OSR Holdings, Inc. operates as a Special Purpose Acquisition Company (SPAC) – essentially a blank check entity. Its primary objective is to execute a substantial business combination, which may take the form of a merger, a capital stock exchange, an asset acquisition, a stock purchase, a reorganization, or other comparable strategic transaction with one or more established businesses. The company was incorporated on February 25, 2020, and maintains its principal office in Bellevue, Washington.
OSR Health Receives Nasdaq Staff Delisting Determination and Intends to Request Hearings Panel Appeal
OSR Health received a Staff Delisting Determination from Nasdaq notifying the company that its securities are subject to delisting due to a failure to regain compliance with the minimum bid price requirement.
The company intends to appeal the decision, citing extraordinary trading volume of approximately 370 million shares on August 17 and an intraday high of $0.84 on August 18, which was close to the $1.00 threshold.
Trading will be suspended on August 26, 2026, as the company exhausted its initial compliance periods, though the company plans to request a hearing before a Nasdaq panel.