Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 283

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 283
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-party valuation specialists, was $1,707,248. F-31

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued) As of June 6, 2024, the Company completed the fundraising with an accumulated amount of more than US$10 million, the conversion criteria defined as an equity financing event in the SAFE agreements have been met. With the agreements from the investors of the 2022 SAFE agreements, the principal amount of $1.4 million was converted into 285,861 shares of Class A common share at the conversion price of $4.8975. The conversion date as of June 6, 2024, the fair values of the SAFE agreements, based on a valuation conducted by a third-party valuation specialists, was $1,866,666. The outstanding principal amounts were $0 and $1,500,000 as of December 31, 2024 and 2023, respectively. The Company recognized a loss on financial liabilities at fair value through profit or loss of $259,418 and $143,693 for the years ended December 31, 2024 and 2023, respectively.

| NOTE 15. | Preference Share Liabilities |

|                                          |     |   | December 31, 
         2024 |   |     |     | December 31, 
         2023 |   |
|:-----------------------------------------|:----|:--|-------------:|:--|:----|:----|-------------:|:--|
| Preference share liabilities             |     | $ |    1,976,365 |   |     |     |    2,067,326 |   |
| Less: current portion                    |     |   |     (406,366 | ) |     |     |     (101,592 | ) |
| Non-current preference share liabilities |     | $ |    1,569,999 |   |     |     |    1,965,734 |   |

The Company has issued a total of 1,000,000 preference shares (“Class A Preferred Shares”), with a par value of $0.001, subscribed by the National Development Fund Management Committee of the Executive Yuan (the “Investor”), which was approved by the resolution of the shareholders’ meeting on June 8, 2020. The subscription price for Class A Preferred Shares was New Taiwan Dollar (NT$) 60 per share (approximately $