Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 100

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 100
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 is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward -lookingstatements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this prospectus may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward -lookingstatements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward -lookingstatements. Our Risk Factors are not guarantees that no such conditions exist as of the date of this prospectus and should not be interpreted as an affirmative statement that such risks or conditions have not materialized, in whole or in part. We do not undertake any obligation to update or revise any forward -lookingstatements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this prospectus, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. 54

USE OF PROCEEDS Assuming we receive gross proceeds of US$22,222,225 in this offering and assuming that the underwriters do not exercise its over -allotmentoption, after deducting the underwriting discount and estimated offering expenses payable by us, we expect to receive net proceeds of approximately US$18,648,190 from this offering. We intend to use the net proceeds of this offering as follows.

| Description of Use                                                                      |     | Estimated    
 Amount of    
 Net Proceeds |            |     | % Allocation of 
    Net Proceeds |
| Acquisition, Strategic Alliance, and Joint Ventures                                     |     | US$          |  3,729,637 |     |            [20] |
| Expansion of Production Capacity and Inventory in relation to TransCar 5.0 and Camello+ |     | US$          |  6,047,952