Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 324

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 324
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, 2024, the staff of Nasdaq approved the plan and granted the Company
an extension until August 13, 2024 to demonstrate compliance with the Minimum Public Holders Requirement (the “Compliance
Period”).

As
previously reported by the Company on Form 8-K dated August 20, 2024, on that date the Company received written notice (the “Second
Notice”) from Nasdaq stating that the Company has not regained compliance with the Minimum Public Holders Requirement within
the Compliance Period. According to the Second Notice, unless the Company timely requested a hearing before a Hearings Panel (the “Panel”),
the Company’s securities would be subject to suspension or delisted from Nasdaq.

As
previously reported by the Company on Form 8-K dated October 4, 2024, in accordance with the Second Notice, the Company timely requested
a hearing before the Nasdaq Hearings Panel (the “Panel”), which automatically stayed any suspension or delisting action of
the Company’s securities, and the hearing was held on October 1, 2024. On October 4, 2024, the Panel granted the Company’s
request for continued listing on the Nasdaq, subject to the requirement that on or before February 17, 2025, the Company shall demonstrate
compliance with Listing Rule 5505, and that during the exception period, the Company shall provide prompt notification of any significant
events that occur during this time that may affect the Company’s compliance with Nasdaq requirements.

On
March 7, 2025, the Hearings Advisor from the Nasdaq Office of General Counsel sent a letter to Donohoe Advisory Associates LLC, who have
advised the Company on SEC compliance matters, noting that on February 13, 2025, the Company had completed its business combination with
the Company Co., Ltd. and finding that “[t]he post transaction entity demonstrated compliance with the requirements for initial
listing under Listing Rule 5505 and the securities of OSRH began trading on the Nasdaq Capital Market February 18, 2025. ... [a]ccordingly,
the Panel has determined to continue the listing of the Company’s securities on The Nasdaq Stock Market LLC and is closing this
matter.”

Recent
Promissory Notes

Note
Purchase Agreement

As
previously reported by the Company on Form 8-K filed on May 12, 2025, on May 6, 2025,