Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 102

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 102
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 book value per Class A Ordinary Share as of October 31, 2024                                                                                             |     | Offering       
 Without        
 Over-Allotment | [•] 
 [•] |     | Offering       
 With           
 Over-Allotment | [•] 
 [•] |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:---------------|:----|:----|:---------------|:----|
| Increase in pro forma as adjusted net tangible book value per Class A Ordinary Share attributable to new investors purchasing Class A Ordinary Share in this offering |     | $              | [•] |     | $              | [•] |
| Pro forma as adjusted net tangible book value per Class A Ordinary Share after this offering                                                                          |     | $              | [•] |     | $              | [•] |
| Dilution per Class A Ordinary Share to new investors in this offering                                                                                                 |     | $              | [•] |     | $              | [•] |

Each $1.00 increase (decrease) in the assumed initial public offering price of $[•] per Class A Ordinary Share would increase (decrease) our pro forma as adjusted net tangible book value as of October 31, 2024 after this offering by approximately $[•] per Class A Ordinary Share, and would increase (decrease) dilution to new investors by $[•] per ordinary share, assuming that the number of Class A Ordinary Shares offered by us, as set forth on the cover page of this prospectus, remains the same, and after deducting the underwriting discounts and estimated offering expenses payable by us. The pro forma as adjusted information is illustrative only, and we will adjust this information based on the actual initial public offering price and other terms of this offering determined at pricing. If the Underwriters exercise the over -allotmentoption in full, the pro forma as adjusted net tangible book value per Class A Ordinary Share after the offering would be $[•], the increase in net tangible book value per Class A Ordinary Share to existing shareholders would be $[•], and the immediate dilution in net tangible book value per Class A Ordinary Share to new investors in this offering would be $[•].

57

The following table summarizes, on a pro forma as adjusted basis as of October 31, 2024, the differences between existing shareholders and the new investors with respect to the number of Class A Ordinary Shares purchased from us, the total consideration paid and the average price per Class