Form 8-K
8-K — OSR Health, Inc.
Accession: 0001213900-26-110051
Filed: 2026-10-16
Period: 2026-10-15
CIK: 0001840425
SIC: 3841 (SURGICAL & MEDICAL INSTRUMENTS & APPARATUS)
Item: Entry into a Material Definitive Agreement
Item: Financial Statements and Exhibits
Documents
8-K — ea0308725-8k_osrhealth.htm (Primary)
EX-10.1 — AMENDMENT NO. 1, DATED OCTOBER 15, 2026, TO THE GLOBAL EXCLUSIVE LICENSE AGREEMENT FOR VXM01, EFFECTIVE APRIL 29, 2026, BY AND AMONG OSR HEALTH, INC., VAXIMM AG AND BCM EUROPE AG (ea030872501ex10-1.htm)
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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):
October 15, 2026
OSR HEALTH, INC.
(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 1.01. Entry into a Material Definitive
Agreement.
As previously disclosed, OSR Health, Inc. (the
“Company”), its wholly owned subsidiary Vaximm AG, and BCM Europe AG (“BCME”) are parties to a Global Exclusive
License Agreement for VXM01, effective April 29, 2026 (the “License Agreement”), under which the Company holds a put option
(the “Equity Option”) to require BCME to purchase up to $15,000,000 of the Company’s common stock.
On October 15, 2026, the parties entered into
Amendment No. 1 to the License Agreement (the “Amendment”), which adds the following new Section 6.10:
6.10 Alternative Settlement (Convertible
Note Option)
(a) Acknowledgment. The Parties
acknowledge that the delisting determination issued by the Nasdaq Staff on August 19, 2026 is a material subsequent development affecting
settlement of the Equity Option. The rights in this Section 6.10 apply whether or not that determination is later stayed, extended, conditionally
granted or followed by relisting.
(b) Election. OSRH may, by written
notice to BCME (the “Note Election Notice”), change all or part of the unexercised Equity Option into a Convertible Note Option,
whereby OSRH, or its affiliate, shall issue Convertible Notes in an aggregate principal amount of up to $15,000,000 (less amounts previously
settled under the Equity Option), and BCME shall purchase, or shall effectuate a third party to purchase, such Convertible Notes at par.
The Equity Option terminates as to the elected amount.
(c) Conversion prices. The Convertible
Notes shall be issued in four tranches of $3,750,000 each, convertible into OSRH common stock at fixed conversion prices of approximately
$2.00, $3.00, $4.00 and $5.00 per share, respectively. If the Minimum Price (as defined in Nasdaq Rule 5635) on the date of the purchase
commitment exceeds the conversion price of any tranche, that tranche’s conversion price is the Minimum Price. Conversion prices
are not subject to reset.
(d) Purchaser and closing certainty.
BCME has identified the purchaser and shall deliver the purchaser’s binding commitment to purchase the Convertible Notes with
or before the Note Election Notice. Closing occurs no fewer than twenty (20) Business Days after the Note Election Notice. If the purchase
does not close within ten (10) Business Days after the scheduled closing date, the Note Election Notice is deemed withdrawn, the Equity
Option is reinstated in full as to the elected amount, and the Exercise Window is extended by the period elapsed. BCME’s obligations
under the reinstated Equity Option are unaffected.
The foregoing description of the Amendment is
qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
10.1
Amendment No. 1, dated October 15, 2026, to the Global Exclusive License Agreement for VXM01, effective April 29, 2026, by and among OSR Health, Inc., Vaximm AG and BCM Europe AG.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
1
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: October 16, 2026
OSR HEALTH, INC.
By:
/s/ Kuk Hyoun Hwang
Name:
Kuk Hyoun Hwang
Title:
Chief Executive Officer
2
EX-10.1 — AMENDMENT NO. 1, DATED OCTOBER 15, 2026, TO THE GLOBAL EXCLUSIVE LICENSE AGREEMENT FOR VXM01, EFFECTIVE APRIL 29, 2026, BY AND AMONG OSR HEALTH, INC., VAXIMM AG AND BCM EUROPE AG
EX-10.1
Filename: ea030872501ex10-1.htm · Sequence: 2
Exhibit 10.1
AMENDMENT NO. 1
TO THE
GLOBAL EXCLUSIVE LICENSE AGREEMENT FOR VXM01
This AMENDMENT NO. 1 (this “Amendment”)
is entered into as of October 15, 2026 (the “Amendment Effective Date”), by and among:
(1) OSR Health, Inc. (formerly known as OSR Holdings, Inc.), a Delaware corporation with its principal
place of business at 10900 NE 4th Street, Suite 2300, Bellevue, Washington 98004, USA (“OSRH”);
(2) Vaximm AG, a Swiss stock corporation (Aktiengesellschaft) with its registered office in Basel,
Switzerland, and a wholly owned subsidiary of OSRH (“Vaximm” and, together with OSRH, the “Licensor”); and
(3) BCM Europe AG, a Swiss stock corporation (Aktiengesellschaft) with its registered office in Zug,
Switzerland (“BCME” or “Licensee”).
