Company: OWLS
Filing Date: 2025-09-24
Form Type: F-1/A
Source: 0001193125-25-213968
Chunk: 286

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-24
Form: F-1/A
Chunk 286
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Financial Instruments: Presentation”, the SAFE agreements are classified as a liability because the Company does not have an unconditional right to avoid settlement in cash or in another way that it would be a financial liability. Due to their complex features, they are measured at fair value through profit or loss in accordance with IFRS 9. The fair value of the SAFE agreements is remeasured at the end of each reporting period, with any changes recognized as financial expenses in the statements of profit or loss. At initial recognition, the fair value of the SAFE agreements equals the transaction price. As of December 31, 2023, the fair value of the SAFE agreements, based on a valuation conducted by independent third-party valuation specialists, was $1,707,248. F-31

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued) As of June 6, 2024, the Company completed the fundraising with an accumulated amount of more than US$10 million, the conversion criteria defined as an equity financing event in the SAFE agreements have been met. With the agreements from the investors of the 2022 SAFE agreements, the principal amount of $1.4 million was converted into 285,861 shares of Class A common share at the conversion price of $4.8975. The conversion date as of June 6, 2024, the fair values of the SAFE agreements, based on a valuation conducted by a third-party valuation specialists, was $1,866,666. The outstanding principal amounts were $0 and $1,500,000 as of December 31, 2024 and 2023, respectively. The Company recognized a loss on financial liabilities at fair value through profit or loss of $259,418 and $143,693 for the years ended December 31, 2024 and 2023, respectively.

| NOTE 15. | Preference Share Liabilities |

|                                          |     |   | December 31, 
         2024 |   |     |     | December 31, 
         2023 |   |
|:-----------------------------------------|:----|:--|-------------:|:--|:----|:----|-------------:|:--|
| Preference share liabilities             |     | $ |    1,976,365 |   |     |     |    2,067,326 |   |
| Less: current portion                    |     |   |     (406,366 | )