Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 577

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1B
Chunk 577
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 service and Mr. Yoo for his service as chief financial officer. Our
Sponsor additionally transferred 20,000 private placement warrants to each of Dr. Reed for his service as chairman of the board of
directors, Dr. Chung for his service as chair of the audit committee, and Mr. Yoo for his service as chief financial officer.
No officer or director has received any compensation for services rendered to us during the year ended December 31, 2024.

Clawback Policy 

On November 15, 2023, the Board adopted an Incentive-Based Compensation
Recovery Policy (the “Clawback Policy”) in order to comply with Section 10D of the Exchange Act, Rule 10D-1 of
the Exchange Act and the listing standards adopted by the Nasdaq Stock Market. The Clawback Policy provides for the mandatory recovery
of erroneously awarded incentive-based compensation from current and former executive officers (as defined in the Clawback Policy)
of the Company in the event that the Company is required to prepare an accounting restatement. The Clawback Policy is included as an exhibit
to its annual report on Form 10-K for the fiscal year ended December 31, 2023. The Clawback Policy can also be reviewed
by accessing the Company’s public filings at the SEC’s web site at www.sec.gov.

Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 

The following table sets forth information regarding the beneficial
ownership of the Company’s common stock following the consummation of the Business Combination based on information obtained from
the persons named below, with respect to the beneficial ownership of shares, by:

●each person known by us to be the beneficial owner of more
than 5% of our outstanding shares of common stock;

●each of our executive officers and directors that beneficially
owns shares of our common stock; and

●all our executive officers and directors as a group.

102

Beneficial ownership is determined according to the rules of the SEC,
which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment
power over that security, including options and warrants that are currently exercisable or exercisable within 60 days. Except as described
in the footnotes below and subject to applicable community property laws and similar laws, we believe that each person listed below has
sole