OSRH, Vaximm and BCME are each referred to herein
as a “Party” and together as the “Parties.”
RECITALS
A. The Parties are parties to the Global Exclusive License Agreement for VXM01, dated as of and effective
April 29, 2026 (the “Agreement”).
B. Article 6 of the Agreement grants OSRH the Equity Option, under which OSRH may require BCME to purchase
up to USD 15,000,000 of OSRH common stock on the terms set out therein.
C. On August 19, 2026, the Nasdaq Staff issued a delisting determination with respect to OSRH’s common
stock, and the Parties wish to provide an alternative means of settling the Equity Option.
D. Section 15.2 of the Agreement provides that the Agreement may be amended only by a written instrument
duly executed by authorized representatives of all Parties.
NOW, THEREFORE, in consideration of the mutual
covenants set out herein and in the Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties agree as follows:
1. Definitions. Capitalized terms used but not defined in this Amendment have the meanings given to
them in the Agreement.
1
2. Addition of Section 6.10. Article 6 of the Agreement is hereby amended by adding the following
new Section 6.10 immediately after Section 6.9:
“6.10 Alternative Settlement (Convertible Note Option)
(a) Acknowledgment. The Parties acknowledge that the delisting determination issued by the Nasdaq Staff
on August 19, 2026 is a material subsequent development affecting settlement of the Equity Option. The rights in this Section 6.10 apply
whether or not that determination is later stayed, extended, conditionally granted or followed by relisting.
(b) Election. OSRH may, by written notice to BCME (the “Note Election Notice”), change
all or part of the unexercised Equity Option into a Convertible Note Option, whereby OSRH, or its affiliate, shall issue Convertible Notes
in an aggregate principal amount of up to $15,000,000 (less amounts previously settled under the Equity Option), and BCME shall purchase,
or shall effectuate a third party to purchase, such Convertible Notes at par. The Equity Option terminates as to the elected amount.
(c) Conversion prices. The Convertible Notes shall be issued in four tranches of $3,750,000 each, convertible
into OSRH common stock at fixed conversion prices of approximately $2.00, $3.00, $4.00 and $5.00 per share, respectively. If the Minimum
Price (as defined in Nasdaq Rule 5635) on the date of the purchase commitment exceeds the conversion price of any tranche, that tranche’s
conversion price is the Minimum Price. Conversion prices are not subject to reset.
(d) Purchaser and closing certainty. BCME has identified the purchaser and shall deliver the purchaser’s
binding commitment to purchase the Convertible Notes with or before the Note Election Notice. Closing occurs no fewer than twenty (20)
Business Days after the Note Election Notice. If the purchase does not close within ten (10) Business Days after the scheduled closing
date, the Note Election Notice is deemed withdrawn, the Equity Option is reinstated in full as to the elected amount, and the Exercise
Window is extended by the period elapsed. BCME’s obligations under the reinstated Equity Option are unaffected.”
3. Business Day. Article 1 of the Agreement is hereby amended by adding the following definition in
the appropriate alphabetical order: “‘Business Day’ means any day other than a Saturday, a Sunday or a day on which
commercial banks in New York, New York, USA or Zurich, Switzerland are authorized or required by law to remain closed.”
4. Name of OSRH. The Parties acknowledge that OSR Holdings, Inc. has changed its corporate name to
OSR Health, Inc., and that all references in the Agreement to “OSR Holdings, Inc.” or “OSRH” shall be read as
references to OSR Health, Inc.
5. Effect of Amendment. Except as expressly amended by this Amendment, the Agreement remains unchanged
and in full force and effect and is hereby ratified and confirmed. On and after the Amendment Effective Date, each reference in the Agreement
to “this Agreement,” “hereunder,” “hereof” or words of like import shall mean the Agreement as amended
by this Amendment. In the event of any conflict between this Amendment and the Agreement, this Amendment shall control.
6. Governing Law and Disputes. This Amendment shall be governed by and construed in accordance with
Section 14.3 of the Agreement, and any dispute arising out of or in connection with this Amendment shall be resolved in accordance with
Article 14 of the Agreement.
7. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be
deemed an original and all of which together shall constitute one and the same instrument. Electronic signatures, including PDF and DocuSign,
shall be deemed original signatures for all purposes, in accordance with Section 15.9 of the Agreement.
[Signature page follows]
2
IN WITNESS WHEREOF, the Parties have caused this
Amendment No. 1 to be executed by their duly authorized representatives as of the Amendment Effective Date.
OSR HEALTH, INC.
(formerly OSR Holdings, Inc.)
By:
/s/ Yeiseok Kim
Name:
Yeiseok Kim
Title:
Chief Operating Officer
Date:
October 15, 2026
VAXIMM AG
By:
/s/ Andreas Niethammer
Name:
Dr. Andreas Niethammer
Title:
Chief Executive Officer
Date:
October 15, 2026
BCM EUROPE AG
By:
/s/ Ralf Kubli
Name:
Ralf Kubli
Title:
Chief Operating Officer
Date:
October 15, 2026
[Signature Page to Amendment No. 1 to the Global
Exclusive License Agreement for VXM01]
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