OSR Holdings Eliminates $2.02M Warrant Overhang via $1.06M Convertible Note and ELOC Amendment

On April 7, 2026, OSR Holdings, Inc. entered into a Note Purchase Agreement with White Lion Capital, LLC to issue a Senior Secured Convertible Promissory Note in the principal amount of $1,055,555.55. In consideration, the Company received $500,000 in cash and a reduction of approximately $2.02 million in outstanding warrants held by White Lion, effectively cancelling them and eliminating a significant warrant overhang. The Note bears 5% interest, matures in nine months, and is convertible into common stock at $1.00 per share (subject to adjustments). Concurrently, the Company entered into Amendment No. 2 to its existing Common Stock Purchase Agreement (ELOC) with White Lion. This amendment introduces new "Intraday" and "Fixed" purchase mechanisms, allowing the Company to request equity draws based on 90% of the VWAP over specified periods. The Note is secured by substantially all of the Company's assets. Proceeds are intended for general corporate purposes and strengthening the balance sheet.