Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 86

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 86
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 and less liquidity than large -capitalizationcompanies. In particular, our Class A Ordinary Shares may be subject to rapid and substantial price volatility, low volumes of trades and large spreads in bid and ask prices. Such volatility, including any stock -runup, may be unrelated to our actual or expected operating performance and financial condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of our Class A Ordinary Shares. In addition, if the trading volumes of our Class A Ordinary Shares are low, persons buying or selling in relatively small quantities may easily influence prices of our Class A Ordinary Shares. This low volume of trades could also cause the price of our Class A Ordinary Shares to fluctuate greatly, with large percentage changes in price occurring in any trading day session. Holders of our Class A Ordinary Shares may also not be able to readily liquidate their investment or may be forced to sell at depressed prices due to low volume trading. Broad market fluctuations and general economic and political conditions may also adversely affect the market price of our Class A Ordinary Shares. As a result of this volatility, investors may experience losses on their investment in our Class A Ordinary Shares. A decline in the market price of our Class A Ordinary Shares also could adversely affect our ability to issue additional shares of Class A Ordinary Shares or other of our securities and our ability to obtain additional financing in the future. No assurance can be given that an active market in our Class A Ordinary Shares will develop or be sustained. If an active market does not develop, holders of our Class A Ordinary Shares may be unable to readily sell the shares they hold or may not be able to sell their shares at all. Exercise of options granted under the 2025 Share Incentive Plan or issue of awarded shares under the 2025 Share Incentive Plan may result in dilution to our Shareholders. We have adopted the Otsaw Limited 2025 Share Incentive Plan (“2025 Share Incentive Plan”) for the purpose of granting share -basedcompensation awards to our employees, directors and consultants to incentivize their performance and align their interests with ours. Under the 2025 Share Incentive Plan, we reserved an aggregate number of Class A Ordinary Shares equal to 10% of the number of fully -dilutedClass A Ordinary Shares outstanding as of the date of the Offering, or after the Offering, 10% of the number of fully -dilutedClass A Ordinary Shares outstanding as of April 30 of the preceding calendar year, as the case