Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 124

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 124
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 any of our securities
held by them pursuant to a registration rights agreement signed in connection with our IPO. These holders will be entitled to make up
to two demands, excluding short form registration demands, that we register such securities for sale under the Securities Act. In addition,
these holders will have “piggy-back” registration rights to include their securities in other registration statements filed
by us. Chardan may not exercise its demand and “piggyback” registration rights after five and seven years, respectively,
after the effective date of the registration statement and may not exercise its demand rights on more than one occasion.

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Additionally, on the Closing
Date, the Company entered into Lock-up Agreements (the “Lock-Up Agreements”) with Bellevue Capital Management
LLC (“BCM”), BCM Europe AG (“BCME”), Sung Jae Yu, and Sung Hoon Chung (together, the “Holders”),
pursuant to which the Holders are contractually restricted from selling or transferring between 70%-100% of their shares of Company Common
Stock received in the Share Exchange (the “Lock-Up Shares”). Such restrictions became applicable commencing from the
Closing Date and end (i) with respect to BCM and BCME, on the 36-month anniversary of the Closing Date; and (ii) with respect to Sung
Jae Yu and Sung Hoon Chung, on January 1, 2026.

Promissory Notes with Related Parties

On June 23, 2023, the
Company issued an unsecured promissory note (the “Note”) in the principal amount of $200,000 to the Sponsor to fund
working capital requirements. The Note is non-interest bearing and is payable in full on the earlier of: (i) December 31, 2024 or
(ii) the date on which the Company consummates a Business Combination. In the event that the Company does not consummate a business
combination, the Note will be repaid only from amounts remaining outside of the Company’s Trust Account, if any. At the Sponsor’s
discretion, the principal balance of the Note may be converted at any time prior to the consummation of a Business Combination into Units
identical to the Private Placement Units at a price of $10.00 per Unit. The Company repaid the promissory note on December 4,
2023.

On November 13, 2023,
the Company issued an unsecured prom