Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 145

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 145
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. The sale of additional equity securities would result in additional dilution to our shareholders. The incurrence of indebtedness and issuance of debt securities would 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.”

99

We do not have any present plan to pay any cash dividends on our common shares in the foreseeable future after listing. 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 Class A Common 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 Class A Common Shares.” The following table sets forth a summary of our cash flows for the periods presented:

|                                                             |     | For the year ended 
 December 31,       
 2023               |        |   |     | 2024 |        |   |
|:------------------------------------------------------------|:----|:-------------------|-------:|:--|:----|:-----|-------:|:--|
|                                                             |     | -US$ in thousands  |        |   |     |      |        |   |
| Net cash flows used in operating activities                 |     |                    | (5,415 | ) |     |      | (9,070 | ) |
| Net cash flows from investing activities                    |     |                    |  3,346 |   |     |      |   (750 | ) |
| Net cash flows from financing activities                    |     |                    |  7,516 |   |     |      |  9,261 |   |
| Effect of exchange rate changes on cash and restricted cash |     |                    |    (31 | ) |     |      |  1,284 |   |
| Net increase in cash and restricted cash                    |     |                    |  5,416 |   |     |      |