Company: OWLS
Filing Date: 2025-09-03
Form Type: F-1
Source: 0001193125-25-195057
Chunk: 113

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-03
Form: F-1
Chunk 113
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 underwritten IPO where the majority of the unregistered shares of the issuer could be
subject to a customary lock-up for a period of time upon an IPO. In a direct listing like ours, investors may be unable to establish that their shares were issued pursuant to a registration statement. As a result, liability under Section 11 and
Section 12(a)(2) may be unavailable to some investors, even in the event of a material misstatement or omission in a registration statement.

As a result, investors in this offering may have fewer legal protections compared to those available to investors in a traditional initial
public offering, which could adversely affect investor confidence and demand for our Class A common stock. If a shareholder is nonetheless successful in bringing a Securities Act claim against us stemming from our direct listing, any adverse outcome
in such litigation may have a material adverse impact on our business, results of operations and/or financial condition.

Certain of our shareholders are expected to have different contractual lock-up agreements or other contractual restrictions on transfer from what is customary in an underwritten initial public offering. Following our listing, sales of substantial amounts of our Class A Common Shares in the public markets, or the perception that sales might occur, could cause the trading price of our Class A Common Shares to decline.

In addition to the supply and demand and volatility factors discussed above, sales of a substantial number of Class A Common Shares into the
public market, particularly sales by our founders, directors, executive officers, and principal shareholders, or the perception that these sales might occur in large quantities, could cause the trading price of our Class A Common Shares to decline.
Our lock-up arrangement is different from and could be less restrictive than what is customary in an underwritten initial public offering. In our direct listing, our executive officers, directors, directors of our subsidiaries and shareholders
holding more than 10% of our issued and outstanding Common Shares in aggregate are subject to customary lock-up agreements with us under which they cannot sell, transfer or dispose of any Common Shares (except for certain customary exceptions) for a
period of 180 days from the effective date of this registration statement of which this prospectus forms a part. Certain of our nonaffiliated shareholders owning greater than 100,000 Common Shares but no more than 10% of our issued and
outstanding Common Shares are subject to customary lock-up agreements with us under which they cannot sell, transfer or dispose of more than 50% of any Common Shares (excluding any Common Shares already subject to other existing contractual
restrictions on