Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 50

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 50
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 capital to support our operations and the growth of our business, and we cannot be certain that financing will be available on reasonable terms when required, or at all, and our existing credit facility and our senior notes contain, and any future debt financing may contain, covenants that impact the operation of our business and pursuit of business opportunities.

We have funded our operations since inception primarily through equity financings, bank loans and revenue generated by our
products and services, as well as other debt instruments that will be terminated, redeemed or converted upon or shortly after the consummation of this offering. As we intend to continue to invest in our business and address various operational
needs, including developing new products and services, expanding into additional jurisdictions and making strategic acquisitions and investment, we may periodically require additional financing. However, there can be no assurance that any additional
financing will be available to us on acceptable terms, if at all. If events or circumstances occur such that we do not obtain additional funds as needed, there would be a material adverse effect on our business and results of operations or financial
condition. We believe that our current cash, cash inflow expected from payment business expansion and creation of new revenue stream, cash from private placement, major shareholder’s commitment to defer repayment of the loans of at least
US$1.4 million through June 30, 2025 and to provide the necessary financial support to meet further short-term capital needs, and expected cash provided by this offering will provide sufficient liquidity to fund our current obligations,
including the accrued dividends on and the redemption of all Class A Preferred Shares shortly after this offering, projected working capital requirements, debt service requirements and capital spending requirements at least for the next 12 months.

Our ability to obtain additional financing, if and when necessary, is subject to investor and lender demand, our operating performance
and the state of capital markets, among other factors. If we incur additional debt, debt holders would possess rights that are senior to holders of our Class A Common Shares and ADSs to make claims on our assets. Such debt may also impose
restrictions on our operations, including our ability to pay dividends on our Class A Common Shares and ADSs. If we raise additional funds through issuing equity securities, our existing shareholders would experience dilution and these new
equity securities may have rights, preference or privileges senior to those of our Class A Common Shares and ADSs. We cannot be certain that we could obtain additional financing on favorable terms or in a timely manner, or at all, when needed