Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 80

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 80
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 a small public offering, which would result in insiders holding a large portion of the company’s listed securities. Nasdaq was concerned that the offering size was insufficient to establish the company’s initial valuation, and there would not be sufficient liquidity to support a public market for the company; and (iii) where the company did not demonstrate sufficient nexus to the U.S. capital market, including having no U.S. shareholders, operations, or members of the board of directors or management. Our public offering will be relatively small and the insiders of our Group will hold a large portion of the company’s listed securities. Nasdaq might apply the additional and more stringent criteria for our initial and continued listing, which might cause delay or even denial of our listing application. 43 The trading price of our Class A Ordinary Shares may be volatile, which could result in substantial losses to you. The trading price of our Class A Ordinary Shares may be volatile and could fluctuate widely due to factors beyond our control. This may happen because of the broad market and industry factors, like the performance and fluctuation of the market prices of other companies with business operations located mainly in Singapore that have listed their securities in the United States. In recent years, the stock markets generally have experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of those companies. Broad market and industry factors may significantly affect the market price of our Class A Ordinary Shares, regardless of our actual operating performance. These fluctuations may be even more pronounced in the eventual trading market for our Class A Ordinary Shares. In addition, the market price of our Class A Ordinary Shares is likely to be highly volatile and may fluctuate substantially due to many factors, including: •the volume and timing of sales of our products; •actual or anticipated fluctuations in our results of operations and changes or revisions of our expected results; •the financial projections we may provide to the public, any changes in these projections or our failure to meet these projections; •disputes or other developments with respect to our or others’ intellectual property rights; •the realization of any of the other risk factors presented in this prospectus; •changes in investors’ perception of us and the investment environment generally; •release or expiry of lock -upor other transfer restrictions on our outstanding Ordinary Shares; •sales or perceived potential sales of additional Ordinary Shares; •our ability to develop, obtain regulatory clearance or approval for, and market new and enhanced robotic products on a timely basis; •lawsuits threatened or filed against us, potential product liabilities claim