Legal Proceedings
−Removed: We currently do not have any claims, lawsuits, or proceedings against
−Removed: us that, individually or in the aggregate, would be considered material to our business or likely to result in a material adverse effect
−Removed: on our future operating results, financial condition, or cash flows.
−Removed: We may from time to time become subject to a range of actual or
−Removed: potential claims, lawsuits and other legal and administrative proceedings that may arise in the ordinary course of business.
−Removed: these claims, lawsuits and other proceedings may range in complexity and result in substantial uncertainty;
−Removed: it is possible that they
−Removed: may result in damages, fines, penalties, non-monetary sanctions, or relief.
−Removed: In March and May of 2025, Company Management became aware of a civil action
−Removed: filed against the Company by Benjamin Securities, Inc.
−Removed: in Supreme Court, New York County, seeking $425,000.00 in brokerage fees and costs
−Removed: that the plaintiff alleges are due and owing.
−Removed: As of June 30, 2025, the matter remains pending.
+Added: We may from time to time become subject to a range
+Added: of actual or potential claims, lawsuits and other legal and administrative proceedings (including those described below) that may arise
+Added: in the ordinary course of business.
+Added: Some of these claims, lawsuits and other proceedings may range in complexity and result in substantial
+Added: it is possible that they may result in damages, fines, penalties, non-monetary sanctions, or relief.
+Added: In March and May of 2025, Company Management became
+Added: aware of a civil action filed against the Company by Benjamin Securities, Inc., in Supreme Court, New York County, seeking $425,000.00
+Added: in brokerage fees and costs that the plaintiff alleges are due and owing.
+Added: As of September 30, 2025, the matter remains pending.
+Added: On September 2, 2025, Chardan Capital Markets,
+Added: LLC filed a complaint (the “Complaint”) in the United States District Court for the Southern District of New York against
+Added: the Company and Kuk Hyoun Hwang ( Chardan Capital Markets, LLC v.
+Added: OSR Holdings, Inc.
+Added: 1:25-cv-07285-SHS).
+Added: The Complaint
+Added: asserts claims for breach of contract and related causes of action.
+Added: The case has been assigned to Judge Sidney H.
+Added: Stein, with Magistrate
+Added: Judge Robert W.
+Added: Lehrburger designated to handle matters that may be referred in this action.
+Added: Service of process was waived on September 5,
+Added: 2025, and an answer to the Complaint was filed on November 4, 2025.
+Added: On October 6, 2025, the Court entered a Civil Case Management Plan
+Added: and Scheduling Order setting discovery deadlines and scheduling a status conference for January 8, 2026, before Judge Stein.
+Added: is currently in the early discovery stages.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.