Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 124

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 124
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 Per Class A   
 Common Share  |     | Average Price 
 Per ADS       |
|                       |     | Number         |     | Percent |     |   |     | Number           |     | Percent |     |   |     | Amount              
 (in millions)       |     | Percent |     |   |     |               |     |               |
| Existing shareholders |     |                |     |         |     | % |     |                  |     |         |     | % |     | US$                 |     |         |     | % |     | US$           |     | US$           |
| New investors         |     |                |     |         |     | % |     |                  |     |         |     | % |     |                     |     |         |     | % |     |               |     |               |
| Total                 |     |                |     |         | 100 | % |     |                  |     |         | 100 | % |     | US$                 |     |         | 100 | % |     | US$           |     | US$           |

The pro forma as adjusted information discussed above is illustrative only. Our net tangible book value following the completion of this offering is subject to adjustment based on the actual initial public offering price of the ADSs and other terms of this offering determined at pricing. The discussion and tables above assume no exercise of options outstanding as of the date of this prospectus. As of the date of this prospectus, we do not have any outstanding options. 87

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

You should read the following discussion and analysis of our financial condition and results of operations in conjunction with the section entitled “Summary of Consolidated Financial Data and Operating Data”, our historical consolidated financial statements and the related notes included elsewhere in this prospectus. This discussion contains forward-looking statements and involves numerous risks and uncertainties, including, but not limited to, those described in the “Risk Factors” section of this prospectus. Actual results could differ materially from those contained in any forward-looking statements.

Overview

We have almost a decade of experience applying blockchain technology to improve operational efficiency for businesses. We first launched
OwlTing Market, an e-commerce platform designed to elevate local businesses and farmers by improving product quality and enhancing global market exposure. Expanding its footprint into the hospitality
sector, we introduced OwlNest in 2018, the innovative