Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 107

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 107
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41, and the immediate dilution in net tangible book value per Class A Ordinary Share to new investors in this offering would be $4.84.

58

The following table summarizes, on a pro forma as adjusted basis as of October31, 2024, the differences between existing shareholders and the new investors with respect to the number of Class A Ordinary Shares purchased from us, the total consideration paid and the average price per Class A Ordinary Share before deducting the estimated commissions to the underwriters and the estimated offering expenses payable by us.

| FIRM COMMITMENT OFFERING               |     | Shares Purchased 
           Amount |     | Percent |   |     | Total Consideration 
 Amount              |            |     | Percent |   |     | Average Price 
 Per Share     |      |
|:---------------------------------------|:----|-----------------:|:----|--------:|:--|:----|:--------------------|-----------:|:----|--------:|:--|:----|:--------------|-----:|
| Existing shareholders (Pre-IPO owners) |     |       45,142,208 |     |    91.9 | % |     | $                   | 27,075,069 |     |    57.5 | % |     | $             | 0.60 |
| New investors(1)                       |     |        4,000,000 |     |     8.1 | % |     | $                   | 20,000,000 |     |    42.5 | % |     | $             | 5.00 |
| Total                                  |     |       49,142,208 |     |     100 | % |     | $                   | 47,075,069 |     |     100 | % |     | $             | 0.96 |

____________ (1)Not including shares underly the over -allotmentoption. The pro forma as adjusted information as discussed above is illustrative only. Our net tangible book value following the completion of this offering is subject to adjustment based on the actual initial public offering price of our Class A Ordinary Shares and other terms of this offering determined at the pricing.

59 CORPORATE HISTORY AND STRUCTURE Our Group’s history can be traced back to May 4, 2015 when Otsaw Digital Pte. Ltd. was founded by Mr. Ling Ting Ming, our chairman, director and chief executive officer, after Mr. Ling’s return to Singapore