Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 83

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 83
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 copy of the press release is attached to the Company’s February 18, 2025 Form 10-K filing
as Exhibit 99.1 thereto.

As
previously reported by the Company on Form 8-K dated October 25, 2024, on that date the Company advanced a loan to OSR in the amount
of $300,000 evidenced by a promissory note (the “the Company Promissory Note”) that bears interest at a rate
of 3.96% per annum, compound semi-annually, and is due on October 25, 2025. Interest is payable only on maturity. The following
events constitute an event of default under the Company Promissory Note: (i) a failure to pay the outstanding balance due within
five (5) business days of the Maturity Date and (ii) the commencement of a voluntary or involuntary bankruptcy action. The
funds were to be used by OSR for working capital and other expenses of OSR.

The
Company Promissory Note is filed as Exhibit 10.1 to the Company’s Form 8-K filing of October 25, 2025. The disclosures set forth herein are intended to be summaries only and are qualified in their entirety by reference
to the Company Promissory Note.

29

Nasdaq
Listing Rules Compliance

As
previously disclosed in the Company’s Current Report on Form 8-K filed on February 21, 2024, on February 15, 2024 the Company received
a letter (the “Notice”) from the Listing Qualifications Department of Nasdaq notifying the Company that the Company
no longer met the minimum 300 public holders requirement for The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(3) (the
“Minimum Public Holders Requirement”). On April 1, 2024, the Company submitted to Nasdaq a plan to regain compliance
with the Minimum Public Holders Requirement and, on April 17, 2024, the staff of Nasdaq approved the plan and granted the Company
an extension until August 13, 2024 to demonstrate compliance with the Minimum Public Holders Requirement (the “Compliance
Period”).

As
previously reported by the Company on Form 8-K dated August 20, 2024, on that date the Company received written notice (the “Second
Notice”) from Nasdaq stating that the Company has