Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 100

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 100
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, including by our existing shareholders, could cause the price of our ADSs to decline significantly.

Future
sales of our ADSs or other equity or equity-linked securities in the public market, or the perception that these sales could occur, could cause the market price of our ADSs to decline significantly. All of our Class A Common Shares represented
by ADSs will be freely transferable by persons other than our affiliates without restriction or additional registration under the Securities Act. The Class A Common Shares held by our affiliates and other shareholders will also be available for
sale, subject to [any lock-up arrangement with the underwriters for a period after the consummation of this offering] and volume and other restrictions as applicable under Rules 144 and 701 under the
Securities Act, under sales plans adopted pursuant to Rule 10b5-1 or otherwise. Future sales of a substantial number of our ADSs in the public market could result in a significant decline in the public trading
prices of our ADSs and could impair our ability to raise capital through the sale or issuance of additional ADSs.

An active trading market for our ADSs on the Nasdaq might not be sustained and trading prices of our ADSs may fluctuate significantly.

We cannot guarantee that an
active trading market for our ADSs on the Nasdaq will be sustained. If such an active trading market is not sustained, the market price and liquidity of our ADSs and/or our other securities could be materially and adversely affected. The public
offering price for our ADSs in this offering was determined by negotiation between us and our advisors based on a number of factors, and we can provide no assurance that the trading prices of our ADSs after this offering will not decline below the
public offering price.

If we do not meet the expectations of equity research analysts, if they do not publish research or reports about our business or if they issue unfavorable commentary or downgrade our ADSs, the price of our ADSs could decline.

The trading market
for our ADSs will rely in part on the research and reports that equity research analysts publish about us and our business. The analysts’ estimates are based upon their own opinions and often differ from our estimates or expectations. If our
results of operations are below the estimates or expectations of public market analysts and investors, the price of our ADSs could decline. Moreover, the price of our ADSs could decline if one or more securities analysts downgrade our ADSs or if
those analysts issue other unfavorable commentary or cease publishing reports about us or