---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-052922"
form_type: "8-K/A"
ticker: "OSRH"
cik: "0001840425"
company_name: "OSR Holdings, Inc."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:54:01.019645+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OSR Holdings files fairness opinion for $815M VXM01 license deal with BCME

## Summary
- Fairness opinion values VXM01 standalone risk-adjusted NPV at ~$93.4M median; deal offers up to $815M milestone payments, no upfront.
- BCME, OSRH's largest shareholder, is licensee; transaction is related-party; opinion deems terms fair to unaffiliated shareholders.
- Equity participation right: OSRH can issue up to $15M common at $10/share (~1,567% premium to $0.60 market) at its discretion.
- Royalty pass-through: BCME recovers a preferred return (up to 15% compounded) from downstream royalties before passing 100% to OSRH.
- Blockchain-based TAC token mechanism excluded from fairness opinion; may require separate opinion or deletion.

## SEC filing metadata
- accession: 0001213900-26-052922
- form_type: 8-K/A
- ticker: OSRH
- cik: 0001840425
- company_name: OSR Holdings, Inc.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840425/000121390026052922/0001213900-26-052922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840425/000121390026052922/ea0289503-8ka1_osr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-052922
- JSON: https://secwatch.observer/filing/0001213900-26-052922.json
- Plain text: https://secwatch.observer/filing/0001213900-26-052922.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.