Company: OWLS
Filing Date: 2025-09-03
Form Type: F-1
Source: 0001193125-25-195057
Chunk: 261

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-03
Form: F-1
Chunk 261
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 | Going concern |

The consolidated financial statements have been prepared on a going concern basis. As of December 31, 2024, the accumulated deficit was $60,612,910 and the total current liabilities of the Company exceeded its total current assets by $4,368,050. The Company has historically financed its operations primarily through bank borrowings, loans from related parties and fund raising through equity financing and Simple Agreements for Future Equity (“SAFE agreements”), and issuing preferred shares. Management plans to adopt the following measures to improve its operations and cash flows:

| 1. | Expand payment business to increase the cash inflow and create new revenue stream. |

| 2. | Obtain investments from strategic investors through private offering, with a total amount approximately 
 $18.7 million by the issuance date of these financial statements.                                       |

The Company expects to finance its operations through equity offerings and debt financings. However, there can be no assurance that any additional financing will be available to the Company on acceptable terms, if at all. If events or circumstances occur such that the Company does not obtain additional funds as needed, there would be a material adverse effect on the Company’s business and results of operations or financial condition. The Company believes that its existing cash as of December 31, 2024, together with the cash proceeds received from issuance of the Company’s shares through private offering and the SAFE agreements entered into subsequent to December 31, 2024, as disclosed in Note 25, “Subsequent Events”, will be sufficient to fund its operations for at least one year from the issuance date of these financial statements. F-9

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued)

| NOTE 3. | Application of New and Revised IFRS as Issued by the IASB |

| (a) | Amendments to IFRSs and the new interpretation that are mandatorily effective for the current year. |

| New, Revised or Amended Standards and                                         
 Interpretations                                                               
 Amendments to IFRS 16 “Lease Liability in a Sale and Leaseback”               
 Amendments to IAS 1 “Classification of liabilities as Current or Non-Current” |     | Effective date per 
 IASB               
 January 1, 2024    
 January 1, 2024    |
|:------------------------------------------------------------------------------|:----|:-------------------|
| Amendments to IAS 1 “Non-current liabilities with                             
 coven