Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 320

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 320
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-K filing.

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 22% of the outstanding OSR Common Stock will continue to hold their shares of OSR Common Stock subject to the terms of
the Non-Participating Joinders which contain put and call rights whereby the Non-Participating Stockholders shall have the right
to cause the Company to purchase (the “Put Right”) and the Company shall have the right to cause the Non-Participating Stockholders
to sell to the Company or its designee (the “Call Right”) all of the shares of OSR Common Stock owned and held of
record by such Non-Participating Stockholder. These rights become exercisable on or after the earlier of (i) January 1,
2026, or (ii) the date that the Non