Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 299

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 299
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 ) |
| Marketing and sales                  |     |                             | (3,148,972 | ) |     |             |  274,622 |   |     |            | (2,874,350 | ) |
| General and administrative           |     |                             | (3,022,100 | ) |     |             |    4,497 |   |     |            | (3,017,603 | ) |

| NOTE 5. | Acquisition |

On May 1, 2023 (the “acquisition date”), the Company acquired a 52.94% stake in PayNow Inc. (“PayNow”) for $628,265 in cash, gaining control of PayNow. Following the acquisition date, PayNow’s assets, liabilities, and results have been consolidated in the Company’s consolidated financial statements. Acquisition-related costs, recognized as expenses when incurred, were insignificant. On September 15 of the same year, the Company acquired 46.44% stake in PayNow for $1,517,730 in cash. The difference of $1,129,728 between the cash consideration and the carrying amount of the equity interest acquired was recognized in the accumulated deficit. Through the acquisition of PayNow, the Company aims to collaborate with PayNow to enhance the payment solution and offer a more diverse range of services. F-23

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued) The table below summarizes the estimated fair values of the acquired assets and liabilities as of the acquisition date.

| Purchase consideration                                                  |     |   |            |   |
|:------------------------------------------------------------------------|:----|:--|-----------:|:--|
| Cash paid                                                               |     | $ |    628,265 |   |
| Fair value of the identifiable assets acquired and liabilities assumed: |     |   |            |   |
| Cash and restricted cash                                                |     |   |  4,278,870 |   |
| Other financial assets                                                  |     |   |  5,961,325 |   |
| Current assets, other than cash                                         |     |   |    135,227 |   |
| Property, plant and equipment                                           |     |   |     40,034 |   |
| Right-of-use                                                            
 assets                                                                  |     |   |    137,231 |   |
| Intangible assets                                                       |     |   |    208,211 |   |
| Other