Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 806

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 2
Chunk 806
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 The Over-Allotment Units were
sold at an offering price of $10.00 per Over-Allotment Unit, generating additional gross proceeds of $9,000,000 to the Company.

Transaction costs of our IPO amounted to $2,721,126 consisting of $1,380,000
of underwriting discounts and $1,341,126 of other offering costs. Following the closing of our IPO on February 14, 2023, $61,050,000
(approximately $10.175 per Unit) from net offering proceeds of the sale of the Units in our IPO and the sale of the Private Placement
Units was placed in the Trust Account. Following the closing of the Over-Allotment Option on February 21, 2023, and including the
amount from our IPO, an aggregate amount of $70,207,500 was placed in the Trust Account. The proceeds held in the Trust Account are invested
in United States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940,
as amended (the “Investment Company Act”) having a maturity of 185 days or less or in money market funds meeting certain
conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations.
Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its tax obligations,
the proceeds from our IPO were not to be released from the Trust Account until the earlier of: (a) the completion of the Company’s
initial business combination, (b) the redemption of any of our public shares properly submitted in connection with a stockholder
vote to amend our Amended and Restated Certificate of Incorporation (the “Charter”) (1) to modify the substance or
timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares
if we do not complete our initial business combination within the time provided in the Company’s Charter (as subject to extension),
or (2) with respect to any other provision relating to stockholders’ rights or pre-initial business combination activity; or
(c) absent an initial business combination within the time provided in the Company’s Charter (as subject to extension), our
return of the funds held in the Trust Account to our public stockholders as part of our redemption of the