Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 399

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 399
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 the Company to pay its tax obligations,
the proceeds from our IPO were not to be released from the Trust Account until the earlier of: (a) the completion of the Company’s
initial business combination, (b) the redemption of any of our public shares properly submitted in connection with a stockholder
vote to amend our Amended and Restated Certificate of Incorporation (the “Charter”) (1) to modify the substance or
timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares
if we do not complete our initial business combination within the time provided in the Company’s Charter (as subject to extension),
or (2) with respect to any other provision relating to stockholders’ rights or pre-initial business combination activity; or
(c) absent an initial business combination within the time provided in the Company’s Charter (as subject to extension), our
return of the funds held in the Trust Account to our public stockholders as part of our redemption of the public shares.  

In connection with the vote to approve the Extension Amendment Proposal
at the November 9, 2023 Special Meeting of Shareholders, the holders of 3,432,046 shares of Company common stock exercised their right
to redeem their shares for cash at a redemption price of approximately $10.49 per share, for an aggregate redemption amount of approximately
$35,955,728.

In connection with the votes to approve the Extension Amendment Proposal
at the May 14, 2024 Special Meeting of Shareholders, 1,581,733 shares of common stock of the Company were tendered for redemption at a
redemption price of approximately $10.78 per share, for an aggregate redemption amount of approximately $17,045,763.

In connection with the votes to approve the Extension Amendment and
NTA Requirement Amendment Proposals at the November 12, 2024 Annual Meeting of Shareholders, 1,721,469 shares of common stock of the Company
were tendered for redemption. at a redemption price of approximately $11.15 per share, for an aggregate redemption amount of approximately
$19,186,265.

In connection with the vote to approve various proposals at the February
13, 2025 Special Meeting of Shareholders, 57,821 shares of common stock of the Company were tendered for redemption at a redemption price
of approximately $11.02 per share, for an aggregate redemption amount of