Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 243

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1
Chunk 243
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 Combination or conduct a tender offer will be made by the Company, solely in its discretion. The
Public Stockholders will be entitled to redeem their Public Shares (as described in Note 1) for a pro rata portion of the amount
then in the Trust Account (initially anticipated to be $10.175 per Public Share plus any pro rata interest then in the Trust Account,
net of taxes payable). The per share amount to be distributed to Public Stockholders who redeem their Public Shares will not be reduced
by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 5). These Public Shares were
recorded at a redemption value and classified as temporary equity upon the closing of the Initial Public Offering in accordance with the
Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 480, “Distinguishing
Liabilities from Equity” (“ASC 480”). In such case, the Company will proceed with a Business Combination if a majority
of the shares voted are voted in favor of the Business Combination. If a stockholder vote is not required by law and the Company does
not decide to hold a stockholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Certificate
of Incorporation (the “Charter”), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange
Commission (“SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, stockholder
approval of the transaction is required by law, or the Company decides to obtain stockholder approval for business or other legal reasons,
the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender
offer rules. Additionally, each Public Stockholder may elect to redeem their Public Shares irrespective of whether they vote for or against
the proposed transaction. If the Company seeks stockholder approval in connection with a Business Combination, the Initial Stockholders
(as defined below) have agreed to vote its Founder Shares (as defined below in Note 4) and any Public Shares purchased during or after
the Initial Public Offering in favor of a Business Combination. 

Subsequent to the consummation
of the Initial Public Offering, the Company adopted an insider trading policy which requires insiders to (i) refrain from purchasing
shares during certain blackout periods and when they are in possession of any material