Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 337

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 337
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| Simple agreement for future equity                                     |     | $             | — |     |              | 1,707,248 |

The Company entered into several Simple Agreements for Future Equity (“SAFE agreements”) in 2023 and 2022, at the total amount of $430,000 and $1,370,000, respectively. For the nine months ended September 30, 2024 and 2023, amounts of $100,000 and $50,000 were cashed out. F-65

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Unaudited Condensed Consolidated Financial Statements As of June 6, 2024, the Company completed the fundraising with an accumulated amount of more than US$10 million, the conversion criteria defined as an equity financing event in the SAFE agreements have been met. With the agreements from the investors of the 2022 SAFE agreements, the principal amount of $1.4 million was converted into 285,861 shares of Class A common share at the conversion price of $4.8975. The conversion date as of June 6, 2024, the fair values of the SAFE agreements, based on a valuation prepared by a third-party valuation specialists, was $1,866,666. The outstanding principal amounts were $0 and $1,500,000 as of September 30, 2024 and December 31, 2023, respectively. The Company recognized a loss on financial liabilities at fair value through profit or loss of $259,418 and $83,028 for the nine months ended September 30, 2024 and 2023, respectively.

| NOTE 13. | Preference share liabilities |

|                                          |     |   | September 30, 
          2024 |   |     |     | December 31, 
         2023 |   |
|:-----------------------------------------|:----|:--|--------------:|:--|:----|:----|-------------:|:--|
| Preference share liabilities             |     | $ |     2,075,533 |   |     |     |    2,067,326 |   |
| Less: current portion                    |     |   |      (406,366 | ) |     |     |     (101,592 | ) |
| Non-current preference share liabilities |     | $ |     1,669,167 |   |     |     |    1,