Current Report Filing (8-k)
April 24 2023 - 4:32PM
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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): April 24, 2023 (April 18, 2023)
Osiris Acquisition Corp.
(Exact name of registrant as specified in its charter)
| Delaware |
001-40402 |
85-3636928 |
(State or other jurisdiction
of incorporation) |
(Commission
File Number) |
(I.R.S. Employer
Identification No.) |
|
95 5th Avenue, 6th Floor
New York, NY 10003 |
10003 |
| (Address of principal executive offices) |
(Zip Code) |
(646)
993-4635
(Registrant’s telephone number, including area code)
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 communication 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 |
|
Units, each consisting of one share of
Class A common stock, $0.0001 par value, and one-half of one warrant |
|
OSI.U |
|
New York Stock Exchange |
| Class A common stock |
|
OSI |
|
New York Stock Exchange |
| Warrants included as part of the units |
|
OSI WS |
|
New York Stock Exchange |
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 x
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. |
On April 24, 2023, Osiris Acquisition Corp. (the “Company”)
entered into Amendment No. 1 (“Amendment No. 1”) to the unsecured promissory note originally in the principal amount
up to $1,600,000 (the “Promissory Note”) to Osiris Sponsor LLC, a Delaware limited liability company (the “Sponsor”),
pursuant to which the Sponsor agreed to loan to the Company up to $1,600,000. Amendment No. 1 increases the maximum principal amount
of the Promissory Note from $1,600,000 to $3,000,000.
The
foregoing description of Amendment No. 1 is qualified in its entirety by reference to the full text of Amendment No. 1
which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
| Item 2.03 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement or a Registrant. |
On April 24, 2023, the Company effected a drawdown of $1,000,000
under the Promissory Note. The aggregate principal amount outstanding under the Promissory Note is now $2,500,000. The Promissory Note
bears interest at a rate of 0.96% per annum and is payable on the earlier of an initial business combination or the liquidation of the
Company.
The foregoing description of the Promissory Note is qualified in its
entirety by reference to the full text of the Promissory Note, which was filed as Exhibit 10.1 to the Company’s Quarterly Report
on Form 10-Q for the period ended March 31, 2022 filed with the U.S. Securities and Exchange Commission (the “SEC”)
on May 16, 2022.
| Item 3.01 |
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On April 18, 2023, the Company received a notice from the New
York Stock Exchange (“NYSE”) stating that the Company was not in compliance with Section 802.01E of the NYSE Listed Company
Manual as a result of its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2022 with the
SEC (the “2022 Form 10-K”). On April 19, 2023, the Company filed the 2022 Form 10-K and was advised by the NYSE that
no further action was required or would be taken by the NYSE.
| Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits. The following exhibits are filed with this Form 8-K:
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| |
OSIRIS ACQUISITION CORP. |
| |
|
| Date: April 24, 2023 |
|
| |
|
| |
By: |
/s/
Benjamin E. Black |
| |
|
Name: Benjamin E. Black |
| |
|
Title: Chief Executive Officer |
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