Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 90

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 90
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, our consumer growth, retention,

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and engagement may be seriously harmed, and we may not be able to maintain or grow our revenue as anticipated, which would materially affect our business.

Risk Related to Third Parties

We have in the past, and may in the future, enter into partnerships, collaborations, joint ventures or strategic alliances with third parties. If we are unsuccessful in establishing or maintaining strategic relationships with these third parties, or if these third parties fail to deliver certain operational services, our business, operating results and financial condition could be adversely affected.

We have previously, and may in the future, enter into partnerships, collaborations, joint ventures or strategic alliances with third parties
that may be essential to our development, operation and enhancement of our products and provision of our services. We currently partner with third-party service providers in enabling various payment options for our customers, including via cash,
credit card and stablecoins. For example, we partner with USDC issuer, digital assets exchanges or settlement providers (including Circle, Coinbase Prime, Bridge XYZ and MoneyGram) to facilitate the conversion from fiat currency to USDC, and vice
versa, in connection with our on/off-ramp services between fiat currency and USDC. See “Business—Our Partnerships.”

It may cost us substantial time and resources to identify and negotiate strategic relationships with third parties, as well as maintaining our
relationship and further strengthening our cooperation with mission-critical third-party partners. These efforts could be complex and divert management attention, but may not yield anticipated benefits in a timely fashion or at all.

While we evaluate a broad range of factors in assessing potential partners, including the counterparties’ reputation, operating results
and financial condition, operational ability to satisfy our and our customers’ needs in a timely manner, efficiency and reliability of systems, certifications costs to us or to our customers, and licensure and compliance status, these parties
may not fulfill our or our customers’ needs, and thus may adversely affect our ability to deliver products and services to customers, and adversely impact our business, operating results and financial condition. These counterparties may have
interests or objectives that are, or that may become, inconsistent with our own interests or objectives, and may leave us susceptible to additional risks if the third party becomes the subject of negative publicity, faces its own litigation or
regulatory challenges, or encounters other adverse circumstances.

Our partners may decide to halt relationships with us for any or no
reason, and we may not be able to establish alternative partnerships providing similar functionalities in a timely