Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 357

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 357
---
 dividends received deduction (pursuant to which a portion of the dividend may be deducted) if the requisite holding period is satisfied. 215 Subject to applicable requirements and limitations, dividends paid to a non -corporateU.S. Holder generally will constitute “qualified dividends” that will be subject to tax at the preferential tax rate accorded to long -termcapital gains. Non -corporateU.S. Holders that do not meet a minimum holding period requirement or that elect to treat the dividend income as “investment income” pursuant to Section 163(d)(4) of the Code (dealing with the deduction for investment interest expense) will not be eligible for the reduced rates of taxation applicable to qualified dividends. In addition, the rate reduction will not apply to dividends if the recipient of a dividend is obligated to make related payments with respect to positions in substantially similar or related property. This disallowance applies even if the minimum holding period has been met. To the extent that the amount of any distribution made by BLAC on BLAC Common Stock exceeds BLAC’s current and accumulated earnings and profits for a taxable year (as determined under U.S. federal income tax principles), the distribution will first be treated as a tax -freereturn of capital, causing a reduction (but not below zero) in the adjusted basis of the U.S. Holder’s shares of BLAC Common Stock, and to the extent the amount of the distribution exceeds the U.S. Holder’s tax basis, the excess will be taxed as capital gain recognized on a sale or exchange as described below under “ — Sale, Exchange, Redemption or Other Taxable Disposition of Shares of BLAC Common Stock.” Sale, Exchange, Redemption or Other Taxable Disposition of Shares of BLAC Common Stock A U.S. Holder generally will recognize gain or loss on the sale, taxable exchange, or other taxable disposition of BLAC Common Stock. Any such gain or loss will be capital gain or loss and will be long -termcapital gain or loss if the U.S. Holder’s holding period for BLAC Common Stock so disposed of exceeds one year. The amount of gain or loss recognized will generally be equal to the difference between (i) the sum of the amount of cash and the fair market value of any property received in such disposition and (ii) the U.S. Holder’s adjusted tax basis in its BLAC Common Stock so disposed of. A U.S. Holder’s adjusted tax basis in its shares of BLAC Common Stock will generally equal the U.S. Holder’s