Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 367

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 367
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 director of BLAC, and Dr. Steven Reed, Dr. In Chul Chung, Dr. Radclyffe Roberts, and Mr. Hosun Euh, former directors of BLAC, have agreed to vote those shares in favor of the Business Combination Proposal. Those shares of BLAC Common Stock referred to in the prior sentence constitute, collectively, approximately 92.9% of the issued and outstanding shares of BLAC Common Stock as of [•], 2025. Accordingly, BLAC does not need the affirmative vote of any of the shares of BLAC Common Stock held by public stockholders to approve the Business Combination Proposal. Each of Dr. Reed, Dr. Roberts, Dr. Chung, Mr. Euh, Mr. Park and Mr. Yoo obtained their shares in exchange for their services provided as executive officers or directors of BLAC and were not provided with any other consideration for their agreement to vote their shares in favor of the Business Combination Proposal. Recommendation of the Board of Directors OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT BLAC’s STOCKHOLDERS VOTE “FOR” THE BUSINESS COMBINATION PROPOSAL. 221 PROPOSAL NO. 2 — THE CHARTER PROPOSAL BLAC’s stockholders are being asked to consider and vote upon and to approve the Charter Proposal in connection with the amendment and restatement of the Current Charter in its entirety by the Amended Charter. If the Businesses Combination Proposal is not approved, the Charter Proposal will not be implemented, even if the Charter Proposal is approved by holders of shares of BLAC Common Stock. This summary sets forth the key amendments to the Current Charter to be effected by the Amended Charter and is qualified by reference to the complete text of the Amended Charter, a copy of which is attached to and incorporated into this proxy statement/prospectus as Annex F. All stockholders are encouraged to read the Amended Charter in its entirety for a more complete description of its terms. Reasons for the Amendments BLAC stockholders are being asked to adopt the Amended Charter in the form attached to and incorporated by reference as Annex Fto this proxy statement/prospectus, which, in the judgment of the BLAC Board, is necessary to adequately address the needs of New OSR Holdings following the consummation of the Business Combination. For a summary of the key differences between the Existing Governing Documents and the Proposed Governing Documents under the DGCL, please see “ Comparison of Corporate Governance and Stockholder Rights.” The