Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 17

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 17
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 rules. Thus, even if we are no longer qualified as an emerging growth

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company but remain a foreign private issuer, we will continue to be exempt from the more stringent compensation disclosures required of public companies that are neither emerging growth companies nor foreign private issuers. See “Risk Factors—Risks Related to the American Depositary Shares—As a foreign private issuer in the United States, we are exempt from certain U.S. proxy rules and disclosure requirements under the Exchange Act, which may afford less protection to holders of our ADSs than they would enjoy if we were a domestic U.S. company.” and “—As a foreign private issuer in the United States, we are permitted to, and will, rely on exemptions from certain Nasdaq corporate governance standards, which may afford less protection to holders of our ADSs.” Implication of Being a Controlled Company We will be a “controlled company,” as defined under the rules of the Nasdaq, since Darren Wang, our founder and CEO, will have [(i) % of the total voting power of the Company, assuming the underwriters do not exercise their over-allotment option, or (ii) % of the total voting power of the Company, assuming the underwriters exercise their over-allotment option in full]. For so long as we remain a controlled company under this definition, we are permitted to elect to rely, and currently intend to rely, on certain exemptions from corporate governance rules, including the exemption from the requirements that:

| • |     | a majority of our board of directors consist of “independent directors” as defined under the rules of 
 Nasdaq;                                                                                               |

| • |     | our director nominees be selected, or recommended for our board of directors’ selection, by a 
 nominating/governance committee comprised solely of independent directors; and                |

| • |     | the compensation of our executive officers be determined, or recommended to our board of directors for 
 determination, by a compensation committee comprised solely of independent directors.                  |

Conventions That Apply to This Prospectus Unless otherwise indicated or the context otherwise requires, references in this prospectus to:

| • |     | “ADRs” are to American depositary receipts that may evidence the ADSs of OBOOK Holdings Inc.; |

| • |     | “ADSs” are to American depositary shares, each of which represents Class A Common Shares of OBOOK 
 Holdings Inc.;                                                                                    |

| • |     | “AML” are to anti-money laundering; |

| • |