Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 268

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 268
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 if you otherwise were deemed to have disposed of an interest in the lower-tier PFIC. If we are a PFIC in a taxable year and our shares or ADSs are treated as “marketable stock” in such year, you may make a mark-to-marketelection with respect to your ADSs. If you make this election, you will not be subject to the PFIC rules described above. Instead, in general, you will include as ordinary income each year the excess, if any, of the fair market value of your ADSs at the end of the taxable year over your adjusted basis in your ADSs. You will also recognize an ordinary loss in respect of the excess, if any, of the adjusted basis of your ADSs over their fair market value at the end of the taxable year (but only to the extent of the net amount of previously included income as a result of the mark-to-marketelection). Your basis in the ADSs will be adjusted to reflect any such income or loss amounts. Any gain that you recognize on the sale or other disposition of your ADSs would be ordinary income and any loss would be an ordinary loss to the extent of the net amount of previously included income as a result of the mark-to-marketelection and, thereafter, a capital loss. The mark-to-marketelection is available only for marketable stock, which generally includes stock that is regularly traded on a national securities exchange that is registered with the SEC, including the Nasdaq (on which the ADSs are intended to be listed). Moreover, a mark-to-marketelection made with respect to your ADSs would not apply to your indirect interest in any lower tier PFICs in which we own shares.You should consult your tax advisors regarding the availability and tax consequences of a mark-to-marketelection with respect to your ADSs under your particular circumstances. Unless you make certain elections, your ADSs will generally be treated as stock in a PFIC if we were a PFIC at any time during your holding period in your ADSs, even if we are not currently a PFIC. In addition, notwithstanding any election you make with regard to the ADSs, dividends that you receive from us will not constitute qualified dividend income to you if we are a PFIC (or are treated as a PFIC with respect to you) either in the taxable year of the distribution or the preceding taxable year. Dividends that you 181

receive that do not constitute qualified dividend income are not eligible for taxation at the preferential rates applicable to qualified