Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1481

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 7
Chunk 1481
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for and purchase, 222,222 shares (the “PIPE Shares”) of Series A Preferred Stock of the Company (the “Series
A Preferred Stock”) for an aggregate purchase price of $20,000,000 or $90.00 per share (the “Series A Original Issue
Price”) of Series A Preferred Stock (the “PIPE Investment”). Prior to closing of the PIPE Investment, the
Company filed with the Secretary of State of the State of Delaware a Certificate of Designations (the “Certificate of Designations”)
setting forth the rights and preferences of the Series A Preferred Stock, which have been agreed to between the Company and Toonon. Such
rights and preferences included, among others, that (1) dividends will accrue at a rate of 5% per annum of the Series A Original
Issue Price (except as otherwise provided for in the Certificate of Designations) to be payable only when, as, and if declared by the
board of directors of the Company or as otherwise specifically provided in the Certificate of Designations; (2) the Series A Preferred
Stock is convertible, at the option of the holder thereof, into shares of common stock of the Company (“Common Stock”)
in an amount equal to the quotient of (i) the Series A Original Issue Price plus all unpaid accruing dividends as of the date of
the conversion and (ii) then applicable conversion price (the “Conversion Price”) (the Conversion Price shall
initially be $9.00); (3) beginning on the one-year anniversary of the original issue date (the “Original Issue Date”),
the Company had the option, in its sole discretion, to redeem all or a portion of then outstanding shares of Series A Preferred Stock,
for an amount equal to the Series A Original Issue Price plus all unpaid accruing dividends as of the date of the redemption; provided,
that, for purposes of calculating the accruing dividends in the event of a redemption, dividends will have been deemed to have accrued
at a rate of 7.0% per annum of the Series A Original Issue Price (the “Redemption Price”); (4) beginning on the three-year
anniversary of the Original Issue Date, any holder of Series A Preferred Stock may demand that the Company redeem all or a portion of
such holder’s Series A Preferred Stock in an amount equal to the Redemption Price. Capitalized terms used but not defined herein
shall have the meanings ascribed to