Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 2117

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 9B
Chunk 2117
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 entitled to receive 30,000 shares of Common Stock (or 34,500 shares
if the underwriters’ over-allotment option is exercised in full) from the Sponsor, which will be placed in escrow until the consummation
of an initial Business Combination. Such shares paid to the underwriters are referred to as the “Equity Participation Shares.”
If a Business Combination is not consummated, the Equity Participation Shares will be returned to the Sponsor. The Equity Participation
Shares have been deemed compensation by Financial Industry Regulatory Authority (“FINRA”) and are therefore subject to a lock-up for a
period of 180 days immediately following the effective date of the registration statement related to the Initial Public Offering pursuant
to FINRA Rule 5110(e)(1). Pursuant to FINRA Rule 5110(e)(1), these securities will not be the subject of any hedging, short sale, derivative,
put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately
following the effective date of the registration statements related to the Initial Public Offering, nor may they be sold, transferred,
assigned, pledged or hypothecated for a period of 180 days immediately following the effective date of the registration statements related
to the Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona
fide officers or partners. Chardan may not exercise its demand and “piggyback” registration rights after five and seven
years, respectively, after the effective date of the registration statement and may not exercise its demand rights on more than one occasion.

Excise Tax Liability

The Inflation Reduction
Act (“IR Act”) of 2022 imposes a 1% Excise Tax Liability on the repurchase of corporate stock by a publicly traded U.S.
corporation following December 31, 2022. For purposes of the Excise Tax Liability, a repurchase will generally include redemptions,
corporate buybacks and other transactions in which the corporation acquires its stock from a stockholder in exchange for cash or property,
subject to exceptions for de minimis transactions and certain reorganizations.

As a result, subject
to certain rules, the Excise Tax Liability will apply to any redemption by a U.S.-domiciled special purpose acquisition company (“SPAC”)
taking place after December 31, 2022, including redemptions (i)