Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 213

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 213
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 underwriters’ over -allotmentoption. Our Class A Ordinary Shares will be available for sale in the public market after the expiration or waiver of the lock -upagreements described below, subject to limitations imposed by U.S. securities laws on resale by our “affiliates” as that term is defined in Rule 144 under the Securities Act, or Rule 144. We expect that all of our Class A Ordinary Shares being sold in this offering by the Company will be freely tradable without restriction or further registration under the Securities Act, unless purchased by “affiliates” as that term is defined under Rule 144. As defined in Rule 144, an “affiliate” of an issuer is a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the issuer. Class A Ordinary shares purchased by one of our “affiliates” may not be resold, except pursuant to an effective registration statement or an exemption from registration, including an exemption under Rule 144 under the Securities Act described below. Eligibility of Restricted Shares for Sale in the Public Market The remaining Class A Ordinary Shares that are not being sold in this offering, but which will be outstanding at the time this offering is complete, will be “restricted securities” as that phrase is defined in Rule 144. These Class A Ordinary Shares will be eligible for sale into the public market, under the provisions of Rule 144 commencing after the expiration of the restrictions under the lock -upagreements, subject in certain cases to volume restrictions discussed below under “ Shares Eligible for Future Sale — Rule 144.” Lock-Up Agreements All of our directors, executive officers, employees and other holders of 5% or more of our Class A Ordinary Shares and Class B Ordinary Shares, have agreed, subject to limited exceptions, not to offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise dispose of, directly or indirectly, or enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of our Class A Ordinary Shares or such other securities for a period of one hundred eighty (180) days after the closing of the offering, without the prior written consent of the Representative. See “Underwriting.” Rule 144 All of our Class A Ordinary Shares and Class B Ordinary Shares that