OSR Holdings shares fall 7.75% premarket after strategic update on Woori IO Term Sheet.

Osr Holdings, Inc. dropped 7.75% in premarket trading, with the company providing a strategic update on its Term Sheet with Woori IO Co., Ltd. The transaction, once completed, will result in WORIO becoming a wholly owned subsidiary of OSR Holdings Co., Ltd. As previously disclosed, WORIO shareholders will receive newly issued OSRK shares, along with a conditional right to exchange those shares for OSRH common stock.