Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 2

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 2
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 Ordinary Shares. We expect that the initial public offering price will be between US$4.00 and US$6.00 per Class A Ordinary Share. We plan to apply to list our Class A Ordinary Shares on the Nasdaq Capital Market (or, “Nasdaq”) under the symbol “OTSA”. We cannot guarantee that we will be successful in listing our Class A Ordinary Shares on Nasdaq; however, we will not complete this offering unless we are so listed. We are authorized to issue 500,000,000shares, divided into 499,999,999 Class A Ordinary Shares and 1 class B ordinary share, par value US$0.0001 per share (the “Class B Ordinary Share”). Holders of Class A Ordinary Shares and Class B Ordinary Shares shall vote together as one class on all resolutions submitted to the shareholders and have the same rights except that (i) at a general meeting, each Class A Ordinary Share shall entitle its holder to one (1) vote and each Class B Ordinary Share shall entitle its holder to that number of votes equal to sixty (60) percent of the total number of Class A Ordinary Shares and Class B Ordinary Shares outstanding as at the record date for determining those shareholders that are entitled to vote at the general meetings of the Company; (ii) each Class A Ordinary Share confers upon the holder the right to receive dividends in accordance with our articles of association, whereas each Class B Ordinary Share does not confer upon the holder thereof any rights to receive dividends; (iii) on a winding up of the Company, each Class A Ordinary Share confers upon the holder the right to repayment of capital and the right to participate in the profits or surplus assets of the Company in accordance with our articles of association, whereas each Class B Ordinary Share confers upon the holder only the right to repayment of capital but no other right to participate in the profits or surplus assets of the Company; and (iv) Class B Ordinary Shares do not have any economic interest, save for the right to repayment of capital on a winding up. Class B Ordinary Shares are not convertible into Class A Ordinary Shares, and Class A Ordinary Shares are not convertible into Class B Ordinary Shares. Only one Class B Ordinary Share may be issued and outstanding at any time. Investing in our Class A Ordinary Shares involves a high degree of risk, including the risk of losing your entire investment. See “Risk Factors” beginning on page 15 to read about factors you should consider before buying our Class A Ordinary Shares. We are both