Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 22

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 22
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 of profit or loss and other comprehensive income (loss) data for the nine months ended September 30,
2023 and 2024, summary of consolidated statement of financial position data as of September 30, 2024, and summary of consolidated statement of cash flow data for the nine months ended September 30, 2023 and 2024 have been derived from our unaudited
condensed consolidated financial statements included elsewhere in this prospectus, and have been prepared on the same basis as our audited consolidated financial statements.

Our consolidated financial statements have been prepared in accordance with IFRS, as issued by the International Accounting Standards Board
(“IASB”), and include the accounts and operations of the Company and all of the entities in which the Company has a controlling financial interest and are presented in U.S. dollars. Our historical results are not necessarily indicative of
results expected for future periods. You should read this Summary Consolidated Financial Data and Operating Data section together with our consolidated financial statements and the related notes and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” included elsewhere in this prospectus.

The following is a summary of our business
operations:

Overview of Business Segments

Our business operations consist of the main business segments, including:

Payment services. We offer payment services through our product OwlPay, which includes our operations in: (i) payment
gateway services, enabled by our acquisition of PayNow in May 2023, which offers payment collection functionality to businesses and proprietors to receive consumer payments; and (ii) payment platform services that support multiple payout
settlement routes in fiat currency or stablecoin. Our business model depends on attracting business customers and individual customers to use our payment-related products and services, for which we charge fixed-amount, per-transaction handling fees
and/or percentage-based transaction fees (e.g., for foreign exchange conversion and conversion between stablecoin and fiat currency). Our payment services helped process US$142.0 million in GPV (as defined below) in 2023 and registered over 3,500
Active Accounts (as defined below) as of September 30, 2024. Substantially all of the GPV in 2023 and for the nine months ended September 30, 2024 came from our payment gateway services enabled by our acquisition of PayNow in May 2023. As of
September 30, 2024, the transactions we helped process had been conducted via fiat currency, and we are further rolling