Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 20

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 20
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 within 30 days of the date of this prospectus.] |

| The ADSs | The underwriters will deliver our Class A Common Shares in the form of ADSs. Each ADS may be evidenced by an ADR. |

| As an ADS holder, you will not treated as one of our shareholders. The depositary,    , will be the holder of the Class A Common Shares underlying your ADSs. You will have rights as provided in                                                        
 the deposit agreement. You may surrender your ADSs and withdraw the underlying Class A Common Shares as provided, and pursuant to, the limitations set forth in the deposit agreement. The depositary will charge you fees for, among other acts,        
 any such surrender for the purpose of withdrawal. In certain limited instances described in the deposit agreement, we may amend or terminate the deposit agreement without your consent. If you continue to hold your ADSs, you agree to be bound by the 
 terms of the deposit agreement then in effect. To better understand the terms of the ADSs, you should carefully read the “Description of American Depositary Shares” section of this prospectus. You should also read the deposit agreement,             
 which is an exhibit to the registration statement of which this prospectus forms a part.                                                                                                                                                                 |

Depositary Custodian

| Use of proceeds | We estimate that the net proceeds to us from this offering will be approximately US$    million, assuming an initial public offering price of US$    per ADS, which is the midpoint of the price range 
 set forth on the cover page of this prospectus, after deducting the underwriting discounts and commissions and estimated expenses of the offering that are payable by us.                              |

15

| We anticipate using the net proceeds of this offering for growth of our payment business and expansion of our payment business into new markets, redemption of Class A Preferred Shares and general corporate purposes, 
 including working capital needs.                                                                                                                                                                                        |

| See “Use of Proceeds” for more information. |

| Dividend policy | We have not paid any dividends on our Class A Common Shares since our inception, and we currently intend to retain any future earnings to further finance the growth and development of our business. Therefore, we do not anticipate that we      
 will declare or pay any cash dividends in the foreseeable future. Except as required by law, any future determination to pay cash dividends will be at the discretion of the Company’s board of directors and will be dependent upon our financial 
 condition