Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 16

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 16
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 are discussed more fully in “Risk Factors.” Risks Related to Our Business and Industry and Our Operations

| • |     | Our growth may not be sustainable and depends on our ability to retain existing customers and users, attract new 
 customers and users and increase processed volumes and revenue from both new and existing customers and users.   |

| • |     | If we do not continue to improve our operational, financial and other internal controls and systems to manage                        
 growth effectively, our business, financial condition, results of operations and prospects may be materially and adversely affected. |

9

| • |     | Our success depends on our ability to develop products and services to address the rapid and significant                                                                                                                                           
 technological changes and evolving markets in the business sectors we compete in. If we cannot keep pace with rapid technological developments to provide new and innovative products and services, our business could be materially and adversely 
 affected.                                                                                                                                                                                                                                          |

| • |     | Our current operations are international in scope, and we plan to further expand globally, which may subject us                                                              
 to significant challenges, uncertainties and risks, including increasing obligations to comply with the laws, rules, regulations and policies of a variety of jurisdictions. |

| • |     | We face substantial and increasingly intense competition worldwide, including in the global payments industry,               
 and we may compete against unregulated or less-regulated companies and companies with greater financial and other resources. |

| • |     | We have a new business model and a short operating history in developing and rapidly evolving markets for our 
 products and services, which makes it difficult to evaluate our future prospects.                             |

| • |     | We make selective investments in new products and services and enhancement to our existing products and services,                                                                                           
 including with respect to industries and areas or technologies with which we have little or no prior development or operating experience, which may not be successful and may not achieve expected returns. |

| • |     | Our pricing decisions may fail to generate expected results and may adversely affect our ability to attract new 
 merchants and retain existing merchants.                                                                        |

| • |     | Our strategy and focus on delivering high-quality, compliant, easy-to-use, and secure blockchain-related financial services may not maximize short-term or medium-term financial results. |

| • |     | Global and regional economic conditions may materially and adversely affect our business. |

Risks Related to Our Financial Results

| • |     | We have incurred operating losses in the past and we intend to continue to invest in our business. Thus, our