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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 19, 2026
(Exact Name of Registrant as Specified in Charter)
| Delaware |
|
001-41390 |
|
84-5052822 |
| (State or Other Jurisdiction |
|
(Commission File Number) |
|
(IRS Employer |
| of Incorporation) |
|
|
|
Identification No.) |
| 10900 NE 4th Street, Suite 2300, Bellevue, WA |
|
98004 |
| (Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code (425) 635-7700
| Not Applicable |
| (Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) |
Securities registered pursuant to Section
12(b) of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on
which registered |
| Common stock, par value $0.0001 per share |
|
OSRH |
|
The Nasdaq Stock Market LLC |
| Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per share |
|
OSRHW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
On August 19, 2026, OSR Health, Inc. (the “Company”) received
a Staff Determination Letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying
the Company that Nasdaq has determined to delist the Company’s common stock and warrants from the Nasdaq Capital Market.
As previously disclosed, the Company was not in compliance with Nasdaq
Listing Rule 5550(a)(2), which requires a minimum closing bid price of $1.00 per share. Although the Company was granted compliance periods
through August 31, 2026, Nasdaq determined that the Company could not regain compliance by that date because compliance would require
a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days.
Nasdaq advised that trading in the Company’s common stock and
warrants will be suspended at the opening of business on August 26, 2026, and that Nasdaq will file a Form 25-NSE with the Securities
and Exchange Commission to remove the Company’s securities from listing and registration on Nasdaq. The Company’s warrants
are also subject to delisting because the underlying common stock will no longer be listed.
The Company intends to request a hearing before a Nasdaq Hearings Panel
(the “Panel”) by 4:00 p.m. Eastern Time on August 26, 2026, pursuant to the procedures set forth in the Nasdaq Listing Rule
5800 Series. Because the Company was previously granted a second 180-day compliance period, a timely hearing request will not stay the
scheduled suspension of trading in the Company’s securities at the opening of business on August 26, 2026. However, a timely hearing
request is expected to stay the filing of the Form 25-NSE and, therefore, the final formal delisting of the Company’s securities
from listing and registration on Nasdaq, pending the issuance of the Panel’s decision.
If the Company does not timely request a hearing, or if the Panel does
not grant the Company’s request for continued listing, Nasdaq will file the Form 25-NSE to remove the Company’s securities
from listing and registration. There can be no assurance that the Company’s hearing request will result in continued listing or
that the Company will regain compliance with Nasdaq’s listing requirements.
Item 7.01. Regulation FD Disclosure.
On August 19, 2026, OSR Health, Inc. (the “Company”) issued
a press release announcing its receipt of the Staff Delisting Determination from the Listing Qualifications Department of The Nasdaq Stock
Market LLC and its intention to request a hearing before a Nasdaq Hearings Panel. A copy of the press release is furnished as Exhibit
99.1 to this Current Report on Form 8-K.
The information furnished under this Item 7.01, including Exhibit 99.1,
shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Forward-Looking Statements
This Current Report on Form 8-K contains
forward-looking statements within the meaning of the federal securities laws, including statements regarding the Company’s intention
to request a hearing before the Panel, the anticipated suspension of trading in the Company’s securities, the potential filing
of a Form 25-NSE, and the Company’s ability to regain or maintain compliance with Nasdaq’s listing requirements. These statements
involve known and unknown risks and uncertainties, and actual results may differ materially. There can be no assurance that the Company
will be granted a hearing, that any plan of compliance will be accepted by the Panel, or that the Company will maintain the listing of
its securities on Nasdaq. The Company undertakes no obligation to update any forward-looking statements except as required by law.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. |
|
Description |
| 99.1 |
|
Press release issued by OSR Health, Inc., dated August 19, 2026, titled “OSR Health Receives Nasdaq Staff Delisting Determination; Intends to Request Hearings Panel Appeal.” |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 19, 2026
| |
OSR HEALTH, INC. |
| |
|
|
|
| |
By: |
/s/
Kuk Hyoun Hwang |
| |
|
Name: |
Kuk Hyoun Hwang |
| |
|
Title: |
Chief Executive Officer |
Exhibit
99.1
OSR
Health Receives Nasdaq Staff Delisting Determination and Intends to Request Hearings Panel Appeal
BELLEVUE,
WA / ACCESS Newswire / August 19, 2026 / OSR Health, Inc. (Nasdaq: OSRH) (“OSR Health” or the “Company”)
today announced that it has received a written Staff Delisting Determination (the “Determination”) from the Nasdaq Listing
Qualifications Department notifying the Company that its common stock and warrants are subject to delisting from The Nasdaq Capital Market
as a result of the Company’s failure to regain compliance with the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2).
