Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 889

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 2
Chunk 889
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to clear all trades with the Company’s legal counsel or compliance officer prior to execution. In addition, the Company’s
Sponsor and any other holders of the Company’s common stock prior to the Initial Public Offering (or their permitted transferees
(the “Initial Stockholders”)) have agreed to waive their redemption rights with respect to their Founder Shares, Placement
Shares and Public Shares in connection with the completion of a Business Combination.

Notwithstanding the foregoing,
if the Company seeks stockholder approval of its Business Combination and the Company does not conduct redemptions pursuant to the tender
offer rules, the Company’s Charter provides that a Public Stockholder, together with any affiliate of such stockholder or any other
person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)), will be restricted from seeking redemption rights with respect to more than
an aggregate of 15% of more of the shares of Common Stock sold in the Initial Public Offering without the prior consent of the Company.

The Company’s Initial
Stockholders and Chardan Capital Markets, LLC (“Chardan”), the representative of the underwriters, have agreed not to propose
or vote in favor of an amendment to the Company’s Charter (A) that would modify the substance or timing of the Company’s obligation
to allow redemption in connection with the Business Combination or to redeem 100% of its Public Shares if the Company does not complete
a Business Combination within nine months or such other time period as the stockholders may approve from the closing of the
Initial Public Offering (the “Combination Period”) or (B) with respect to any other provision relating to stockholders’ rights or pre-initial Business Combination
activity, unless the Company provides the Public Stockholders with the opportunity to redeem their Public shares in conjunction with such
an amendment. Pursuant to the Charter, if the Company is unable to complete a Business Combination within the Combination Period, the
Company will (i) cease all operations except for the purpose of winding up; (ii) as promptly and as reasonably possible, but not more
than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per share price, payable in cash, equal to
the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously