secwatch.observer — SEC 8-K summary
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Issuer:     OSR Holdings, Inc. (OSRH)
CIK:        0001840425
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001193125-24-241077
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bellevue Life Sciences SPAC issues $800K convertible promissory note to Duksung Co., Ltd.
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- Principal $800K, 5% simple interest; 7% if prepaid after March 31, 2025.
- Automatically converts into common stock at $8.10/share upon Qualified PIPE closing (min $1.5M).
- Qualified PIPE must occur before or simultaneously with business combination with OSR Holdings.
- Maturity October 15, 2025; no prepayment before March 31, 2025 unless PIPE fails.
- Note includes trust account waiver and escrow of 400K shares by BCM Europe AG.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840425/000119312524241077/0001193125-24-241077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840425/000119312524241077/d842341d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-241077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer