Company: OSRH
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109054
Chunk: 45

Company: OSR Holdings, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 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.

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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
Bellevue Capital Management, LLC (“BCM”) 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 they continue following the consummation of our business combination
in February 2025.

Chardan Capital Markets, LLC (“Chardan”)
is entitled to a deferred underwriting commission of $2,070,000, payable as of September 30, 2025. In addition, we incurred deferred legal
fees of approximately $1.25 million that were payable upon consummation of our initial business combination.

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 from those estimates.
We have not identified any critical accounting estimates.

Item 3. Quantitative and Qualitative Disclosures About Market