Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 106

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 106
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 will adjust this information based on the actual initial public offering price and other terms of this offering determined at pricing. If the Underwriters exercise the over -allotmentoption in full, the pro forma as adjusted net tangible book value per Class A Ordinary Share after the offering would be $0.21, the increase in net tangible book value per Class A Ordinary Share to existing shareholders would be $0.46, and the immediate dilution in net tangible book value per Class A Ordinary Share to new investors in this offering would be $4.79.

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The following table summarizes, on a pro forma as adjusted basis as of October31, 2024, the differences between existing shareholders and the new investors with respect to the number of Class A Ordinary Shares purchased from us, the total consideration paid and the average price per Class A Ordinary Share before deducting the estimated commissions to the underwriters and the estimated offering expenses payable by us.

| FIRM COMMITMENT OFFERING               |     | Shares Purchased 
           Amount |     | Percent |   |     | Total Consideration 
 Amount              |            |     | Percent |   |     | Average Price 
 Per Share     |      |
|:---------------------------------------|:----|-----------------:|:----|--------:|:--|:----|:--------------------|-----------:|:----|--------:|:--|:----|:--------------|-----:|
| Existing shareholders (Pre-IPO owners) |     |       45,142,208 |     |    91.0 | % |     | $                   | 27,075,069 |     |    54.9 | % |     | $             | 0.60 |
| New investors(1)                       |     |        4,444,445 |     |     9.0 | % |     | $                   | 22,222,225 |     |    45.1 | % |     | $             | 5.00 |
| Total                                  |     |       49,586,653 |     |     100 | % |     | $                   | 49,297,294 |     |     100 | % |     | $             | 0.99 |

____________ (1)Not including shares underly the over -allotmentoption. The pro forma as adjusted information as discussed above is illustrative only. Our net tangible book value following the completion of this offering is subject to adjustment based on the