debt
confidence high
sentiment neutral
materiality 0.70
OSR Holdings enters financing agreements with White Lion Capital for $1.11M convertible notes and $78.9M ELOC
OSR Holdings, Inc.
- Secured $1,110,000 in convertible notes at 5% interest; first $400,000 due after S-1 filing, second $600,000 after effective date.
- Warrants issued for up to $4,000,000 in shares at $1.584 per share, exercisable for 5 years; conversion at 95% of lowest 15-day VWAP.
- ELOC amended to allow OSR to sell up to $78.9M in common stock to White Lion, subject to daily volume and pricing limitations.
- Conversion capped at 4.99% of shares outstanding; 10% of ELOC proceeds allocated to note repayment.
- No material non-public information disclosed; reliance on exemption from registration.