Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 239

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 239
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 will be entitled to sell the restricted securities without registration under the Securities Act, subject only to the availability of current public information about us, 148 and will be entitled to sell restricted securities beneficially owned for at least one year without restriction. Persons who are our affiliates and have beneficially owned our restricted securities for at least six months may sell a number of restricted securities within any three -monthperiod that does not exceed the greater of the following: •1% of the then outstanding ordinary shares of the same class, which immediately after this offering will equal [•] Class A Ordinary Shares, assuming the underwriters do not exercise their over -allotmentoption, and [•] Class B Ordinary Shares; or •the average weekly trading volume of our Class A Ordinary Shares of the same class, during the four calendar weeks preceding the date on which notice of the sale is filed with the SEC. Sales by our affiliates under Rule 144 are also subject to certain requirements relating to manner of sale, notice and the availability of current public information about us. Rule 701 In general, under Rule 701 of the Securities Act as currently in effect, each of our employees, consultants or advisors who purchases our Class A Ordinary Shares and Class B Ordinary Shares from us in connection with a compensatory stock plan or other written agreement executed prior to the completion of this offering is eligible to resell those Class A Ordinary Shares and Class B Ordinary Shares in reliance on Rule 144, but without compliance with some of the restrictions, including the holding period, contained in Rule 144. However, the Rule 701shares would remain subject to lock -uparrangements and would only become eligible for sale when the lock -upperiod expires. Regulation S Regulation S provides generally that sales made in offshore transactions are not subject to the registration or prospectus -deliveryrequirements of the Securities Act. 149 DESCRIPTION OF SHARE CAPITAL Otsaw Limited was incorporated on June 10, 2022 under the Companies Act (As Revised) of the Cayman Islands and our affairs are governed by our amended and restated memorandum and articles of association and the Companies Act (As Revised) of the Cayman Islands which we refer to as the “Cayman Islands Companies Act” and the “Companies Act” below, and the common law of the Cayman Islands. Pursuant to our amended and restated memorandum and amended and restated articles of association, the authorized share capital of our company is US$49,500.0001, divided into 225,000,000