Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 247

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 247
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 connection with this offering, we expect to enter into an underwriting agreement with Aegis Capital Corp. (“Aegis” or the “underwriter”), the underwriter named in this prospectus, with respect to the offering of the Class A Ordinary Shares described in this prospectus. Subject to the terms and conditions of the underwriting agreement, we have agreed to sell to the underwriter, and the underwriter has agreed to purchase from us, at the initial public offering price less the underwriting discounts and commissions set forth on the cover page of this prospectus on a firm commitment basis, the number of Class A Ordinary Shares listed next to its name in the following table:

| Underwriter         |     | Number of 
 Class A   
 Ordinary  
 Shares    |
| Aegis Capital Corp. |     | [•]       |
| Total               |     | [•]       |

The underwriter is offering the shares subject to their acceptance of the shares from us and subject to prior sale. The underwriting agreement provides that the underwriter’s obligation to pay for and accept delivery of the shares offered by this prospectus are subject to the approval of certain legal matters by their counsel and to certain other conditions, including: •the representations and warranties made by us to the underwriter are true; •there is no material change in our business or the financial markets; and •we deliver customary closing documents to the underwriter. The underwriter is obligated to take and pay for all of the shares offered by this prospectus if any such shares are taken. However, the underwriter is not required to take or pay for the shares covered by the underwriter’s over -allotmentoption described below. Discounts, Commissions and Reimbursement The following table shows the public offering price, underwriting discount and proceeds, before expenses, to us. The information assumes either no exercise or full exercise by the underwriter of its over -allotmentoption.

|                                                |     | Per Class A 
 Share       |     | Total          
 No Exercise of 
 Over-Allotment 
 Option         |     | Full Exercise of 
 Over-Allotment   
 Option           |
|:-----------------------------------------------|:----|:------------|:----|:---------------|:----|:-----------------|
| Initial public offering price                  |     | $           |     | $              |     | $                |
| Underwriting discounts and commissions (7%)(1) |     | $           |     | $              |     | $                |
|