Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 907

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 2
Chunk 907
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stock split,
resulting in an aggregate of 1,725,000 Founder Shares held by the Company’s sponsor, of which up to 225,000 Founder
Shares were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full or in part.

The Sponsor has agreed,
subject to limited exceptions, not to transfer, assign or sell any of its Founder Shares until the earlier to occur of (A) three
years after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if
the last sale price of the Common Stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-day trading period commencing
at least 150 days after the initial Business Combination, or (y) the date on which the Company completes a liquidation,
merger, capital stock exchange, reorganization or other similar transaction that results in all of the stockholders having the right to
exchange their shares of Common Stock for cash, securities or other property.

Private Placement Units

The Sponsor has purchased
an aggregate of 430,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement
that occurred simultaneously with the consummation of the Initial Public Offering. Each Private Placement Unit consists of one share
of Common Stock, one redeemable warrant entitling the holder to purchase one share of Common Stock, and one right
which entitles the holder thereof to receive one-tenth (1/10) of a share of common stock. The Private Placement Warrants
are exercisable only to purchase whole shares of Common Stock at an exercise price of $11.50 per share, subject to adjustment (see
Note 7). Proceeds from the sale of the Private Placement Units were added to the net proceeds from the Initial Public Offering held in
the Trust Account. If the Company does not complete the initial Business Combination within the Combination Period, the proceeds from
the sale of the Private Placement Units held in the Trust Account will be included in the liquidating distribution to the holders of the
Public Shares.

The Sponsor and the Company’s officers and
directors will agree, subject to limited