Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 499

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 499
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Note 6). Each warrant will become exercisable 30 days after the consummation of an initial business combination, and will expire five
years after the completion of an initial business combination, or earlier upon redemption or liquidation. Each right entitles the
holder thereof to receive one-tenth (1/10) of a share of common stock upon the consummation of an initial business
combination, as described in more detail below. Each ten rights entitle the holder thereof to receive one share of common stock
at the closing of a business combination.

NOTE 4–RELATED PARTY TRANSACTIONS 

Founder Shares 

On July 30, 2020,
the Sponsor purchased 1,437,500 shares of the Company’s Common Stock (the “Founder Shares”) for an aggregate
purchase price of $25,000, or approximately $0.017 per share. On April 25, 2022, the Company executed a 1.2-for-one stock split,
resulting in an aggregate of 1,725,000 Founder Shares held by the Company’s sponsor, of which up to 225,000 Founder
Shares were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full or in part.

The Sponsor has agreed,
subject to limited exceptions, not to transfer, assign or sell any of its Founder Shares until the earlier to occur of (A) three
years after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if
the last sale price of the Common Stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-day trading period commencing
at least 150 days after the initial Business Combination, or (y) the date on which the Company completes a liquidation,
merger, capital stock exchange, reorganization or other similar transaction that results in all of the stockholders having the right to
exchange their shares of Common Stock for cash, securities or other property.

Private Placement Units

The Sponsor has purchased
an aggregate of 430,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement
that occurred simultaneously with