
OSR Holdings Amends Equity Purchase Agreement with White Lion Capital, Introducing Flexible Intraday and Fixed Purchase Mechanisms
OSR Holdings, Inc. has entered into Amendment No. 2 to its Common Stock Purchase Agreement with White Lion Capital, LLC, enhancing its equity financing capabilities. The amendment introduces new purchase mechanisms, including intraday purchase notices allowing the company to sell shares at 90% of the daily volume-weighted average price (VWAP), and fixed purchase notices based on 90% of the VWAP over the three preceding business days. These changes provide OSRH with greater flexibility in accessing capital, with settlement typically occurring within one business day. While offering improved liquidity management, the agreement also includes provisions for price adjustments if the stock falls below a specified threshold, potentially leading to sales at 99% of that threshold price, which could imply dilution for existing shareholders.
Key Highlights
- OSR Holdings, Inc. entered into Amendment No. 2 to its Common Stock Purchase Agreement with White Lion Capital, LLC on April 7, 2026.
- The amendment introduces intraday purchase notices, allowing OSRH to sell shares based on 90% of the volume-weighted average price (VWAP) during the applicable trading day.
- Fixed purchase notices are also introduced, enabling OSRH to sell shares based on 90% of the VWAP over the three consecutive business days immediately preceding the notice date.
- Settlement for these purchases is generally expected within one business day following the applicable valuation period or notice date.
- The agreement includes threshold price adjustment provisions for certain purchase notices (excluding fixed purchase notices), where the purchase price may be based on 99% of a specified threshold price if the market price falls to or below it.
- The ELOC Amendment revises defined terms such as “Purchase Notice” and “Purchase Notice Limit” and adds new forms of purchase notices.
Price Impact
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