secwatch.observer — SEC 8-K summary
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Issuer:     OSR Holdings, Inc. (OSRH)
CIK:        0001840425
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001193125-24-283685
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BLAC amends PIPE to remove redemption features; modifies OSR deal put/call terms
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- PIPE amendment removes redemption features from 222,222 Series A Preferred shares (Toonon, $20M at $90/share).
- Business combination amendment adds termination date (120 days after Trigger Date) for Non-Participating Stockholder put/call rights.
- Trigger Date is Jan 1, 2026 or upon Change in Control notification; BLAC must provide 20 business days' notice.
- CEO Kuk Hyoun Hwang is also OSR Chairman; M&A Committee of independent directors approved both amendments.
- S-4 registration statement remains pending; definitive proxy statement to be mailed to BLAC stockholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840425/000119312524283685/0001193125-24-283685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840425/000119312524283685/d893536d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-283685

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