Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 802

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 2
Chunk 802
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 and “OSRHW,” respectively. The combined Company’s common stock and warrants commenced
public trading on Nasdaq on February 18, 2025 (shortly after the Business Combination).

Prior to the consummation of the Business Combination, the common stock,
units, warrants, and rights of BLAC were listed on Nasdaq under the symbols “BLAC,” “BLACU,” “BLACW,”
and “BLACR,” respectively. The closing prices of BLAC’s securities on November 15, 2023, the last trading day before
the announcement of the Business Combination Agreement, were $10.43 for BLAC common stock, $10.69 for BLAC units, $0.03 for BLAC warrants,
and $0.15 for BLAC rights. As of January 27, 2025, the record date for the special meeting of BLAC stockholders, the most recent closing
prices were $11.60 for BLAC common stock, $11.80 for BLAC units, $0.03 for BLAC warrants, and $0.11 for BLAC rights.

Holders 

As of the March 31, 2025(the latest practicable date), the Company
had 19,276,978 shares of Common Stock issued and outstanding held of record by 9 holders, no shares of preferred stock outstanding and
7,330,000 warrants outstanding held of record by 5 holders. Such amounts do not include DTC participants or beneficial owners holding
shares through nominee names.

Dividends 

We have not paid any cash dividends on our common stock to date. It
is the present intention of the Company Board to retain all earnings, if any, for use in the Company’s business operations and,
accordingly, the Board does not anticipate declaring any dividends in the foreseeable future. The payment of cash dividends in the future
will be dependent upon the Company’s revenues and earnings, if any, capital requirements and general financial condition. The payment
of any cash dividends is within the discretion of the Board. Further, the ability of the Company to declare dividends may be limited by
the terms of financing or other agreements, and other agreements entered into by the Company or its subsidiaries from time to time.

Securities Authorized for Issuance Under Equity Compensation Plans

As previously reported by the Company’s Current Report on Form
8-K dated February 14, 2025, the Company held a special meeting of its stockholders on February 13