Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1023

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 3
Chunk 1023
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 a stockholder vote is not required by law and the Company does
not decide to hold a stockholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Certificate
of Incorporation (the “Charter”), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange
Commission (“SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, stockholder
approval of the transaction is required by law, or the Company decides to obtain stockholder approval for business or other legal reasons,
the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender
offer rules. Additionally, each Public Stockholder may elect to redeem their Public Shares irrespective of whether they vote for or against
the proposed transaction. If the Company seeks stockholder approval in connection with a Business Combination, the Initial Stockholders
(as defined below) have agreed to vote its Founder Shares (as defined below in Note 4) and any Public Shares purchased during or after
the Initial Public Offering in favor of a Business Combination. 

Subsequent to the consummation
of the Initial Public Offering, the Company adopted an insider trading policy which requires insiders to (i) refrain from purchasing
shares during certain blackout periods and when they are in possession of any material non-public information and
(ii) to clear all trades with the Company’s legal counsel or compliance officer prior to execution. In addition, the Company’s
Sponsor and any other holders of the Company’s common stock prior to the Initial Public Offering (or their permitted transferees
(the “Initial Stockholders”)) have agreed to waive their redemption rights with respect to their Founder Shares, Placement
Shares and Public Shares in connection with the completion of a Business Combination.

Notwithstanding the foregoing,
if the Company seeks stockholder approval of its Business Combination and the Company does not conduct redemptions pursuant to the tender
offer rules, the Company’s Charter provides that a Public Stockholder, together with any affiliate of such stockholder or any other
person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)), will be restricted from seeking redemption rights with respect to more than
an aggregate of 15% of more of the shares of Common Stock