Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1651

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 7A
Chunk 1651
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OF CASH FLOWS

    For the Years Ended December 31,

    2024

    2023

    CASH FLOWS FROM OPERATING ACTIVITIES

    Net income (loss)
     
    $
    (2,410,879
    )
     
    $
    403,780

    Adjustments to reconcile net income (loss) to net cash used in operating activities:

    Interest earned on investments held in the Trust Account

    (1,450,228
    )

    (2,775,291
    )
  
    Changes in operating assets and liabilities:

    Prepaid expenses and other current assets

    (82,055
    )

    (7,208
    )
  
    Accounts payable and accrued expenses

    1,800,260

    1,035,391

    Income taxes payable

    (166,229
    )

    524,562

    Excise tax payable

    121,185

    -

    Net cash used in operating activities

    (2,187,946
    )

    (818,766
    )

    CASH FLOWS FROM INVESTING ACTIVITIES

    Cash withdrawn from Trust Account for payment to redeeming stockholders

    36,232,029

    35,995,728

    Investment of cash in Trust Account

    (480,000
    )

    (180,000
    )
  
    Withdrawal of interest from Trust Account to pay taxes

    455,662

    561,957

    Loan issued to affiliate

    (300,000
    )

    -

    Cash deposited in Trust Account

    -

    (70,207,500
    )
  
    Net cash provided by (used in) investing activities

    35,907,691

    (33,829,815
    )

    CASH FLOWS FROM FINANCING ACTIVITIES

    Redemption of common stock

    (36,232,029
    )

    (35,995,728
    )
  
    Proceeds from Initial Public Offering, net of underwriters’ fees

    -

    59,670,000

    Proceeds from over-allotment option

    -

    9,157,500

    Proceeds from private placement

    -

    4,300,000

    Proceeds from note payable - related party

    1,803