Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 191

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 191
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14.2% of our total revenues for the six months ended October31, 2024, and 2023, respectively, while revenue from our RaaS model accounted for approximately 3.4% and 3.0% of our total revenues for the six months ended October31, 2024, and 2023, respectively. Regional Centers In addition to our Singapore headquarters, we have established our Europe and United States regional centers to coordinate local sales, distributors, marketing, customer service, product support, and administrative functions for all of our products: • European regional center.Headquartered in Ausburg, Germany, this regional center is currently responsible for the direct sale of TransCar AGVs in Europe, supported by our Singapore headquarters. The European regional center coordinates closely with Swisslog Healthcare for the service, maintenance, and repair of the installed TransCar AGVs in Europe. We plan to expand the European regional center by adding sales, product, operation personnel to develop a direct sale and distributor network of AMRs and UV -Cdisinfection systems in Europe, in addition to the TransCar system, and to gradually take over the service, maintenance and repair function of TransCar AGVs in Europe from Swisslog Healthcare. • United States regional center.Headquartered in Boston, Massachusetts, our United States regional center is led by Ms. Cindy Luu, the General Manager of the Otsaw Digital, Inc. The United States regional center is currently responsible for our United States market expansion efforts, including specifically, business development, marketing, direct sales, and development of the distribution network of our products (including AMRs, UV -Cdisinfection systems, and TransCar AGVs) in the United States and Canada. Advisory Services On April30, 2024, we entered into an engagement via an engagement agreement (as amended on December12, 2024 and December20, 2024) with CMD Global Partners, LLC (“CMD”) under which CMD committed to provide financial services to us inclusive of raising capital through private placements of equity and/or debt securities or other financing arrangements and became an advisor to the Company’s initial public offering (the “Engagement Agreement”). Under the Engagement Agreement upon the completion of any financing, we agreed to pay CMD a cash fee of 7.80% of the aggregate amount of any financing irrevocably committed at or in connection with such closing, whether or not drawn down. In connection with the advisory role, we also agreed to provide payment for incurred expenses not greater than US$150