Nasdaq
Hearing Request
The Company
intends to request a hearing before the Nasdaq Independent Hearings Panel (the “Panel”) to appeal the Staff Determination,
pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The Company believes it has a compelling case to present
to the Panel based on the totality of the circumstances, including OSRH’s trading history since listing, the extraordinary market
activity observed in OSRH shares on August 17 and 18, 2026 — the two trading days immediately preceding the effective compliance
deadline — and the Company’s underlying business fundamentals.
On August
17, 2026, OSRH ranked #1 in Most Active Share Volume across all of Nasdaq, with approximately 370 million shares traded. On August 18,
2026, the Company ranked #3, with approximately 145 million shares traded. OSRH’s public float is approximately 18.5 million shares
meaning the market traded the Company’s entire public float more than twenty times over in a single day. The Company’s share
price reached an intraday high of $0.84 on August 18, sixteen cents from the $1.00 compliance threshold, before declining in the final
hours of trading.
The Company
believes these market dynamics, and the circumstances that contributed to the compliance shortfall, represent a compelling basis for
the Panel’s consideration.
“The
market spoke with extraordinary conviction on August 17 and 18,” said Peter Hwang, Chief Executive Officer of OSR Health. “370
million shares traded in a single day against an 18.5 million share float. We came within sixteen cents of compliance. We are requesting
a Panel hearing because we believe the facts support our case, and because our shareholders, who have demonstrated their conviction in
this Company so clearly, deserve nothing less than our full effort to fight for continued listing. Whatever the outcome of that process,
our commitment to our shareholders does not change.”
| Important
Notice Regarding Trading: Because the Company utilized the second 180-day compliance period under Nasdaq rules, a
timely hearing request will not automatically stay the trading suspension. The Company’s common stock (OSRH) and warrants (OSRHW)
will be suspended from trading on The Nasdaq Capital Market at the opening of business on August 26, 2026. The Company will provide
further updates to shareholders regarding the status of its securities as developments warrant. |
About
the Staff Determination
The Company
was originally notified of its non-compliance with the minimum bid price requirement on September 5, 2025, and was provided an initial
180-calendar-day compliance period through March 4, 2026. On March 5, 2026, the Company received an additional 180-calendar-day compliance
period through August 31, 2026. The Staff Determination states that the Company did not regain compliance with the minimum bid price
requirement during the applicable compliance period.
The Company
intends to request a hearing before the Panel. There can be no assurance that the Panel will grant the Company’s request for continued
listing or reinstatement of trading.
A copy of
this press release is being filed as Exhibit 99.1 to a Current Report on Form 8-K filed by the Company with the Securities and Exchange
Commission on the date hereof.
About
OSR Health, Inc.
OSR Health,
Inc. (NASDAQ:OSRH) is a global healthcare holding company dedicated to advancing biomedical innovations in health and wellness. Through
its subsidiaries, OSR Health engages in immuno-oncology, regenerative biologics, and medical device technologies to improve health outcomes
worldwide. Learn more at www.OSR-Health.com.
Investor
Contact
OSR Health,
Inc.
Investor
Relations
ir@osr-health.com
Forward-Looking
Statements
This communication
contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements
regarding the Nasdaq Hearings Panel process and anticipated outcome, the Company’s intention to request a hearing before the Panel,
the anticipated suspension of trading in the Company’s securities, the Company’s ability to regain or maintain compliance
with Nasdaq’s listing requirements, and the Company’s business prospects and strategic direction. Forward-looking statements
involve risks and uncertainties that may cause actual results to differ materially, including the outcome of the Nasdaq appeals process,
market conditions, and other risks described in the Company’s SEC filings. The Company undertakes no obligation to update any forward-looking
statement except as required by law.