Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 604

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 604
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2023 and 2022, noWorking Capital Loans were outstanding. Administrative Support Agreement Beginning on March1, 2023, the Company agreed to pay BCM, an affiliate of members of the Sponsor, a total of $ 7,500per month for office space, utilities, secretarial and administrative support. Upon completion of the Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. During the years ended December31, 2023 and December31, 2022, the Company incurred $ 90,000and $ 75,000, respectively, of administrative support fees which are included in general and administrative expenses in the accompanying statements of operations. As of December31, 2023, the outstanding balance was $ 15,000recorded as due to affiliate. Due to Affiliate On August17, 2021, the Sponsor agreed to advance the Company up to $ 10,000. On February17, 2022, the Company repaid $ 10,000to the Sponsor. On April28, 2022, the Sponsor agreed to advance the Company up to an additional $ 10,000. On April29, 2022, the Sponsor agreed to advance an additional $ 7,000. These advances are due on demand and are non -interest-bearing. During the year ended December31, 2023, the Sponsor advanced $ 180,000of funds to the Company and Company repaid $ 140,000. Beginning on March1, 2023, the Company agreed to pay an affiliate of members of the Sponsor a total of $ 7,500per month for office space, utilities, secretarial and administrative support. Upon completion of the Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. The outstanding balance was $ 57,000and $ 17,000as of December31, 2023 and December31, 2022, respectively, recorded as due to affiliate. NOTE 5 — COMMITMENTS AND CONTINGENCIES Registration Rights The holders of Founder Shares, Private Placement Units (including component securities contained therein), and Units (including component securities contained therein) that may be issued upon conversion of Working Capital Loans will be entitled to registration rights pursuant to a registration rights agreement signed prior to the effective date of the Initial Public Offering, requiring the Company to register such securities for resale. The holders of the majority of these securities are entitled to make up to twodemands, excluding short form demands,