Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1674

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 7A
Chunk 1674
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 on the
Company’s consolidated financial statements.

NOTE 3–INITIAL PUBLIC OFFERING 

Pursuant to the Initial Public Offering, the Company
sold 6,000,000 Units at a price of $10.00 per Unit. On February 17, 2023, the underwriters exercised their over-allotment
option to purchase an additional 900,000 Units. Each Unit consists of one share of common stock, one redeemable
warrant entitling the holder thereof to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment,
and one right which entitles the holder thereof to receive one-tenth (1/10) of a share of common stock (see
Note 6). Each warrant will become exercisable 30 days after the consummation of an initial business combination, and will expire five
years after the completion of an initial business combination, or earlier upon redemption or liquidation. Each right entitles the
holder thereof to receive one-tenth (1/10) of a share of common stock upon the consummation of an initial business
combination, as described in more detail below. Each ten rights entitle the holder thereof to receive one share of common stock
at the closing of a business combination.

NOTE 4–RELATED PARTY TRANSACTIONS 

Founder Shares 

On July 30, 2020,
the Sponsor purchased 1,437,500 shares of the Company’s Common Stock (the “Founder Shares”) for an aggregate
purchase price of $25,000, or approximately $0.017 per share. On April 25, 2022, the Company executed a 1.2-for-one stock split,
resulting in an aggregate of 1,725,000 Founder Shares held by the Company’s sponsor, of which up to 225,000 Founder
Shares were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full or in part.

The Sponsor has agreed,
subject to limited exceptions, not to transfer, assign or sell any of its Founder Shares until the earlier to occur of (A) three
years after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if
the last sale