Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 76

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 76
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 approve the Extension Amendment Proposal or
to establish quorum.

In
connection with the votes to approve the Extension Amendment Proposal, 1,581,733 shares of common stock of the Company were tendered
for redemption.

In
connection with the approval of the extension of the date by which the Company must consummate a business combination from May 14,
2024 to November 14, 2024, BGLSI (or its affiliates or permitted designees) agreed to deposit, by no later than one business day
prior to each of May 14, 2024, June 14, 2024, July 15, 2024, August 14, 2024, September 16, 2024, and October 15,
2024 (each date referred to herein as a “Payment Date”), the amount of $50,000 into the trust account (each such deposit,
a “Contribution”). Each of the foregoing contribution payments were timely made by the Company.

25

The
Certificate of Amendment to the Charter (the “Charter Amendment”) was filed with the Delaware Secretary of State and
has an effective date of May 14, 2024. The foregoing description of the Charter Amendment is qualified in its entirety by the full
text of the Charter Amendment, a copy of which is filed as Exhibit 3.1 hereto.

As
previously reported by the Company on Form 8-K dated November 12, 2024, on that date the Company held an annual meeting of its stockholders
(the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved two proposals to amend the
Company’s Amended and Restated Certificate of Incorporation, as amended (the “Charter”). The stockholders approved
a proposal to amend the Charter to allow the Company to extend the date by which the Company must consummate a business combination from
November 14, 2024 to February 14, 2025 (the “Extension Amendment Proposal”). The stockholders also approved
a proposal to amend the Charter to remove the net tangible asset requirement in order to expand the methods that the Company may employ
so as not to become subject to the “penny stock” rules of the U.S. Securities and Exchange Commission (the “NTA
Requirement Amendment Proposal”). The Certificate of Amendment to the Charter (the “Charter Amendment”)
was filed with the Delaware Secretary of State and has an effective date of November 12, 2024