Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 537

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1B
Chunk 537
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 the full text of the Charter Amendment, a copy of which
is filed as Exhibit 3.1 to the February 9, 2024 Form 8-K and incorporated herein by reference.

As also previously reported by the Company on Form 8-K dated May 14,
2024, on that date the Company held a special meeting of its stockholders (the “May 14, 2024 Special Meeting”). At
the May 14, 2024 Special Meeting, the Company’s stockholders approved a proposal to amend to the Company’s Charter to
allow the Company to extend the date by which the Company must consummate a business combination from May 14, 2024, to November 14,
2024.

As of the close of business on April 18, 2024, the record date
for the Special Meeting, there were 5,622,954 shares of the Company’s common stock (“Common Stock”) issued
and outstanding, each of which was entitled to one vote with respect to each of the proposals presented at the Special Meeting. A total
of 4,338,495 shares of Common Stock, representing approximately 77.16% of the outstanding shares of Common Stock entitled to vote at the
Special Meeting, were present in person or by proxy, constituting a quorum. The proposals listed below are described in more detail in
the Proxy Statement.

Proposal 1 - Extension Amendment Proposal

The stockholders approved the proposal to amend the Charter
to allow the Company to extend the date by which the Company must consummate a business combination from May 14, 2024 to November 14,
2024.

Proposal 2 - Adjournment Proposal

The stockholders approved the proposal to approve the adjournment
of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there
are insufficient votes to approve the Extension Amendment Proposal or to establish quorum.

In connection with the votes to approve the Extension Amendment Proposal,
1,581,733 shares of common stock of the Company were tendered for redemption.

83

In connection with the approval of the extension of the date by which
the Company must consummate a business combination from May 14, 2024 to November 14, 2024, BGLSI (or its affiliates or permitted
designees) agreed to deposit, by no later than one business day prior to each of May 14, 2024,