Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 47

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 47
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 Account, including any proceeds from the PIPE Financing, equaling no less than $5,000,001 (after deducting any amounts paid to BLAC’s stockholders that exercise their redemption rights in connection with the Business Combination). Therefore, unless these conditions are waived by the applicable parties to the Business Combination Agreement, the Business Combination Agreement could terminate and the Business Combination may not be consummated. Any party to the Business Combination Agreement may, at any time prior to the Closing, by action taken by its board of directors or equivalent governing body, officers thereunto duly authorized, or individually in the case of independent stockholders, waive in writing any of its or their rights or conditions in its or their favor under the Business Combination Agreement. As of the date of the filing of the proxy statement/prospectus, BLAC does not expect to meet the Minimum Available Cash Condition and, as a result, OSR Holdings has indicated it will waive this condition to closing of the Business Combination. The existence of the financial and personal interests of the directors may result in a conflict of interest on the part of one or more of them between what such director may believe is best for BLAC and what such director may believe is best for such director in determining whether or not to grant a waiver in a specific situation. For more information about conditions to the consummation of the Business Combination, see “ The Business Combination Agreement — General — Conditions to Closing the Business Combination.” Q: When do you expect the Business Combination to be completed? A:It is currently anticipated that the Business Combination will be consummated in the first quarter of 2025, but in no event later than February 14, 2025. This date depends on, among other things, the approval of the proposals to be put to BLAC stockholders at the BLAC Stockholders’ Meeting. However, such special meeting could be adjourned if the Adjournment Proposal is adopted by our stockholders at such special meeting and we elect to adjourn such special meeting to a later date or dates to consider and vote upon a proposal to approve the adjournment of such special meeting to a later date or dates to the extent necessary (i) to ensure that any required supplement or amendment to this proxy statement is provided to BLAC stockholders, (ii) to permit further solicitation and vote of proxies if there are insufficient votes for, or otherwise in connection with, the approval of the Condition Precedent Proposals or (iii), if as of the time for which such