Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 209

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 209
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man Islands. Pursuant to our amended and restated memorandum and amended and restated articles of association, the authorized share capital of our company is US$50,000, divided into 499,999,999 Class A Ordinary Shares of a par value of US$0.0001 each, and 1 Class B Ordinary Share of a par value of US$0.0001 each. As of the date of this prospectus, 98,924,489 Class A Ordinary Shares and 1 Class B Ordinary Share are issued and outstanding. The following are summaries of the material provisions of our amended and restated memorandum and articles of association and the Cayman Islands Companies Act, insofar as they relate to the material terms of our Class A Ordinary Shares and Class B Ordinary Shares. Copies of our amended and restated memorandum and articles of association are filed as exhibits to the registration statement of which this prospectus is a part. As a convenience to potential investors, we provide the below description of Cayman Islands law and our memorandum and articles of association together with a comparison to similar features under Delaware law. Ordinary Shares Class A Ordinary Shares Each Class A Ordinary Share confers upon the shareholder the right to one vote per share at a meeting of our shareholders or on any resolution of shareholders. Holders of our Class A Ordinary Shares will vote together with holders of our Class B Ordinary Share as a single class on all resolutions submitted to a vote by the shareholders. Each Class A Ordinary Share confers upon the shareholder the right to any dividend as provided for in our articles of association. On a winding up of the Company, each Class A Ordinary Share confers upon the shareholder the right to repayment of capital and the right to participate in the profits or surplus assets of the Company in accordance with our articles of association. All of our issued Class A Ordinary Shares are fully paid and non -assessable. Certificates representing the Class A Ordinary Shares will not be issued unless our directors determine otherwise. Our shareholders who are 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 Underwriter does not exercise the Over -AllotmentOption and excluding the shares of Class A Ordinary Shares issuable upon the exercise of the Underwriter 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