Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 28

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 28
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 members of our board of directors might not be independent directors and our nominating and corporate governance and compensation committees might not consist entirely of independent directors after we complete this offering. Additionally, pursuant to Nasdaq’s phase -inrules for newly listed companies, we have one year from the date on which we are first listed on Nasdaq to comply fully with the Nasdaq listing standards. We do not plan to rely on the phase -inrules for newly listed companies and plan to comply fully with the Nasdaq listing standards at the time of listing. Implications of Being an Emerging Growth Company and a Foreign Private Issuer Emerging Growth Company As a company with less than US$1.235 billion in revenue during our last fiscal year, we qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An “emerging growth company” may take advantage of reduced reporting requirements that are otherwise applicable to larger public companies. In particular, as an emerging growth company, we: •may present only two years of audited financial statements and only two years of related Management’s Discussion and Analysis of Financial Condition and Results of Operations, or “MD&A”; 11 •are not required to provide a detailed narrative disclosure discussing our compensation principles, objectives and elements and analyzing how those elements fit with our principles and objectives, which is commonly referred to as “compensation discussion and analysis”; •are not required to obtain an attestation and report from our auditors on our management’s assessment of our internal control over financial reporting pursuant to the Sarbanes -OxleyAct of 2002; •are not required to obtain a non -bindingadvisory vote from our shareholders on executive compensation or golden parachute arrangements (commonly referred to as the “say -on -pay,” “say -onfrequency” and “say -on - golden-parachute” votes); •are exempt from certain executive compensation disclosure provisions requiring a pay -for -performancegraph and chief executive officer pay ratio disclosure; and •will not be required to conduct an evaluation of our internal control over financial reporting. We intend to take advantage of all of these reduced reporting requirements and exemptions applicable to emerging growth companies under the JOBS Act. However, we are not eligible for and will not take advantage of the longer phase -inperiods for the adoption of new or revised financial accounting standards under §107 of the JOBS Act, as our consolidated financial statements are prepared in accordance with IFRS