Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1082

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 4
Chunk 1082
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 to the Company’s February 13, 2025 Form
8-K filing and is incorporated by reference herein.

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 Agreement, dated as of
May 23, 2024, as amended on December 20, 2024 (the “Business Combination Agreement”), by and among the Company,
OSR, each stockholder of OSR that executed a Participating Joinder thereto (each such person, a “Participating Stockholder”),
and each stockholder of OSR that executed a Non-Participating Joinder thereto (each such person, a “Non-Participating Stockholder”,
and together with the Participating Stockholders, the “OSR Stockholders”).

On the Closing Date, the Company issued to the Participating Stockholders
an aggregate of 16,282,047 shares of Company common stock, par value $0.0001 per share (“Company Common Stock”),
and the Participating Stockholders transferred their respective shares of OSR’s Series A common stock, with a par value of
KRW 5,000 per share (“OSR Common Stock”), to the Company (the “Share Exchange”). Following the consummation
of the Business Combination and the Share Exchange (the “Closing”), the Company now owns approximately 67% of the outstanding
OSR Common Stock, and OSR Stockholders holding an additional 22% of the outstanding OSR Common Stock will continue to hold their shares
of OSR Common Stock subject to the terms of the Non-Participating Joinders which contain put and call rights whereby the Non-Participating Stockholders
shall have the right to cause the Company to purchase (the “Put Right”) and the Company shall have the right to cause
the Non-Participating Stockholders to sell to the Company or its designee (the “Call Right”) all of the shares
of OSR Common Stock owned and held of record by such Non-Participating Stockholder. These rights become exercisable on or after the
earlier of (