OSR Health, Inc. (NASDAQ: OSRH) announced a Shareholder Loyalty Program that would distribute non-transferable Contingent Value Rights (CVRs) to shareholders of record, tentatively as of July 31, 2026, according to a company press release.

Under the program, shareholders would receive one CVR for each share held on the record date. As the stock reaches defined price milestones over the 12 months following the record date, continuous holders would automatically receive additional shares of common stock at no additional cost.

The program is structured in four cumulative tiers. At Tier 1, if the stock reaches $2.00 within three months, holders receive 0.5 additional shares per CVR, growing their position to 1.5 times the original. At Tier 2, a $3.00 price trigger at six months delivers 1.0 additional share per CVR, reaching 2.5 times. Tier 3 requires a $4.00 price at nine months for 1.5 additional shares, reaching 4.0 times. Tier 4 requires a $5.00 price at 12 months for 2.0 additional shares, reaching a cumulative 6.0 times the original position if all milestones are met.

The CVRs are non-transferable and carry no standalone value. Shareholders who sell or transfer their underlying shares would forfeit the associated CVRs. Enrollment and periodic confirmation of holdings through a program administrator would be required.

"We designed this program for the shareholders who believe in the future OSR Health is building," said Peter Hwang, Chief Executive Officer. "Too often, the investors who stay the course get no special recognition for their conviction, and we want to change that."

The Board of Directors has authorized management to proceed, subject to receipt of a legal opinion confirming compliance with applicable securities laws. Distribution of shares is also contingent on an effective registration statement or available exemption. Full terms are to be set out in SEC filings.

The company noted that additional share issuances under the program could have a dilutive effect on existing holders, and the CVRs may expire without delivering any shares if price milestones are not reached.