Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 784

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1C
Chunk 784
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 for an initial business combination and any target business with which the Company may ultimately consummate an
initial business combination.

The excise tax included in the Inflation Reduction
Act of 2022 may decrease the value of the Company’s securities following its initial business combination, hinder its
ability to consummate an initial business combination, and decrease the amount of funds available for distribution in connection with
a liquidation.

NOTE 6–COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION 

The Company’s common
stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of
uncertain future events. Accordingly, common stock subject to possible redemption is presented at redemption value as temporary equity,
outside of the stockholders’ deficit section of the Company’s consolidated balance sheets.

The following is a reconciliation
of the Company’s common stock subject to possible redemption as of December 31, 2024:

    Common 

    Stock 

    Subject to 

    Possible 

    Redemption 
  
    Gross proceeds from Initial Public Offering 
    $69,000,000 
  
    Less: Proceeds allocated to public warrants and rights 
     (1,236,527)
  
    Offering costs allocated to common stock subject to possible redemption 
     (4,791,126)
  
    Less: Redemption of common stock in connection with Trust extension 
     (35,995,728)
  
    Plus: Accretion on common stock subject to possible redemption 
     9,449,634 
  
    Balance, December 31, 2023 
     36,426,253 
  
    Less: Redemption of common stock in connection with Trust extension 
     (36,232,029)
  
    Plus: Accretion on common stock subject to possible redemption 
     1,653,419 
  
    Balance, December 31, 2024 
    $1,847,643 

NOTE 7–STOCKHOLDERS’ DEFICIT 

Preferred Stock 

The Company is authorized to issue 1,000,000 shares
of preferred stock with a par value of $0.0001 per share. As of December 31, 2024 and 2023, there were no shares of
preferred stock issued or outstanding.

Common Stock 

Pursuant to the Charter, the Company is authorized
to issue 100,000,000 shares of Common Stock, $0