Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 87

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 87
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 may be. We do not plan to grant any options under the 2025 Share Incentive Plan prior to the completion of this offering. Following the issuance of new Class A Ordinary Shares upon exercise of any options that may be granted under the 2025 Share Incentive Plan, there will be an increase in the number of issued Class A Ordinary Shares. As such, there may be a dilution or reduction of shareholding of existing Class A Ordinary Share shareholders which results in a dilution or reduction of our earnings per Class A Ordinary Share and net asset value per Class A Ordinary Share. In addition, the fair value of options to be granted to eligible participants under the 2025 Share Incentive Plan will be charged to our consolidated statements of profit or loss and other comprehensive income over the vesting periods of the options. Fair value of the options shall be determined on the date of granting of the options. Accordingly, our financial results and profitability may be materially and adversely affected. 46 If securities or industry analysts do not publish or publish inaccurate or unfavorable research about our business, or if they adversely change their recommendations regarding our Class A Ordinary Shares, the market price for our Class A Ordinary Shares and trading volume could decline. The trading market for our Class A Ordinary Shares will depend in part on the research and reports that securities or industry analysts publish about us or our business. If research analysts do not establish and maintain adequate research coverage or if one or more of the analysts who cover us downgrade our Class A Ordinary Shares or publish inaccurate or unfavorable research about our business, the market price for our Class A Ordinary Shares would likely decline. If one or more of these analysts cease coverage of us or fail to publish reports on us regularly, we could lose visibility in the financial markets, which, in turn, could cause the market price or trading volume for our Class A Ordinary Shares to decline. Short selling may drive down the market price of our Class A Ordinary Shares. Short selling is the practice of selling shares that the seller does not own but rather has borrowed from a third party with the intention of buying identical shares back at a later date to return to the lender. The short seller hopes to profit from a decline in the value of the shares between the sale of the borrowed shares and the purchase of the replacement shares, as the short seller expects to pay less in that purchase than it received in the sale. As it is in the short seller’s interest for the price of the shares to decline, many short sellers publish, or arrange for the publication of