Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 405

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 405
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uk Joo Jee

9. Joong Myung Cho

Proposal No. 6 – The Nasdaq Proposal

The Shareholders approved the proposal to approve, for purposes
of complying with the applicable listing rules of the Nasdaq Stock Market LLC, the issuance of shares of Company common stock pursuant
to the Business Combination Agreement in connection with the Business Combination.

85

In connection with the votes to approve certain of the above proposals,
57,821 shares of Company Common Stock were tendered for redemption.

On February 13, 2025, the Company issued a press release announcing
the results of the Special Meeting. A copy of the press release is attached as Exhibit 99.1 to the Company’s February 13, 2025 Form
8-K filing and is incorporated by reference herein.

As previously disclosed on the Company’s Current Report filed
on Form 8-K on February 21, 2025, on February 14, 2025 (the “Closing Date”), the Company completed its previously announced
business combination (the “Business Combination”) with the Company Co., Ltd., a corporation organized under the laws
of the Republic of Korea (“OSR”), pursuant to the Amended and Restated Business Combination Agreement, dated as of
May 23, 2024, as amended on December 20, 2024 (the “Business Combination Agreement”), by and among the Company,
OSR, each stockholder of OSR that executed a Participating Joinder thereto (each such person, a “Participating Stockholder”),
and each stockholder of OSR that executed a Non-Participating Joinder thereto (each such person, a “Non-Participating Stockholder”,
and together with the Participating Stockholders, the “OSR Stockholders”).

On the Closing Date, the Company issued to the Participating Stockholders
an aggregate of 16,282,047 shares of Company common stock, par value $0.0001 per share (“Company Common Stock”),
and the Participating Stockholders transferred their respective shares of OSR’s Series A common stock, with a par value of
KRW 5,000 per share (“OSR Common Stock”), to the Company (the “Share Exchange”). Following the consummation
of the Business Combination and the Share Exchange (the “Closing”), the Company now owns approximately 67% of the outstanding
OSR Common Stock, and OSR Stockholders holding an additional