Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1576

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 7
Chunk 1576
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 full),
payable upon the closing of the Initial Public Offering; provided that for each Unit purchased by investors that are sourced by the Sponsor,
such underwriting discount was reduced to $0.125 per Unit payable in cash. In addition, $0.30 per Unit, or approximately $1,800,000 in the
aggregate (or $2,070,000 in the aggregate if the underwriters’ over-allotment option is exercised in full)
will be payable to the underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from
the amount held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the
underwriting agreement. In addition, the underwriters are entitled to receive 30,000 shares of Common Stock (or 34,500 shares
if the underwriters’ over-allotment option is exercised in full) from the Sponsor, which will be placed in escrow until the consummation
of an initial Business Combination. Such shares paid to the underwriters are referred to as the “Equity Participation Shares.”
If a Business Combination is not consummated, the Equity Participation Shares will be returned to the Sponsor. The Equity Participation
Shares have been deemed compensation by Financial Industry Regulatory Authority (“FINRA”) and are therefore subject to a lock-up for a
period of 180 days immediately following the effective date of the registration statement related to the Initial Public Offering pursuant
to FINRA Rule 5110(e)(1). Pursuant to FINRA Rule 5110(e)(1), these securities will not be the subject of any hedging, short sale, derivative,
put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately
following the effective date of the registration statements related to the Initial Public Offering, nor may they be sold, transferred,
assigned, pledged or hypothecated for a period of 180 days immediately following the effective date of the registration statements related
to the Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona
fide officers or partners. Chardan may not exercise its demand and “piggyback” registration rights after five and seven
years, respectively, after the effective date of the registration statement and may not exercise its demand rights on more than one occasion.

Excise Tax