Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 126

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 126
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 previously reported by the Company on its
Current Report Form 8-K filed on March 13, 2024, on March 8, 2024 the Company issued an unsecured promissory note in the principal
amount of $60,000 to Josh Pan, an individual member of Bellevue Capital Management, LLC, which wholly owns Bellevue Global Life Sciences
Investors, LLC, the sponsor of the Company (the “Pan Promissory Note”).

On March 12, 2024, $60,000 was deposited in the
trust account in connection with the extension of the date by which the Company must consummate a business combination from March 14,
2024 to April 15, 2024.

The Pan Promissory Note is not interest bearing
and is payable in full on the earlier of: (i) August 8, 2024 or (ii) the date on which the Company consummates an initial
business combination. In the event that the Company does not consummate a business combination on or prior to the time provided in the
Company’s Amended and Restated Certificate of Incorporation (as subject to extension), Mr. Pan agrees to forgive the principal
balance of the Promissory Note, except to the extent of any funds remaining outside of the Company’s trust account, if any. The
following shall constitute an event of default: (i) a failure to pay the principal within five business days of the Maturity Date and
(ii) the commencement of a voluntary or involuntary bankruptcy action. The foregoing description of the Pan Promissory Note is
qualified in its entirety by reference to the full text of the Note, a copy of which is filed as Exhibit 10.1 to Company’s March
13, 2024 Form 8-K.

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As previously reported by the Company on its Current Report Form 8-K
filed on April 11, 2024, on that date the Company issued an unsecured promissory note in the principal amount of $1,200,000 to Bellevue
Global Life Sciences Investors, LLC (“BGLSI”), the sponsor of the Company. On April 9, 2024, $60,000 was deposited
in the trust account in connection with the extension of the date by which the Company must consummate a business combination from April
15, 2024 to May 14, 2024.

The BGLSI Promissory