Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1768

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 8
Chunk 1768
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 and Redemptions from the Trust Account

November 2023 Special Meeting

On November 9, 2023,
the Company held a special meeting of its stockholders (the “Special Meeting”). At the Special Meeting, the Company’s
stockholders approved an extension of the date by which the Company must consummate a business combination from November 14, 2023
to February 14, 2024 and approved a proposal to give the Board of Directors (the “Board”) the authority in its discretion
to amend the Charter to extend the date by which the Company must consummate a business combination from February 14, 2024 to May 14,
2024. In connection with the Special Meeting, 3,432,046 shares of common stock of the Company were tendered for redemption at
a redemption price of approximately $10.49 per share for an aggregate redemption amount of $35,995,728, leaving $36,372,335 in
the Trust Account immediately after the redemptions and a tax withdrawal by the Company of $561,957. Additionally, the Company deposited
$180,000 into the Trust Account on November 13, 2023 in connection with the extension of the date by which the Company must
consummate a business combination from November 14, 2023 to February 14, 2024.

In February 2024, the
Board authorized and approved a second Certificate of Amendment to the Charter. The second Certificate of Amendment to the Charter was
filed with the Delaware Secretary of State, with an effective date of February 9, 2024, and extended the date by which the Company
must consummate a business combination to the May 14, 2024. In connection with the extension by which the Company must consummate
a business combination to May 14, 2024, the Company deposited an extension payment of $60,000 into the Trust Account on each
of February 9, 2024, March 12, 2024 and April 9, 2024.

May 2024 Special Meeting

On May 10, 2024,
the Company convened a special meeting of its stockholders as scheduled and adjourned without any business being conducted. The meeting
was reconvened on May 14, 2024 (the “May Special Meeting”). At the May Special Meeting, the Company’s stockholders
approved the proposal to amend the Company’s Charter