Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1357

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 6
Chunk 1357
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 sheet
arrangements as of December 31, 2024. We do not participate in transactions that create relationships with unconsolidated entities
or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet
arrangements. We have not entered into any off-balance sheet financing arrangements, established any special purpose entities,
guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual Obligations 

We do not have any long-term debt, capital lease obligations, operating
lease obligations, purchase obligations or long-term liabilities, other than an agreement to pay an affiliate of our Sponsor a monthly
fee of $7,500, for office space, utilities and secretarial and administrative support. We began incurring these fees on March 1,
2023 and will continue to incur these fees monthly until the earlier of the completion of our initial business combination or our
liquidation.

Chardan is entitled to a deferred underwriting commission of $2,070,000. Also, we have incurred deferred legal fees payable upon consummation
of our initial business combination of approximately $1.25 million.

The holders of the founder shares, equity participation shares, placement
units, and units that may be issued upon conversion of working capital loans (and in each case holders of their component securities,
as applicable) are entitled to registration rights pursuant to the registration rights agreement. These holders are 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 “piggyback” registration rights to include their securities in other registration statements filed
by us. We will bear the expenses incurred in connection with the filing of any such registration statements. Chardan may not exercise
its demand and “piggyback” registration rights after five and seven years, respectively, after the date of our prospectus
issued in connection with our IPO and may not exercise its demand rights on more than one occasion.

Critical Accounting Policies and Estimates 

The preparation of financial statements and related disclosures in
conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial
statements, and income and expenses during the periods reported. Actual results could materially differ