Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 4

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 4
---
 begin trading on or about .

We are an “emerging growth company” under applicable U.S. federal securities laws and are eligible for reduced public company
reporting requirements.

We will be a “controlled company,” within the meaning of the applicable the rules of Nasdaq, since
Darren Wang, our founder and CEO, will have % of the total voting power of the Company as of consummation of the listing. See “Principal and Registered Shareholders” for details.

See “ Risk Factors” on page 21 to read about risks you should consider before investing in the Class A Common Shares.

Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.

We have two classes of authorized common shares, Class A Common Shares and Class B Common Shares. Holders of Class A Common Shares and Class B
Common Shares have the same rights except for voting and conversion rights. Each Class A Common Share is entitled to one vote, and each Class B Common Share is entitled to ten votes. Each Class B Common Share is convertible to one Class A Common
Share at any time at the option of the holder thereof. Class A Common Shares are not convertible into Class B Common Shares under any circumstances. See “Principal and Registered Shareholders” and “Description of Share Capital”
for details.

Prospectus dated , 2025

TABLE OF CONTENTS

| About this prospectus                                                   |     |    1 |
| Prospectus Summary                                                      |     |    2 |
| Summary of Consolidated Financial Data and Operating Data               |     |   17 |
| Risk Factors                                                            |     |   21 |
| Cautionary Statement Regarding Forward-Looking Statements               |     |   79 |
| Use of Proceeds                                                         |     |   81 |
| Dividend Policy                                                         |     |   82 |
| Capitalization                                                          |     |   83 |
| Management’s Discussion and Analysis of Financial Condition and Results 
 of Operations                                                           |     |   84 |
| Business                                                                |     |  107 |
| Management                                                              |     |  133 |
| Principal and Registered Shareholders                                   |     |  141 |
| Related Party Transactions                                              |     |  144 |
| Description of Share Capital                                            |     |  145 |
| Shares Eligible for Future Sale                                         |     |  156 |
| Sale Price History