Osiris Acquisition (OSI) - 2023 Q4 - Annual Report

Executive Compensation - The company incurred approximately $100,000 in compensation for each of its three executive officers in fiscal year 2023[371]. - The compensation committee is responsible for reviewing and approving executive compensation policies and plans[353]. Ownership Structure - Osiris Sponsor, LLC holds 4,862,500 shares of Class B common stock, representing 84.6% of that class[376]. - Jefferies Financial Group Inc. owns 2,277,000 shares of Class A common stock, accounting for 73.4% of that class[376]. - The total beneficial ownership of all directors and executive officers as a group is 5,692,500 shares, which is 99.0% of Class B common stock[376]. - The sponsor beneficially owns 54.9% of the issued and outstanding shares of the common stock, allowing them to influence significant corporate transactions[380]. - In December 2020, the sponsor purchased 8,625,000 founder shares for a total of $25,000, approximately $0.003 per share[381]. Financial Obligations - Monthly recurring expenses of $10,000 for office space and administrative services will total $360,000 if the initial business combination takes the maximum 36 months[371]. - An aggregate of $230,000,000 was placed in a trust account at the closing of the Initial Public Offering[382]. - The company instructed the trustee to liquidate U.S. government treasury obligations and hold all funds in cash to mitigate the risk of being deemed an unregistered investment company[315]. - The funds in the trust account are currently in interest-bearing savings accounts paying approximately 3.0% interest[315]. Corporate Governance - The company has adopted a Code of Ethics applicable to its directors, officers, and employees[361]. - The board of directors has established corporate governance guidelines that cover various operational areas[363]. - The company has entered into agreements to indemnify its officers and directors to the fullest extent authorized by Delaware law[365]. - No delinquent filers were reported for Section 16(a) compliance during the year ended December 31, 2023[360].