Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 670

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1C
Chunk 670
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Information about additional unregistered sales of our equity securities
in connection with the Business Combination is set forth under Item 2.01 of our Current Report on Form 8-K filed with the SEC on February
14, 2025.

Use of Proceeds from Registered Offerings 

On February 14, 2023, we consummated our initial public offering
(“IPO”) of an aggregate of 6,000,000 units, at $10.00 per unit (“Units”), generating gross proceeds
of $60,000,000 before underwriting discounts and expenses.

Simultaneously with the closing of our IPO, our sponsor, Bellevue Global
Life Sciences Investors, LLC (“Sponsor”), purchased an aggregate of 430,000 units at a price of $10.00 per unit, for
an aggregate purchase price of $4,300,000 (“Private Placement Units”).

In connection with our IPO, the underwriters were granted a 45-day
option from the date of our prospectus issued in connection with our IPO (the “Over-Allotment Option”) to purchase
up to 900,000 additional units to cover over-allotments (the “Over-Allotment Units”), if any. On February 21,
2023, the underwriters purchased 900,000 Over-Allotment Units fully exercising the Over-Allotment Option. The Over-Allotment Units were
sold at an offering price of $10.00 per Over-Allotment Unit, generating additional gross proceeds of $9,000,000 to the Company.

Transaction costs of our IPO amounted to $2,721,126 consisting of $1,380,000
of underwriting discounts and $1,341,126 of other offering costs. Following the closing of our IPO on February 14, 2023, $61,050,000
(approximately $10.175 per Unit) from net offering proceeds of the sale of the Units in our IPO and the sale of the Private Placement
Units was placed in the Trust Account. Following the closing of the Over-Allotment Option on February 21, 2023, and including the
amount from our IPO, an aggregate amount of $70,207,500 was placed in the Trust Account. The proceeds held in the Trust Account are invested
in United States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940,