Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 11

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 11
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 we compete in. If we cannot keep pace with rapid technological developments to provide new and innovative products and services, our business could be materially and adversely 
 affected.                                                                                                                                                                                                                                          |

| • |     | Our current operations are international in scope, and we plan to further expand globally, which may subject us                                                              
 to significant challenges, uncertainties and risks, including increasing obligations to comply with the laws, rules, regulations and policies of a variety of jurisdictions. |

| • |     | We face substantial and increasingly intense competition worldwide, including in the global payments industry,               
 and we may compete against unregulated or less-regulated companies and companies with greater financial and other resources. |

7

| • |     | We have a new business model and a short operating history in developing and rapidly evolving markets for our 
 products and services, which makes it difficult to evaluate our future prospects.                             |

| • |     | We make selective investments in new products and services and enhancement to our existing products and services,                                                                                           
 including with respect to industries and areas or technologies with which we have little or no prior development or operating experience, which may not be successful and may not achieve expected returns. |

| • |     | Our pricing decisions may fail to generate expected results and may adversely affect our ability to attract new 
 merchants and retain existing merchants.                                                                        |

| • |     | Our strategy and focus on delivering high-quality, compliant, easy-to-use, and secure blockchain-related financial services may not maximize short-term or medium-term financial results. |

| • |     | Global and regional economic conditions may materially and adversely affect our business. |

Risks Related to Our Financial Results

| • |     | We have incurred operating losses in the past and we intend to continue to invest in our business. Thus, our 
 ability to achieve or maintain profitability in the future is uncertain.                                     |

| • |     | 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.                                                                                                                                                                                                                       |

| • |     | A significant amount of our business and revenues is derived from a relatively small number of customers, and the                                                    
 loss of these customers, including a reduction in their transaction volume, could have an adverse effect on our business, operating results