Company: OWLS
Filing Date: 2025-09-03
Form Type: F-1
Source: 0001193125-25-195057
Chunk: 17

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-03
Form: F-1
Chunk 17
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| • |     | 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 
 ability to achieve or maintain profitability in the future is uncertain.                                     |

| • |     | We may require additional capital to support our operations and the growth of our business, and we cannot be                                                                                                                                             
 certain that financing will be available on reasonable terms when required, or at all, and our existing credit facility and our senior notes contain, and any future debt financing may contain, covenants that impact the operation of our business and 
 pursuit of business opportunities.                                                                                                                                                                                                                       |

| • |     | A significant amount of our business and revenues is derived from a relatively small number of customers, and the                                                    
 loss of these customers, including a reduction in their transaction volume, could have an adverse effect on our business, operating results and financial condition. |

| • |     | The requirements of being a public company may strain our resources and distract our management, which could make 
 it difficult to manage our business.                                                                              |

| • |     | Our financial results may fluctuate significantly and periodically, which may make our period-to-period results 
 volatile and our future performance difficult to predict.                                                       |

| • |     | Fluctuations in exchange rates could result in foreign currency exchange losses in our business. |

| • |     | The nature of our business requires the application of complex financial accounting rules, and there is limited 
 guidance from accounting standard setting bodies on certain topics, including on digital assets.                |

Risks Related to Digital Assets and Stablecoin

| • |     | The future development and growth of digital assets are subject to a variety of factors that are difficult to 
 predict and evaluate. If the adoption and market acceptance of digital assets, in particular the              |

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| stablecoin, does not grow as we expect, our business, operating results and financial condition could be adversely affected. |

| • |     | Due to unfamiliarity and some negative publicity associated with the blockchain economy, existing