Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 72

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 72
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 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. Interests of BLAC Directors and Executive Officers in the Business Combination When you consider the recommendation of our board of directors in favor of approval of the Business Combination, you should keep in mind that our board of directors and officers have interests in the Business Combination that are different from, or in addition to, your interests as a stockholder. These interests include, among other things: •the fact that the Sponsor has agreed not to redeem any shares of BLAC Common Stock held by it in connection with a stockholder vote to approve a proposed initial business combination (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 fact that the Sponsor paid an aggregate of $25,000 (or $0.014 per share) for 1,725,000 shares of BLAC Common Stock, which will have a significantly higher value at the time of the Business Combination. If unrestricted and freely tradable, such shares would have had an aggregate market value of $20,010,000 based upon the closing price of $11.60 per share of BLAC Common Stock on Nasdaq on January27, 2025, the most recent practicable date prior to the date of this proxy statement and an aggregate market value of $20,010,000 based upon the closing price of $11.60 per share of BLAC Common Stock on Nasdaq on January27, 2025, the Record Date, but given the restrictions on those shares, we believe those shares have less value; 29 •the fact that Sponsor purchased 430,000 private placement units (including the underlying securities) for an aggregate purchase price of $4,300,000 (or $10.00 per unit) in which the warrants and rights included in the private placement units would be worthless if a business combination is not consummated by February14, 2025 (unless such date is extended in accordance with the Existing Governing Documents). Such private placement units had an aggregate market value of approximately $5,074,000 based upon the closing price of $11.80 per public unit on Nasdaq on January27, 2025, the most