Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 47

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 5
Chunk 47
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                        (1,303,658                             (12,911,503      $           (11,607,845       (89.9  
  Loss on settlement of prepaid forward contracts                                     (2,635,816                             -                $             2,635,816       100.0  
  Loss on debt settlement                                                               (645,612                             -                $              (645,612      (100.0  
  Other income, net                                                                      134,584                             195,848          $               (61,264       (31.3  
  Total other expense, net                                          $                 (4,473,727      $                      (12,809,437      $            (8,335,710       (65.1  

Total
other expense, net amounted to approximately $4.5 million for the year ended December 31, 2023 while total other expense, net amounted
to approximately $12.8 million for the year ended December 31, 2022. The significant changes were mainly due to the following:

Interest
expenses, net

The
decrease of interest expenses of approximately $70,000 was mainly attributable to the decrease in interest bearing convertible notes
during the year ended December 31, 2023 as compared to the same period in 2022.

Change
in prepaid forward purchase liabilities

We
entered into two equity prepaid forward transactions in November 2022, which required fair value accounting. Since our stock price has
significantly dropped after our Company listed in NASDAQ on November 17, 2022, the fair value of the prepaid forward purchase liabilities
increased significantly for the year ended December 31, 2023 as compared to 2022, resulting in a loss from change in fair value of prepaid
forward purchase liabilities of approximately $12.9 million for the year ended December 31, 2022. For the year ended December 31, 2023,
we incurred a loss from change in fair value of prepaid forward purchase liabilities of approximately $1.3 million because our stock
price was not as volatile compared to the fair value evaluation period in 2022, resulting in lesser loss from change in fair value of
prepaid forward purchase liabilities.

Loss
on settlement of prepaid forward contracts

We
incurred a loss on our settlement of prepaid forward contracts that amounted to approximately $2.6 million for the year ended December
31, 2023 as we amended the definition of “ Maturity Consideration”