Company: OSRH
Filing Date: 2025-06-10
Form Type: S-1/A
Source: 0001213900-25-053114
Chunk: 29

Company: OSR Holdings, Inc.
Filing Date: 2025-06-10
Form: S-1/A
Chunk 29
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 White Lion is not obligated to buy any Common Stock under the ELOC Agreement if such shares, when aggregated with all other Common Stock then beneficially owned by White Lion and its affiliates (as calculated pursuant to Section 13(d) of the Securities Exchange Act, and Rule 13d-3 promulgated thereunder), would result in White Lion beneficially owning Common Stock in excess of 19.99% of the then-outstanding shares of Common Stock. Our inability to access a portion or the full amount available under the ELOC Agreement, in the absence of any other financing sources, could have a material adverse effect on our business or results of operation. White Lion will pay less than the then-prevailing market price for our common stock, which could cause the price of our common stock to decline. White Lion will pay less than the then-prevailing market price for our common stock, which could cause the price of our common stock to decline. The purchase price of our common stock to be sold to White Lion under the ELOC Agreement, Warrant Agreement, and Note Purchase Agreement is derived from the market price of our common stock on Nasdaq. Shares to be sold to White Lion pursuant to the ELOC Agreement will be purchased at a discounted price equal to either (i) 97% of the lowest value-weighted average sale price for our Common Stock during the three trading days commencing on the date of White Lion’s receipt of the shares of common stock relating to our purchase notice, or (ii) in the case of a “Rapid Purchase Notice” as defined in the ELOC, the average of the three (3) lowest traded prices of the Common Stock on the Rapid Purchase Notice Date. Similar discount terms exist under the Convertible Note Agreement and the Warrant Agreement. As a result of this pricing structure, White Lion may sell the shares they receive immediately after receipt of such shares, which could cause the price of our common stock to decrease. Investors who buy shares of common stock from White Lion at different times will likely pay different prices. Pursuant to the ELOC Agreement we have discretion to vary the timing, price and number of shares of common stock we sell to White Lion. If and when we elect to sell shares of common stock to White Lion pursuant to the ELOC Agreement, after White Lion has acquired such shares, White Lion may resell all, some or none of such shares at any time or from time to time in its sole discretion and at different prices. As a result, investors who purchase shares from