Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 23

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 23
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 in all countries (on page 39). •We may be subject to intellectual property claims in the future, which are costly to defend, could result in significant damage awards, and could limit our ability to use certain technologies in the future (on page 40). •We rely on access to third -partyintellectual property, which may not be available to us on commercially reasonable terms or at all (on page 40). •We use other parties’ software and other intellectual property in our proprietary software, including “open source” software. Any inability to continuously use such software or other intellectual property in the future could have a material adverse impact on our business, financial condition, results of operations and prospects (on page 40). Risks Related to our Offering and Ownership of Our Class A Ordinary Shares •The dual class structure of our Class A Ordinary Shares and Class B Ordinary Shares has the effect of concentrating voting control with our chief executive officer, directors and their affiliates (on page 41). •As a “controlled company” under the rules of the Nasdaq Capital Market, we may choose to exempt Otsaw Limited from certain corporate governance requirements that could have an adverse effect on our public shareholders (on page 41). •The dual -classstructure of our Ordinary Shares may adversely affect the trading market for the Class A Ordinary Shares (on page 42). •Our Class A Ordinary Shares may be thinly traded and you may be unable to sell at or near ask prices or at all if you need to sell your shares to raise money or otherwise desire to liquidate your shares (on page 42). •There has been no public market for our Class A Ordinary Shares prior to this offering, and you may not be able to resell our Class A Ordinary Shares at or above the price you paid, or at all (on page 42). •If we cannot satisfy, or continue to satisfy, the initial listing requirements and other rules of Nasdaq Capital Market, our securities may not be listed or may be delisted, which could negatively impact the price of our securities and your ability to sell them (on page 43). •Nasdaq may apply additional and more stringent criteria for our initial and continued listing because we plan to have a small public offering and insiders will hold a large portion of the company’s listed securities (on page 43). •The trading price of our Class A Ordinary Shares may be volatile, which could result in substantial losses to you (on page 44). •Certain recent initial public offerings of companies with