Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 101

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 101
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 |     |            [32] |
| Market Expansion in the United States, United Kingdom, Europe, Asia and Australia       |     | US$          |  1,660,374 |     |            [10] |
| Research and Development in relation to TransCar 5.0 and Camello+                       |     | US$          |  1,660,374 |     |            [10] |
| Working capital                                                                         |     | US$          |  1,909,424 |     |            [11] |
| Repayment of loans                                                                      |     | US$          |  2,822,649 |     |            [17] |
| Total                                                                                   |     | US$          | 16,603,743 |     |             100 |

Approximately $2.8million in an aggregate, or 17% of the net proceeds will be used for the repayment of loans, including: (i)a loan made by our shareholder Mr.Goh Way Siong in connection with working capital requirements of the Company, which, as of October31, 2024 and as of the date of this prospectus, had an outstanding balance of US$1,881,482 and US$1,994,882 respectively. The loan has an interest rate of 12% and 6% respectively with no maturity date, and is due to be paid upon listing of our Class A Ordinary Shares on Nasdaq; (ii)a loan made by Capital, Credit & Risk Partners Pte Ltd in connection with working capital requirements of the Company, which, as of October31, 2024 and as of the date of this prospectus, had an outstanding balance of S$2,019,889 (US$1,524,099) and S$2,186,667 (US$1,713,957) respectively. This loan has an interest rate of 16% and matures in 3 years. Another loan of S$500,000 (US$384,615), in connection with working capital requirements, was taken up on March28, 2025. This loan has an interest rate of 16% and maturity date of 3months but has since been extended to mature on September27, 2025. As of the date of the prospectus, the outstanding amount is S$479,140 (US$375,560) and only the second loan is due to be paid upon listing of our Class A Ordinary Shares on Nas