meeting with a potential target (Company A) for a business combination with BLAC in New York City, and that there were other companies with whom information had been exchanged through BLAC’s network of individuals, investment banks, and others. Mr. Hwang also told OSR Holdings members that since a Confidentiality Agreement had been executed, BLAC would further explore a business combination with OSR Holdings. Over the next several days, Mr. Hwang had informal meetings and conversations with OSR Holdings members regarding the possibility of a business combination with BLAC. April 5, 2023 Mr. Hwang and Mr. Sellam first met via video conference. Mr. Hwang initially questioned why Mr. Sellam held multiple C -levelpositions with several different companies on his CV, and expressed his concern about Mr. Sellam’s lack of focus on any one company; e.g., if Vaximm hired Mr. Sellam as its new CEO. First, Mr. Sellam reminded Mr. Hwang that he agreed to meet via video conference as a matter of courtesy and for networking purposes and was not looking for a full time CEO role within another start -up. Mr. Sellam explained that his roles with LBV’s portfolio companies were structured as they were because he co -foundedall four companies along with the respective scientific founders/principal investigators of each company. Mr. Sellam then presented a top -linereview of LBV’s companies, their startup model designed by Mr. Sellam and his co -foundersat LBV. Mr. Sellam also said that in his view, an optimal organization could be set