OSR Health flags unusual Nasdaq trading as stock nears $1 compliance threshold

OSR Holdings issued a shareholder letter addressing heavy trading, Nasdaq compliance risk, and the status of its Shareholder Loyalty CVR Program.

The company said 370 million shares traded on Aug. 17 and 145 million shares on Aug. 18, and cited a public float of about 18.5 million shares.

OSR said the stock hit $0.84 intraday on Aug. 18 before falling sharply late in the session. The company said it is reviewing trading data and may share its findings with authorities.

It also said it has not received a Nasdaq compliance notice, but plans to request a hearing if a Staff Delisting Determination is issued.

OSR said the CVR program remains designed for a Nasdaq listing, but management intends to honor it regardless of listing venue.