Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 294

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 294
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 been discussions with global healthcare companies and negotiations for a licensing deal regarding Darnatein’s pipeline asset DRT101. Furthermore, under the new corporate structure as a subsidiary of OSR Holdings, Darnatein is expected to benefit from OSR Holdings’ global relationships, and particularly in South Korea where OSR Holdings is based and has strong connections and increasing visibility and exposure. Therefore, the BLAC M&A Committee viewed the valuation model of Darnatein as being reasonable, including the discount impact of an assumed $2 billion licensing deal, in their decision to approve the Business Combination. Additionally, given that Darnatein’s invention is of a potential first -in -classdrug to treat osteoarthritis -relatedconditions, its licensing deal may result in valuation of multi -billiondollars. Despite early stages of developments, initially for joint, Darnatein’s inventions and its platform technology have attracted interest from global pharmaceutical companies. Darnatein’s R&D and corporate development teams have already engaged in discussions with potential development parties for collaborative research and licensing transactions, although no agreements or understandings have been reached. RMC Co., Ltd. The valuation model of RMC employs the discounted cash flow (DCF) analysis as shown below:

|                      |     |        |   |     |  2020 |   |     |  2021 |   |     |  2022 |   |     |  2023 |   |     |   2024 |   |     |   2025 |   |     |   2026 |   |     |   2027 |   |     | 2028 + |   |
| Revenues             |     |        |   |     | 2,731 |   |     | 2,855 |   |     | 4,298 |   |     | 5,013 |   |     |  5,849 |   |     |  6,823 |   |     |  7,959 |   |     |  9,285 |   |     | 10,832 |   |
| CAGR                 |     |  16.66 | % |     |       |   |     |  4.53 | % |     | 50.55 | % |     | 16.66 | % |     |  16.66 | % |     |  16.66 | % |     |