Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 817

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 2
Chunk 817
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13, 2024 to demonstrate compliance
with the Minimum Public Holders Requirement (the “Compliance Period”).

As previously reported by the Company on Form 8-K dated August 20,
2024, on that date the Company received written notice (the “Second Notice”) from Nasdaq stating that the Company has
not regained compliance with the Minimum Public Holders Requirement within the Compliance Period. According to the Second Notice, unless
the Company timely requested a hearing before a Hearings Panel (the “Panel”), the Company’s securities would
be subject to suspension or delisted from Nasdaq.

As previously reported by the Company on Form 8-K dated October 4,
2024, in accordance with the Second Notice, the Company timely requested a hearing before the Nasdaq Hearings Panel (the “Panel”),
which automatically stayed any suspension or delisting action of the Company’s securities, and the hearing was held on October 1,
2024. On October 4, 2024, the Panel granted the Company’s request for continued listing on the Nasdaq, subject to the requirement
that on or before February 17, 2025, the Company shall demonstrate compliance with Listing Rule 5505, and that during the exception
period, the Company shall provide prompt notification of any significant events that occur during this time that may affect the Company’s
compliance with Nasdaq requirements.

87

On March 7, 2025, the Hearings Advisor from the Nasdaq Office of General
Counsel sent a letter to Donohoe Advisory Associates LLC, who have advised the Company on SEC compliance matters, noting that on February
13, 2025, the Company had completed its business combination with the Company Co., Ltd. and finding that “[t]he post transaction
entity demonstrated compliance with the requirements for initial listing under Listing Rule 5505 and the securities of OSRH began trading
on the Nasdaq Capital Market February 18, 2025. ... [a]ccordingly, the Panel has determined to continue the listing of the Company’s securities
on The Nasdaq Stock Market LLC and is closing this matter.”

Results of Operations 

Our entire activity since inception through December 31,
2024 related to our formation, IPO, identifying a target company for a Business Combination and consummating the acquisition of OSR. We
do not expect to generate any operating revenues until after the completion of an initial business combination. We generated non-operating income
in the form