Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 152

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 152
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 result in debt service obligations and could result in operating and financial covenants that restrict our operations and our ability to
pay dividends to our shareholders. See also “Risk Factors — Risks Related to Our Financial Results — We may require additional capital to support our operations and the growth of our business, and we cannot be certain that financing
will be available on reasonable terms when required, or at all and our existing credit facility and our senior notes contain, and any future debt financing may contain, covenants that impact the operation of our business and pursuit of business
opportunities.”

106

We do not have any present plan to pay any cash dividends on our common shares in the foreseeable future after this offering. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business. See also “Risk Factors — Risks Related to the American Depositary Shares — We do not intend to pay dividends for the foreseeable future and, as a result, your ability to achieve a return on your investment will depend on appreciation in the price of our ADSs.” The following table sets forth a summary of our cash flows for the periods presented:

|                                                             |     | For the year ended 
 December 31,       
 2022               |        |   |     | 2023 |        |   |     | For the nine months ended 
 September 30,             
 2023                      |        |   |     | 2024 |        |   |
|:------------------------------------------------------------|:----|:-------------------|-------:|:--|:----|:-----|-------:|:--|:----|:--------------------------|-------:|:--|:----|:-----|-------:|:--|
|                                                             |     | -US$ in thousands  |        |   |     |      |        |   |     | -US$ in thousands         |        |   |     |      |        |   |
| Net cash flows used in operating activities                 |     |                    | (8,130 | ) |     |      | (5,415 | ) |     |                           | (5,276 | ) |     |      | (5,851 | ) |
| Net cash flows from (used in) investing activities          |     |                    |  6,442 |   |     |      |  3,346 |   |     |                           |  3,406 |   |     |