Company: OWLS
Filing Date: 2025-09-24
Form Type: F-1/A
Source: 0001193125-25-213968
Chunk: 27

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-24
Form: F-1/A
Chunk 27
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 flow data for the years ended December 31, 2023 and 2024 respectively:

|                                                             |     | For the year ended 
 December 31,       
 2023               |        |   |     | 2024 |        |   |
|:------------------------------------------------------------|:----|:-------------------|-------:|:--|:----|:-----|-------:|:--|
|                                                             |     | -US$ in thousands  |        |   |     |      |        |   |
| Net cash flows used in operating activities                 |     |                    | (5,415 | ) |     |      | (9,070 | ) |
| Net cash flows from investing activities                    |     |                    |  3,346 |   |     |      |   (750 | ) |
| Net cash flows from financing activities                    |     |                    |  7,516 |   |     |      |  9,261 |   |
| Effect of exchange rate changes on cash and restricted cash |     |                    |    (31 | ) |     |      |  1,284 |   |
| Net increase in cash and restricted cash                    |     |                    |  5,416 |   |     |      |    725 |   |
| Cash and restricted cash at beginning of year               |     |                    |  2,581 |   |     |      |  7,997 |   |
| Cash and restricted cash at end of year                     |     |                    |  7,997 |   |     |      |  8,722 |   |

20

RISK FACTORS

An investment in our Class A Common Shares involves a high degree of risk. You should carefully consider the risks and uncertainties described below, together with all of the other information in this prospectus, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and related notes, before deciding to invest in our Class A Common Shares. Additional risks not known to us or that we currently deem immaterial may also impair our business operations. Our business, financial condition or results of operations could be materially and adversely affected by any of these risks. The trading price and value of our Class A Common Shares could decline due to any of these risks, and you may lose all or part of your investment.

Risks Related to Our Business and Industry and Our Operations

Our growth may not be sustainable and depends on