Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 113

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 113
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, circumstances, developments or events that may have occurred or may occur after the date of the opinion, including changes in the operations and prospects of BLAC or OSR Holdings, regulatory or legal changes, general market and economic conditions and other factors that may be beyond the control of BLAC and OSR Holdings and on which the fairness opinion was based, and that may alter the value of BLAC and OSR Holdings or the price of shares of BLAC Common Stock prior to consummation of the Business Combination. The fairness opinion also relies upon a valuation of RMC done in January 2023 and does not reflect any changes, circumstances, developments or events that may have occurred or may occur after the date of that valuation. The value of the shares of BLAC Common Stock has fluctuated since and could be materially different from its value as of, the date of Choloc’s opinion, and Choloc’s opinion does not address the prices at which the shares of BLAC Common Stock or other securities or financial instruments of or relating to BLAC may trade. The opinion does not speak as of the time the Business Combination will be completed or as of any date other than the date of such opinion. BLAC does not anticipate asking Choloc to update Choloc’s opinion, and Choloc does not have an obligation or responsibility to update, revise or reaffirm its opinion based on circumstances, developments or events that may have occurred or may occur after the date of the opinion. The written opinion of Choloc is attached as Annex Ito this proxy statement/prospectus and is incorporated by reference herein. BLAC may not have sufficient funds to consummate the Business Combination. As of September 30, 2024, BLAC had approximately $12,236 available to it outside the Trust Account to fund its working capital requirements. If BLAC is required to seek additional capital, it would need to borrow funds from the Sponsor, its management team or other third parties to operate or it may be forced to liquidate. None of such persons is under any obligation to advance funds to BLAC in such circumstances. Any such advances would be repaid only from funds held outside the Trust Account or from funds released to BLAC upon completion of the Business Combination. BLAC does not currently expect that the amount of working capital held outside the Trust Account will be sufficient to repay all or any portion of such loaned amounts in the event the Business Combination or another business combination is not consummated. If BLAC is unable to consum