Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 65

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 65
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 November 16, 2023, BLAC and OSR Holdings entered into a Business Combination Agreement. The Business Combination Agreement was amended and restated on May 23, 2024, and was further amended on December 20, 2024. Prior to the Closing, Participating Company Stockholders and Non -ParticipatingCompany Stockholders will be joined as parties to the Business Combination Agreement. At the effective time of the Closing, BLAC shall issue to the Participating Company Stockholders up to an aggregate of 24,461,214shares of BLAC Common Stock, and the Participating Company Stockholders will transfer their respective shares of OSR Holdings’ Common Stock. It is a condition to closing of the Share Exchange that BLAC will acquire from the Participating Company Stockholders at least 60% of the shares of OSR Holdings Common Stock outstanding on the Closing Date. 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. BLAC expects that holders of approximately 12% of the OSR Holdings Common Stock will not sign any Joinder and such shares will remain outstanding and not be subject to any contractual put or call rights, or other conversion rights, with or into BLAC Common Stock. At Closing, the Non -ParticipatingCompany Stockholders will continue to hold their shares of OSR Holdings Common 24 Stock subject to the terms of the Non -ParticipatingStockholder Joinders that contain put and call rights 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 exercisable on or after the earlier of (i) January 1, 2026, or (ii) the date that the Non -ParticipatingCompany Stockholder is notified by BLAC of a transaction that will result in a change in control (as defined in the Non -ParticipatingStockholder Joinder) of BLAC (the “Trigger Date”). The Put Right and Call Right terminate and expire 120 days after