Company: OWLS
Filing Date: 2025-09-03
Form Type: F-1
Source: 0001193125-25-195057
Chunk: 106

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-03
Form: F-1
Chunk 106
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 environment, which could in turn materially and adversely affect our business, financial condition and results of operations. Risks Related to the Class A Common Shares Our listing differs significantly from an underwritten initial public offering; the impact of awareness of our brand and consumer and investor recognition of our Company on the demand for our Class A Common Shares is unpredictable and our marketing and brand development efforts may not be successful. There have been few companies that have undertaken a direct listing such as our listing to date and there are many uncertainties associated with such type of listing. This is not an underwritten initial public offering of our Class A Common Shares. This listing of our Class A Common Shares on Nasdaq differs from an underwritten initial public offering in several significant ways, which include, but are not limited to, the following:

| • |     | There are no underwriters conducting an underwritten initial public offering. Consequently, prior to the opening 
 of trading on Nasdaq, there will be no traditional book building process and no price at which                   |

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| underwriters initially sold shares to the public to help inform efficient and sufficient price discovery with respect to the opening trades on Nasdaq. Therefore, buy and sell orders submitted                                                          
 prior to and at the opening of trading of our Class A Common Shares on Nasdaq will not have the benefit of being informed by a published price range or a price at which the underwriters initially sold Class A Common Shares to the public,            
 as would be the case in an underwritten initial public offering. Moreover, there will be no underwriters assuming risk in connection with the initial resale of our Class A Common Shares. Additionally, because there are no underwriters, there is     
 no underwriters’ option to purchase additional Class A Common Shares. In an underwritten initial public offering, the underwriters may engage in “covered” short sales in an amount of Class A Common Shares representing the                            
 underwriters’ option to purchase additional Class A Common Shares. To close a covered short position, the underwriters purchase Class A Common Shares in the open market or exercise the underwriters’ option to purchase additional Class A             
 Common Shares. In determining the source of Class A Common Shares to close the covered short position, the underwriters typically consider, among other things, the price of Class A Common Shares available for purchase in the open market as compared 
 to the price at which they may purchase Class A Common Shares through the underwriters’ option to purchase additional Class A Common Shares. Purchases in the open market to cover short positions, as