Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 98

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 98
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 be declared in excess of the amount recommended by our board of directors. Under Cayman Islands law, a Cayman Islands company may pay a dividend out of either profits (including retained earnings) or share premium, provided that in no circumstances may a dividend be paid if this would result in our Company being unable to pay its debts as they fall due in the ordinary course of its business. Even if our board of directors decides to pay dividends, the form, frequency and amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors that the board of directors may deem relevant. We are a holding company and depend on the receipt of dividends and other distributions from our subsidiaries to pay dividends on our Class A Ordinary Shares. There are no foreign exchange controls or foreign exchange regulations under current applicable laws of the various places of incorporation of our subsidiaries that would affect the payment or remittance of dividends. 55

CAPITALIZATION The following table sets forth our capitalization as of April 30, 2024 on a pro forma as adjusted basis giving effect to the completion of the firm commitment offering at an assumed public offering price of $[•] per share and to reflect the application of the proceeds after deducting the estimated placement fees. You should read this table in conjunction with our financial statements and related notes appearing elsewhere in this prospectus and “Use of Proceeds” and “Description of Share Capital”. Offering ( [•]Class A Ordinary Shares) U.S. Dollars

|                                                                                           |     | As of April 30, 
 2024            |             |   |     |                |     |
|:------------------------------------------------------------------------------------------|:----|:----------------|------------:|:--|:----|:---------------|:----|
|                                                                                           |     | Actual          |             |   |     | Pro Forma      
 as Adjusted(1) |     |
| Shareholders’ Equity                                                                      |     |                 |             |   |     |                |     |
| Ordinary shares, $[•] par value, [•] shares authorized, [•] shares issued and outstanding |     |                 |       9,862 |   |     |                | [•] |
| Additional paid-in capital                                                                |     |                 |  25,985,207 |   |     |                | [•] |
| Stock option reserve                                                                      |     |                 |      22,619 |   |     |                | [•] |
| Currency translation