Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 28

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 28
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 growth company, we: •may present only two years of audited financial statements and only two years of related Management’s Discussion and Analysis of Financial Condition and Results of Operations, or “MD&A”; 11 •are not required to provide a detailed narrative disclosure discussing our compensation principles, objectives and elements and analyzing how those elements fit with our principles and objectives, which is commonly referred to as “compensation discussion and analysis”; •are not required to obtain an attestation and report from our auditors on our management’s assessment of our internal control over financial reporting pursuant to the Sarbanes -OxleyAct of 2002; •are not required to obtain a non -bindingadvisory vote from our shareholders on executive compensation or golden parachute arrangements (commonly referred to as the “say -on -pay,” “say -onfrequency” and “say -on - golden-parachute” votes); •are exempt from certain executive compensation disclosure provisions requiring a pay -for -performancegraph and chief executive officer pay ratio disclosure; and •will not be required to conduct an evaluation of our internal control over financial reporting. We intend to take advantage of all of these reduced reporting requirements and exemptions applicable to emerging growth companies under the JOBS Act. However, we are not eligible for and will not take advantage of the longer phase -inperiods for the adoption of new or revised financial accounting standards under §107 of the JOBS Act, as our consolidated financial statements are prepared in accordance with IFRS. Foreign Private Issuer We are a “foreign private issuer,” as defined by the SEC. As a result, in accordance with the rules and regulations of Nasdaq, we may choose to comply with home country governance requirements and certain exemptions thereunder rather than complying with Nasdaq corporate governance standards. We may choose to take advantage of the following exemptions afforded to foreign private issuers: •Exemption from filing quarterly reports on Form 10 -Q, from filing proxy solicitation materials on Schedule 14A or 14C in connection with annual or special meetings of shareholders, from providing current reports on Form 8 -Kdisclosing significant events within four days of their occurrence, and from the disclosure requirements of Regulation FD. •Exemption from Section 16 rules regarding sales of Class A Ordinary Shares by insiders, which will provide less data in this regard than shareholders of U.S. companies that are subject to the Exchange Act. •Exemption from the Nasdaq rules applicable to domestic issuers requiring disclosure within four business days of any