Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 21

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 21
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 several risks, including risks related to our business and industry, risks related to our technology and business strategy, risks related to our business generally, risks related to our management, governance, and ownership, and risks related to our securities in this offering. Our business is subject to numerous risks, as more fully described under “Risk Factors” beginning on page 16, which you should carefully consider prior to deciding whether to invest in our Class A Ordinary Shares. Below is a summary of material factors that make an investment in our Class A Ordinary Shares speculative or risky. These risks include, but are not limited to, the following: Risks Related to our Business and Industry •We are an early -stagecompany with a history of losses and expect to incur significant expenses for the foreseeable future (on page 16). •As described in the report of our auditors for the years ended April30, 2024, and 2023 and the notes to our consolidated financial statements, there is substantial doubt about our ability to continue as a going concern, and if we are unable to continue, you may lose your entire investment. •We have yet to achieve positive operating cash flow and, given our projected funding needs, our ability to generate positive cash flow is uncertain (on page 17). •We made, and expect to continue to make, significant investments in research and development that may not achieve expected returns (on page 17). •Our limited operating history makes it difficult to evaluate our business, prospects, and future viability, and may increase the risk of your investment (on page 18). •Our operations and the implementation of our growth strategies require a significant amount of capital. Our future capital needs may require us to sell additional equity or debt securities that may result in substantial dilution or significant debt service obligations and covenants that may restrict our operations or our ability to pay dividends (on page 18). •We have no experience maintaining or servicing our products at a large scale (on page 19). •Our ability to manufacture, assemble, and produce our products on a large scale is unproven, and delays in the development, production and delivery of our products could harm our business, prospects, financial condition and operating results (on page 20). •The commercial robotic market is in early stage of customer adoption and the possibilities of large -scaleapplication of autonomous robots in the facilities management industries is unproven. If the commercial robotic market does not experience significant development, or develops more slowly than we expect, or if our products do not