Company: OWLS
Filing Date: 2025-09-24
Form Type: F-1/A
Source: 0001193125-25-213968
Chunk: 106

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-24
Form: F-1/A
Chunk 106
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 at which the underwriters initially sold Class A Common Shares to the public,            
 as would be the case in an underwritten initial public offering. Moreover, there will be no underwriters assuming risk in connection with the initial resale of our Class A Common Shares. Additionally, because there are no underwriters, there is     
 no underwriters’ option to purchase additional Class A Common Shares. In an underwritten initial public offering, the underwriters may engage in “covered” short sales in an amount of Class A Common Shares representing the                            
 underwriters’ option to purchase additional Class A Common Shares. To close a covered short position, the underwriters purchase Class A Common Shares in the open market or exercise the underwriters’ option to purchase additional Class A             
 Common Shares. In determining the source of Class A Common Shares to close the covered short position, the underwriters typically consider, among other things, the price of Class A Common Shares available for purchase in the open market as compared 
 to the price at which they may purchase Class A Common Shares through the underwriters’ option to purchase additional Class A Common Shares. Purchases in the open market to cover short positions, as well as other purchases                           
 underwriters may undertake for their own accounts, may have the effect of preventing a decline in the market price of Class A Common Shares. Given that there will be no underwriters’ option to purchase additional Class A Common Shares and no        
 underwriters engaging in stabilizing transactions, there could be greater volatility in the public price of our Class A Common Shares during the period immediately following the listing. See also “— An active, liquid and orderly trading             
 market for our Class A Common Shares on the Nasdaq might not develop or be sustained. The trading prices of our Class A Common Shares may fluctuate significantly and you may be unable to sell your Class A Common Shares at or above the               
 price you bought them for.”                                                                                                                                                                                                                              |

| • |     | There is not a fixed number of Class A Common Shares available for sale. Therefore, there can be no assurance                                                                                                                                        
 that any registered shareholders or other existing shareholders will sell any or all of their Class A Common Shares and there may initially be a lack of supply of, or demand for, our Class A Common Shares on Nasdaq. Alternatively, we may have a 
 large number of registered shareholders or other existing shareholders who choose to sell their Class A Common Shares in the near term resulting in an oversupply of our Class A Common Shares, which could adversely impact the public price        
 of our Class