Form 4: Jefferies Financial Group Inc. Reports Redemption of Osiris Acquisition Corp. Shares

Jefferies Financial Group Inc. reports the redemption of its Class A Common Stock in Osiris Acquisition Corp. at a price of approximately $10.6506578 per share.

Summary

• On May 30, 2024, Osiris Acquisition Corp. redeemed all outstanding Class A Common Stock included in the units issued during its initial public offering.
• The redemption price was approximately $10.6506578 per share.
• As of the close of business on or about May 30, 2024, the Public Shares were deemed cancelled and represented only the right to receive the redemption amount.
• Jefferies LLC owned 2,277,000 shares of Class A common stock of Osiris Acquisition Corp.
• Jefferies LLC is a wholly-owned direct subsidiary of Jefferies Financial Group Inc.
• Jefferies Financial Group Inc. disclaims beneficial ownership over the securities held by Jefferies, except to the extent of its pecuniary interest therein.

Sentiment

Score: 7

Explanation: The document is neutral, reporting a standard redemption event. The sentiment is slightly positive as investors receive their capital back with a small return.

Positives

• The redemption provides Jefferies LLC with a return of capital.

Management Comments

• Jefferies Financial Group Inc. disclaims beneficial ownership over the securities held by Jefferies, except to the extent of JFG's pecuniary interest therein.

Industry Context

This filing reflects the completion of a redemption event common in the SPAC (Special Purpose Acquisition Company) lifecycle, where if a suitable acquisition target is not found within a specified timeframe, the funds are returned to shareholders.

Comparison to Industry Standards

• SPAC redemptions are a common occurrence when a target company is not identified within the given timeframe, leading to the return of capital to investors.
• The redemption price is typical for SPACs that hold funds in trust, reflecting the initial investment plus accrued interest.

Stakeholder Impact

• Shareholders of Osiris Acquisition Corp. received approximately $10.6506578 per share for their Class A Common Stock.

Key Dates