Item 3. Legal Proceedings
Item 3. Legal Proceedings
We may from time to time become subject to a range of actual or potential
claims, lawsuits and other legal and administrative proceedings (including those described below) that may arise in the ordinary course
of business. Some of these claims, lawsuits and other proceedings may range in complexity and result in substantial uncertainty; it is
possible that they may result in damages, fines, penalties, non-monetary sanctions, or relief.
In March and May of 2025, Company Management became aware of a civil
action filed against the Company by Benjamin Securities, Inc., in Supreme Court, New York County, seeking $425,000.00 in brokerage fees
and costs that the plaintiff alleges are due and owing. As of September 30, 2025, the matter remains pending.
On September 2, 2025, Chardan Capital Markets, LLC filed a complaint
(the “Complaint”) in the United States District Court for the Southern District of New York against the Company and Kuk Hyoun
Hwang ( Chardan Capital Markets, LLC v. OSR Holdings, Inc. et al. , No. 1:25-cv-07285-SHS). The Complaint asserts claims for breach
of contract and related causes of action. The case has been assigned to Judge Sidney H. Stein, with Magistrate Judge Robert W. Lehrburger
designated to handle matters that may be referred in this action.
Service of process was waived on September 5, 2025, and an answer to
the Complaint was filed on November 4, 2025. On October 6, 2025, the Court entered a Civil Case Management Plan and Scheduling Order setting
discovery deadlines. The parties are currently engaged in settlement discussions while discovery proceeds.
Item 4. Mine Safety Disclosures
Not applicable.
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PART II
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