Company: OSRH
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109054
Chunk: 125

Company: OSR Holdings, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 4
Chunk 125
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, may also become
important factors that adversely affect our business, financial condition and operating results. Except as disclosed below, there have
been no material changes to the risk factors described in Part I, Item 1A, “Risk Factors,” included in our 2024 Annual Report.

Item 2. Unregistered Sales
of Equity Securities and Use of Proceeds

Pursuant to the terms of an Equity Line of Credit
Agreement comprising a Common Stock Purchase Agreement and a Registration Rights Agreement (taken together, the “ELOC Agreement”)
as amended May 6, 2025, the Company may elect, in our sole discretion, to issue and sell to by White Lion Capital LLC dba White Lion GBM
Innovation Fund (“White Lion”), from time to time, up to $78.9 million worth of shares of Common Stock from after the effective
date of a related registration statement until the earlier of December 31, 2026 or the sale of all of such shares to White Lion. Any terms
in initial capitals and not otherwise defined herein shall be as defined in the amended Common Stock Purchase Agreement and/or the Registration
Rights Agreement.

Pursuant to the Common Stock Purchase Agreement,
following the effective date of the resale registration statement registering the shares issuable to White Lion in accordance with the
terms of the Registration Rights Agreement, the Company has the right, but not the obligation, to require White Lion to purchase, from
time to time, up to the lesser of (i) $78,900,000 in aggregate gross purchase price of newly issued shares of Common Stock, par value
$0.0001 per share and (ii) 3,853,467 shares of Common Stock (the “Exchange Cap”), in each case, subject to certain limitations
and conditions set forth in the Common Stock Purchase Agreement.

32

The number of shares of Common Stock that the
Company may require White Lion to purchase in any single sales notice will depend on a number of factors, including the relevant calculated
purchase price and type of purchase notice that the Company delivers to White Lion. For example: (1) if the Company were to deliver a
Rapid Purchase Notice, the Company can require White Lion to purchase a number of shares equal to $2,000,000 divided by the average of
the three (3) lowest traded prices of the Common Stock on the Rapid Purchase Notice Date; and (2) if the Company were to deliver a VWAP
Purchase Notice