Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 326

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 326
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 attention from our existing
product programs and initiatives in pursuing such an acquisition or strategic partnership;

●retention of key employees, the loss of key personnel and uncertainties
in our ability to maintain key business relationships;

●risks and uncertainties associated with the other party to such
a transaction, including the prospects of that party and their existing products or product candidates, intellectual property, and regulatory
approvals; and

●our inability to generate revenue from acquired intellectual
property, technology and/or products sufficient to meet our objectives or even to offset the associated transaction and maintenance costs.

There is substantial doubt about the Company’s ability
to continue as a going concern, which could prevent the Company from executing its business plan and adversely affect its financial condition
and stock price.

The Company has incurred recurring operating losses and negative cash
flows since its inception and expects to continue to do so for the foreseeable future. The Company will need to raise additional capital
through equity or debt financings, collaborations, or other sources, and there is no assurance that such capital will be available on
favorable terms or at all. Failure to raise sufficient capital as and when needed would significantly impair the Company’s ability
to operate its business and could result in a reduction of workforce, suspension or termination of programs, or even bankruptcy. As a
result, substantial doubt exists about the Company’s ability to continue as a going concern.

46

Risks Related to the Company’s Management of the Business
and Operations

The following risk factors reference the risks and uncertainties
relating to the management of the business and operations of OSR, which, following the closing of the Business Combination, will be the
management of the business and operations of the Company. References in this section to “we,” “us,” and “our”
refer to OSR prior to the closing of the Business Combination and to the Company after closing.

We will incur increased costs as a result of operating as a public
company, and our management will devote substantial time to compliance with its public company responsibilities and corporate governance
practices.

As a public company, we will incur significant legal, accounting and
other expenses that OSR did not incur as a private company, and these expenses may increase even more after we are no longer an emerging
growth company, as defined in Section 2(a) of the Securities Act.

We are subject to the reporting requirements of the Exchange Act
which require, among other things, that we file with the SEC annual, quarterly and current reports with respect to