Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 67

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1
Chunk 67
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 received written notice (the “Second Notice”)
from Nasdaq stating that the Company had not regained compliance with the Minimum Public Holders Rule within the Compliance Period. In
accordance with the Second Notice, BLAC timely requested a hearing before the Hearings Panel (the “Panel”) which automatically
stayed any suspension or delisting action of the Company’s securities and 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 noting that on February 13, 2025, the Company
had completed its Business Combination 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.” However, this is no guaranty that the Company will be able to maintain compliance with Nasdaq continued listing standards
going forward.

We anticipate that the Company will qualify as an “emerging
growth company” as well as a “smaller reporting company” within the meaning of the Securities Act, and if the Company
takes advantage of certain exemptions from disclosure requirements available to emerging growth companies, this could make its securities
less attractive to investors and may make it more difficult to compare its performance with other public companies.

We anticipate the Company will qualify as an “emerging growth
company” within the meaning of Section 2(a)(19) of the Securities Act, as modified by the JOBS Act. As such, the Company
may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not
emerging growth companies for as long as it continues to be an emerging growth company, including, but not limited to, (i) not being
required to comply with the auditor attestation requirements of Section 404