Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 151

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 151
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 Common Shares of the Company or cash as of September 30, 2024. Our primary requirements for liquidity and capital are to
finance working capital, capital expenditures, payment of accrued dividends on and the redemption of Class A Preferred Shares and general corporate purposes. For further information on the redemption of Class A Preferred Shares, see Note 15,
“Preference share liabilities” to our consolidated financial statements included elsewhere in this registration statement.

Between OBOOK Holdings Inc. and its subsidiaries, the cash is transferred from OBOOK Holdings Inc. to its subsidiaries in the form of capital
contributions or through intercompany advances. If needed, cash may be transferred between OBOOK Holdings Inc. and its subsidiaries in the United States, Japan, Taiwan, Singapore, Hong Kong, Malaysia and Thailand, and there are currently no
restrictions on transferring funds between OBOOK Holdings Inc. and its subsidiaries in these jurisdictions. Cash generated from OBOOK Holdings Inc. is used to fund operations of its subsidiaries. Under our cash management policy, the amount of
intercompany transfer of funds is determined based on the working capital needs of the subsidiaries and is subject to internal approval process and funding arrangements. Our management reviews and monitors our cash flow forecast and working capital
needs of the subsidiaries on a regular basis.

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 December 31, 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. We may, however, require additional cash resources due to changing business conditions or other
future developments, including any investments or acquisitions we may decide to selectively pursue. If our existing cash resources are insufficient to meet our requirements, we may seek to sell equity or equity-linked securities, sell debt
securities, borrow from banks or borrow from our major shareholders. We cannot assure you that financing will be available in the amounts we need or on terms acceptable to us, if at all. The sale of additional equity securities would result in
additional dilution to our shareholders. The incurrence of indebtedness and issuance of debt securities would