Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 910

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 910
---
 33 
     -1 
    175 
     38 
    674 
    275 
 11,600 
    475 
    649 |   |
|:--------------------------------------------|:----|:---------------------|-------:|:--|:----|:-----------------|-------:|:--|
| Pre-Transaction                             |     | $                    |    245 |   |     | $                |    245 |   |
| (% Discount to Peer Group)                  |     |                      |   65.4 | % |     |                  |   62.3 | % |
| Post-Transaction (100% Redemption Rate)     |     | $                    |    268 |   |     | $                |    263 |   |
| Post-Transaction (% Discount to Peer Group) |     |                      |   62.1 | % |     |                  |   59.4 | % |
| Post-Transaction (0% Redemption Rate)       |     | $                    |    288 |   |     | $                |    263 |   |
| Post-Transaction (% Discount to Peer Group) |     |                      |   59.2 | % |     |                  |   59.4 | % |

____________ (1)As of March 31, 2024 from publicly available data. (2)As of of September 6, 2023 according to PrivCo. Enterprise value is an estimate due to company data not being publicly available. (3)As of February 8, 2022 according to Tracxn.com. Enterprise value is an estimate due to company data not being publicly available. (4)“sum of the parts” valuation between I/O (representing Vaximm’s comparables) and DMOAD (representing Darnatein’s comparables) as a direct comparable to the current business portfolio of OSR consisting of Vaximm and Darnatein. Of the three categories presented in the comparable table above, from a financial perspective, OSR is not comparable to the companies belonging to the Hub-and-Spoke category from a size and, to a lesser extent, profitability perspective, but is comparable to those companies based on the business model. By 2029, based on OSR’s projections of its revenue and profitability, OSR is expected to be similar to the Hub-and-Spoke group companies in terms of both size and profitability, more specifically Cent