Company: OWLS
Filing Date: 2025-09-03
Form Type: F-1
Source: 0001193125-25-195057
Chunk: 20

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-03
Form: F-1
Chunk 20
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 making other payments to us, which may 
 restrict our ability to satisfy the liquidity requirements.                                                       |

| • |     | Our Taiwan subsidiaries are subject to foreign exchange control imposed by Taiwan authorities, which may affect 
 the paying dividends, repatriating the interest or making other payments to us.                                 |

Risks Related to the Class A Common Shares

| • |     | Our listing differs significantly from an underwritten initial public offering; the impact of awareness of our                                                                                 
 brand and consumer and investor recognition of our Company on the demand for our Class A Common Shares is unpredictable and our marketing and brand development efforts may not be successful. |

| • |     | The trading prices of our Class A Common Shares are likely to be volatile, which could result in substantial 
 losses to holders of our Class A Common Shares and could subject us to litigation.                           |

| • |     | 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. |

| • |     | Investors in our Class A Common Shares may be unable to bring claims under Sections 11 and 12(a)(2) of the           
 Securities Act due to tracing requirements, which may limit the remedies available to investors in a direct listing. |

| • |     | Certain of our shareholders are expected to have different contractual lock-up agreements or other contractual 
 restrictions on transfer from what is customary in an                                                          |

12

| underwritten initial public offering. Following our listing, sales of substantial amounts of our Class A Common Shares in the public markets, or the perception that sales might occur, could 
 cause the trading price of our Class A Common Shares to decline.                                                                                                                              |

| • |     | We may not be able to meet each of the quantitative requirements of the Nasdaq Global Market’s Market Value 
 Standard for direct listings.                                                                               |

| • |     | If we do not meet the expectations of equity research analysts, if they do not publish research or reports about                                   
 our business or if they issue unfavorable commentary or downgrade our Class A Common Shares, the price of our Class A Common Shares could decline. |

| • |     | Our issuance of additional share capital in connection with financings, acquisitions, investments, equity 
 incentive plans or otherwise will dilute all other shareholders.                                          |

Implications of Being an