Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 99

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 99
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uate widely due
to various factors, many of which are beyond our control. The stock market in general and the market for technology companies and blockchain technology companies in particular have experienced extreme volatility that has often been unrelated to the
operating performance of particular companies. As a result of this volatility, investors may not be able to sell ADSs at or above the price paid for the shares. The market price for ADSs may be influenced by many factors, including: actual or
anticipated variations in our operation results or earnings that are not aligned with market or securities research analyst expectation; changes in financial estimates by us or by securities research analyst; regulatory developments, including new
laws and regulations issued and the overall trend of government enforcement actions; announcements made by us or our competitors of new product and service offerings, technologies, acquisitions, divestitures, strategic relationships, joint ventures
or capital commitments; announcements of investigations or regulatory scrutiny of our operations or lawsuits filed against us; additions to or departures of our management or other key personnel; publication of operating or industry metrics by third
parties, including government statistical agencies, that differ from industry or securities research analysts expectations; changes in pricing by us or our competitors; actual or perceived general industry, regulatory, economic and business
conditions and trends; changes as a result of the COVID-19 pandemic, or similar macroeconomic events; investors’ general perception of our company and our business; stock market price and volume
fluctuations of comparable companies, particularly those operating in the blockchain and digital asset platform sectors; and sales or perceived potential sales or other dispositions of existing or additional ADSs by directors and officers or
specific shareholders.

Any of these factors may result in large and sudden changes in the volume and trading prices of our ADSs.
Additionally, the stock market has from time to time experienced significant price and volume fluctuations

66

unrelated to the operating performance of particular companies and industries, which may significantly affect the trading prices of our ADSs. Furthermore, in the past, shareholders have initiated
class action lawsuits against companies following periods of volatility in the market price of a company’s securities. Such litigation, if instituted against us, could cause us to incur substantial costs and divert management’s attention
from our day-to-day operations, which could harm our business. If adversely determined, the class action suits may have a material adverse effect on our financial
condition and results of operations.

Substantial future sales or perceived potential sales of our ADSs or other equity or equity-linked securities in the public market