Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 216

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 216
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 non -residentsof the Cayman Islands may freely hold and vote their Class A Ordinary Shares. At the completion of this offering, there will be [•] Class A Ordinary Shares issued and outstanding, assuming the underwriters do not exercise the over - allotmentoption and excluding the shares of Class A Ordinary Shares issuable upon the exercise of the representatives’ warrants. Class B Ordinary Shares The Class B Ordinary Share confers upon the holder thereof that number of votes equal to sixty (60) percent of the total number of Class A Ordinary Shares and Class B Ordinary Shares outstanding as at the record date for determining those shareholders that are entitled to vote at the relevant general meeting of the Company. The holder of our Class B Ordinary Share will vote together with holders of our Class A Ordinary Shares as a single class on all resolutions submitted to a vote by the shareholders. Class B Ordinary Shares do not confer upon the holders thereof any rights to receive dividends. On a winding up of the Company, each Class B Ordinary Share confers upon the holder thereof the right to repayment of capital in accordance with our articles of association but confers no other right to participate in the profits or surplus assets of the Company. Class B Ordinary Shares do not have any economic interest in the Company (save for the right to repayment of capital on a winding up). Only one Class B Ordinary Share may be issued and outstanding at any time. At the completion of this offering, there will be [1] Class B Ordinary Share issued and outstanding. 140 Listing We plan to apply to list our Class A Ordinary Shares on the Nasdaq under the symbol “OTSA.” We cannot guarantee that we will be successful in listing on the Nasdaq; however, we will not complete this offering unless we receive a conditional approval letter. Transfer Agent and Registrar The transfer agent and registrar for the Class A Ordinary Shares is [•]. Its address is [•], and its telephone number is [•]. Dividends The holders of our Class A Ordinary Shares are entitled to such dividends or other distribution as may be declared by our board of directors, subject to the Companies Act. Our amended and restated articles of association provide that the directors may from time to time declare dividends (including interim dividends) and other distributions on our Class A Ordinary Shares in issue and authorize payment of the same out of our funds lawfully available. No dividend shall be paid otherwise than out of profits. The holder of the sole Class B Ordinary Share is not entitled to participate in any dividends, if declared. Voting Rights Holders of