Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 348

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 348
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281 assuming holders of 60% of OSR Holdings common stock execute Participating Stockholder Joinders to the Amended and Restated Business Combination Agreement, the minimum amount required thereunder), which was implied based on the terms of the transactions agreed to by the parties in negotiating the Amended and Restated Business Combination Agreement and reflects the equity value of BLAC’s ownership in OSR Holdings following the Business Combination. The BLAC Board also considered qualitative factors such as OSR Holdings’ business and financial condition and prospects, the experience and commitment of OSR Holdings’ management team, as well as valuations and trading of publicly traded companies in similar and adjacent sectors. For additional information, see “The Business Combination — The BLAC M&A Committee’s Reasons for the Approval of the Business Combination — Comparable Company Analysis.” The BLAC Board determined that the consideration being paid in the Business Combination, which amount was negotiated at arm’s -length, was fair to, and in the best interests of, BLAC and its stockholders and appropriately reflected OSR Holdings’ value. The BLAC Board believes that because of the financial skills and background of its directors, it was qualified to conclude that the acquisition of OSR Holdings met the 80% requirement at signing of the Business Combination Agreement on November 16, 2023, and at signing of the Amended and Restated Business Combination Agreement on May 23, 2024. Based on the foregoing, the BLAC Board determined that the fair market value of OSR Holdings was substantially in excess of 80% of the funds in the Trust Account and that the 80% test was met at signing of the Business Combination Agreement and at signing of the Amended and Restated Business Combination Agreement. Rights of Stockholders BLAC is a Delaware corporation governed by the DGCL. The DGCL and the Existing Governing Documents govern your rights as a stockholder. Subject to the approval of our stockholders of the Charter Proposal described in this proxy statement/prospectus, the Existing Governing Documents will not differ materially from the Proposed Governing Documents following the Business Combination. See the section entitled “ Proposal No. 2 — The Charter Proposal” and “ Comparison of Corporate Governance and Stockholder Rights” for more information. Name; Headquarters The name of BLAC after the Business Combination will be OSR Holdings, Inc. and its headquarters will be located at 10900 NE 4 thStreet, Suite 2300, Bellevue, WA 98004. Redemption Rights Pursuant to our Existing Gover