Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1988

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 9A
Chunk 1988
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208 in the Trust Account immediately after the redemptions and a tax withdrawal by the Company of $136,805. 

February 2025 Special Meeting

On February 13, 2025, the Company held a special meeting of its stockholders
(the “February Special Meeting”). In connection with the February Special Meeting, 57,821 shares of common stock of the
Company were tendered for redemption at a redemption price of approximately $11.02 per share for an aggregate redemption amount of
$636,922, leaving $1,177,889 in in the Trust Account immediately after the redemptions. A more detailed discussion of this special
meeting is included under “NOTE 10–SUBSEQUENT EVENTS”.

Franchise and Income Tax Withdrawal 

In November 2023, the Company withdrew $561,957 of
interest income earned in the Trust Account for payment of the Company’s franchise tax and income tax liabilities as permitted by
the terms of the Trust Agreement governing the Trust Account. The Company deposited the funds in the Company’s unrestricted general
account and they were used for the payment of general operating expenses. On April 16, 2024, the Company paid $461,957 in income
taxes. On April 17, 2024, the Company withdraw of $100,000 of interest income earned in the Trust Account for payment of the
Company’s state franchise tax and income tax liabilities as permitted by the terms of the Trust Agreement governing the Trust Account.
On May 20, 2024, the Company paid $193,183 in franchise taxes. On May 23, 2024, the Company withdrew $218,857 of interest income
earned in the Trust Account for payment of the Company’s franchise tax and income tax liabilities as permitted by the terms of the
Trust Agreement governing the Trust Account. The Company deposited the funds in the Company’s unrestricted general account and they
were used for payment of general operating expenses. On October 29, 2024, the Company paid $127,200 in franchise taxes. On November
25, 2024, the Company withdrew $136,805 of interest income earned in the Trust Account for payment of the Company’s franchise
tax and income tax liabilities as permitted by the terms of the Trust Agreement governing the Trust Account. As of December 31, 2024,
the Company withdrew $1,017,619 of interest income earned in the Trust Account