Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 2106

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 9B
Chunk 2106
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 beginning after December 15, 2023, and interim periods within fiscal years beginning
after December 15, 2024. Early adoption is permitted.

The Company adopted ASU
2023-07 for the year ended December 31, 2024. The adoption of this standard did not have a material impact on the Company’s consolidated
financial statements, as the Company operates in a single reportable segment and does not present multiple segment profit or loss measures
to the CODM.

Management does not believe that any other
recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the
Company’s consolidated financial statements.

NOTE 3–INITIAL PUBLIC OFFERING 

Pursuant to the Initial Public Offering, the Company
sold 6,000,000 Units at a price of $10.00 per Unit. On February 17, 2023, the underwriters exercised their over-allotment
option to purchase an additional 900,000 Units. Each Unit consists of one share of common stock, one redeemable
warrant entitling the holder thereof to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment,
and one right which entitles the holder thereof to receive one-tenth (1/10) of a share of common stock (see
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