Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1422

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 6
Chunk 1422
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 Public Shares. In the event of such distribution,
it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) may
be less than approximately $10.175 per share initially held in the Trust Account. In order to protect the amounts held in the Trust Account,
the Sponsor has agreed to be liable to the Company if and to the extent any claims by a vendor for services rendered or products sold
to the Company, or a prospective partner business with which the Company has discussed entering into a transaction agreement, reduce the
amount of funds in the Trust Account. This liability will not apply with respect to any claims by a third party who executed a waiver
of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any
claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities
under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed
to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third party claims.
The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by
endeavoring to have all vendors, service providers (except for the Company’s independent registered public accounting firm), prospective
partner businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title,
interest or claim of any kind in or to monies held in the Trust Account.

Extension of Termination Date and Redemptions from the Trust Account

November 2023 Special Meeting

On November 9, 2023,
the Company held a special meeting of its stockholders (the “Special Meeting”). At the Special Meeting, the Company’s
stockholders approved an extension of the date by which the Company must consummate a business combination from November 14, 2023
to February 14, 2024 and approved a proposal to give the Board of Directors (the “Board”) the authority in its discretion
to amend the Charter to extend the date by which the Company must consummate a business combination from February 14, 2024 to May 14,
2024. In connection with the Special Meeting, 3,432,046 shares of common stock of the Company