Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 35

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 35
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 15, 2024, the Company received
a written notice (the “”) from the Nasdaq Listing Qualifications Department indicating that the Company was
not in compliance with Nasdaq Listing Rule 5550(a)(3), which requires the Company to have at least 300 public holders for continued
listing on the Nasdaq Capital Market (the “Minimum Public Holders Rule”). The Notice is only a notification of deficiency,
not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Capital
Market. The Company submitted a plan to regain compliance with the Minimum Public Holders Rule to Nasdaq on April 1, 2024. On April 17,
2024, the Company received written notice from Nasdaq granting an extension to August 13, 2024 to regain compliance with the Minimum
Public Holders Rule (the “Compliance Period”). On August 20, 2024, the Company received written notice (the “Second
Notice”) from Nasdaq stating that the Company had not regained compliance with the Minimum Public Holders Rule within the Compliance
Period. In accordance with the Second Notice, BLAC timely requested a hearing before the Hearings Panel (the “Panel”) which
automatically stayed any suspension or delisting action of the Company’s securities and 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. On March 7, 2025, the Hearings Advisor from the Nasdaq Office of General Counsel sent a letter noting that
on February 13, 2025, the Company had completed its Business Combination 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." However, this is no guaranty that the Company will be able