Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 513

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 513
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 were 2,155,000 shares of Common Stock outstanding,
excluding 3,467,954 shares of common stock subject to possible redemption that are reflected in temporary equity in the consolidated
balance sheets.

Common stockholders of record are entitled to
one vote for each share held on all matters to be voted on by stockholders.

F-21

OSR HOLDINGS, INC.

(f/k/a Bellevue Life Sciences Acquisition Corp.) 

NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

Warrants 

As of December 31,
2024 and 2023, there were 7,330,000 Warrants outstanding. The Warrants that are a part of the Units (the “Warrants”)
may be exercised at a price of $11.50 per share, subject to adjustment as described in this prospectus. The Public Warrants will
become exercisable on 30 days after the completion of a Business Combination.

The Warrants have an
exercise price of $11.50 per share and will expire five years after the completion of a Business Combination or earlier
upon redemption or liquidation. Redemption of warrants when the price per Common Stock equals or exceeds $16.50. Once the Warrants become
exercisable, the Company may call the Warrants for redemption:

    ●
    in whole and not in part;

    ● at a price of $0.01 per Warrant;

    ● upon not less than 30 days’ prior written notice of redemption given after the Warrants become exercisable;

    ●  if, and only if, the reported last sale price of the Common Stock equals or exceeds $16.50 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing once the Warrants become exercisable and ending three business days before the date on which the Company sends the notice of redemption to the Warrant holders, and

    ●
    
    if, and only if, there is a current registration statement in
    effect with respect to the shares of Common Stock underlying such Warrants at the time of redemption and for the
    entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption.

The Private Placement
Warrants are identical to the Public Warrants underlying