Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 231

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 231
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 than a dividend at the rate of 1.5% per annum of the subscription price paid for each Preferred Share. The Company shall redeem all Class A Preferred Shares upon
the second anniversary of the issue date of the Class A Preferred Shares by paying in cash the original subscription price paid for each Class A Preferred Share together with all unpaid dividends thereon. If the Company conducts a public offering or
is otherwise required pursuant to the share subscription agreement, the Company shall immediately redeem all Class A Preferred Shares.

156

On November 15, 2021, the parties to the share subscription agreement agreed that the period
before the Company is obligated to redeem all Class A Preferred Shares shall be extended to three years. On July 21, 2023, the parties further agreed that the agreement were revised as follows: (i) the period before the Company is obligated to
redeem Class A Preferred Shares shall be further extended by one year, during which period the dividends shall accrue at the rate of 1.5% per annum; and (ii) upon expiration of such period, the Company shall redeem Class A Preferred Shares plus
accrued dividends on a quarterly basis for a period of five years.

Since October 2024, the Company has been making quarterly redemption
pursuant to the revised agreement. On February 7, 2025, the Company obtained NDF’s consent that if the Company becomes a publicly listed company, the Company may carry out the required one-time redemption of all remaining preferred shares
within two months after the listing.

Registration Rights

Following the effectiveness of the registration statement of which this prospectus forms a part, SBI Digital Strategic
Investment Co., Ltd. (formerly named SBI Crypto Investment Co., Ltd.), a holder of our common shares who holds, as of the time of effectiveness the registration statement of which this prospectus forms a part, 15,308,819 Class A Common Shares, will
be entitled to rights (the “Registration Rights”) with respect to the registration of their common shares under the Securities Act, pursuant to an Investor Rights Agreement we entered into with such holder of our common shares in April
2018. Such holder’s Registration Rights consist of customary rights for demand registration, F-3 registration and piggyback registration. The Registration Rights are only with respect to such holder’s Class A Common Shares (including any
Class A Common Shares issued or issuable upon the conversion or exercise of other securities). We will pay the registration expenses (other than under