Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 5

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 5
---
writers exercise the option in full, assuming the public offering price per share is US$[•], the total underwriting discounts payable will be US$[•], and the total proceeds to us, before expenses, will be US$[•]. The underwriters expect to deliver the Class A Ordinary Shares against payment as set forth under “Underwriting”, on or about [•], 2025. We expect our total cash expenses for this offering (excluding cash expenses payable to our underwriters for their out -of -pocketexpenses) to be approximately US$[•], exclusive of the above discounts. In addition, we will pay additional items of value in connection with this offering that are viewed by the Financial Industry Regulatory Authority, or “FINRA”, as underwriting compensation. These payments will further reduce proceeds available to us before expenses. See “Underwriting.” If we complete this offering, net proceeds will be delivered to us on the closing date. You should not assume that the information contained in the registration statement to which this prospectus is a part is accurate as of any date other than the date hereof, regardless of the time of delivery of this prospectus or of any sale of the Class A Ordinary Shares being registered in the registration statement of which this prospectus forms a part.

No dealer, salesperson or any other person is authorized to give any information or make any representations in connection with this offering other than those contained in this prospectus and, if given or made, the information or representations must not be relied upon as having been authorized by us. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any security other than the securities offered by this prospectus, or an offer to sell or a solicitation of an offer to buy any securities by anyone in any jurisdiction in which the offer or solicitation is not authorized or is unlawful. Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense. Aegis Capital Corp. The date of this prospectus is [•], 2025

TABLE OF CONTENTS

|                                                                                       |     | Page |
| PROSPECTUS SUMMARY                                                                    |     |    1 |
| RISK FACTORS                                                                          |     |   15 |
| SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS                                     |     |   52 |
| USE OF PROCEEDS