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OSR Health, Inc. logo
OSRH$0.156-2.50%

OSR Health, Inc.

Sector: Surgical & Medical Instruments & ApparatusIndustry: BiotechnologyCountry: USExchange: OTC

Mkt Cap$5.48M
Float & O/S
Inst Own

DilutionScan read 29 of OSR Health, Inc.'s SEC filings and found 3 warrant series, 4 convertibles, 1 equity line, 1 S-1 registration and 4 completed offerings on file for OSRH. The latest dilution event on file is an offering on Apr 7, 2026. Analysis updated Oct 16, 2026.

Signal8 Summary

OSRH

Negative cash runway

Snapshot

OSR Holdings is a biotech micro-cap with a shrinking business and negative cash runway. FY 2025 revenue was $2.9M (down 17.7% YoY), and the company lost $18.0M, with a gross margin of 20.4%. Operating cash flow was $-4.3M, and free cash flow was $-4.5M.

What's Happening Right Now

  • : CEO Kuk Hyoun Hwang committed to no reverse stock split, providing transparency regarding the company's strategy.
  • : OSR Holdings signed an $815 million global license agreement for VXM01 with BCM Europe, reinforcing alignment with public shareholders.
  • : OSR Holdings eliminated $2.02 million of warrant overhang by consolidating them into a convertible promissory note.
  • : OSR Holdings received a 180-day Nasdaq extension to regain compliance with the minimum $1.00 bid price requirement.

Raise routes on file: effective S-1 + active equity line · latest dilution event 210 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Apr 7, 2026 · Offering

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 1

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2025

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 3

What is this?

Exercise price, shares and dates with Pro

Warrant

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2025

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 4

What is this?

Principal, conversion terms and dates with Pro

Convertible

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Repaid

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Not yet issued

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Equity line · 1

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2025

Active

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Offerings · 4

What is this?

Proceeds, price, shares and agent with Pro

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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