Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 79

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 79
---
 required for stockholder meetings is the holders of one-third in voting power
    of then outstanding shares of capital stock entitled to vote at the meeting instead of the holders of a majority in voting power
    of then outstanding shares of capital stock entitled to vote at the meeting.

    3F:
    Additional
    Charter Amendments – To approve all other changes including eliminating certain provisions related to special purpose
    acquisition companies that will no longer be relevant following the closing of the Business Combination.

Proposal
No. 4 – The Incentive Plan Proposal

The
Shareholders approved the proposal to adopt the new omnibus incentive plan in the form attached as Annex H to the Proxy
Statement.

Proposal
No. 5 – The Director Election Proposal

The
Shareholders approved the proposal to elect nine (9) individuals as directors of the Company following the closing of the Business Combination
until their respective successors are duly elected and qualified.

1.Kuk
Hyoun Hwang

2.Jun
Chul Whang

3.Phil
Geon Lee

4.Alcide
Barberis

5.Seng
Chin Mah

6.Jin
Whan Park

7.Sang
Hyun Kim

8.Hyuk
Joo Jee

9.Joong
Myung Cho

27

Proposal
No. 6 – The Nasdaq Proposal

The
Shareholders approved the proposal to approve, for purposes of complying with the applicable listing rules of the Nasdaq Stock Market
LLC, the issuance of shares of Company common stock pursuant to the Business Combination Agreement in connection with the Business Combination.

In
connection with the votes to approve certain of the above proposals, 57,821 shares of Company Common Stock were tendered for redemption.

On
February 13, 2025, the Company issued a press release announcing the results of the Special Meeting. A copy of the press release is attached
as Exhibit 99.1 to the Company’s February 13, 2025 Form 8-K filing.

As
previously disclosed on the Company’s Current Report filed on Form 8-K on February 21, 2025, on February 14, 2025 (the “Closing
Date”), the Company completed its previously announced business combination (the “Business Combination”)
with the Company Co., Ltd., a corporation organized under the laws of the Republic of Korea (“OSR”), pursuant to the
Amended and Restated Business Combination