Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 27

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 27
---
 we qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An “emerging growth company” may take advantage of reduced reporting requirements that are otherwise applicable to larger public companies. In particular, as an emerging growth company, we: •may present only two years of audited financial statements and only two years of related Management’s Discussion and Analysis of Financial Condition and Results of Operations, or “MD&A”; •are not required to provide a detailed narrative disclosure discussing our compensation principles, objectives and elements and analyzing how those elements fit with our principles and objectives, which is commonly referred to as “compensation discussion and analysis”; •are not required to obtain an attestation and report from our auditors on our management’s assessment of our internal control over financial reporting pursuant to the Sarbanes -OxleyAct of 2002; 11 •are not required to obtain a non -bindingadvisory vote from our shareholders on executive compensation or golden parachute arrangements (commonly referred to as the “say -on -pay,” “say -onfrequency” and “say -on - golden-parachute” votes); •are exempt from certain executive compensation disclosure provisions requiring a pay -for -performancegraph and chief executive officer pay ratio disclosure; •are eligible to claim longer phase -inperiods for the adoption of new or revised financial accounting standards under §107 of the JOBS Act; and •will not be required to conduct an evaluation of our internal control over financial reporting. We intend to take advantage of all of these reduced reporting requirements and exemptions, including the longer phase -inperiods for the adoption of new or revised financial accounting standards under §107 of the JOBS Act. Our election to use the phase -inperiods may make it difficult to compare our financial statements to those of non -emerginggrowth companies and other emerging growth companies that have opted out of the phase -inperiods under §107 of the JOBS Act. Foreign Private Issuer We are a “foreign private issuer,” as defined by the SEC. As a result, in accordance with the rules and regulations of Nasdaq, we may choose to comply with home country governance requirements and certain exemptions thereunder rather than complying with Nasdaq corporate governance standards. We may choose to take advantage of the following exemptions afforded to foreign private issuers: •Exemption from filing quarterly reports on Form 10 -Q, from filing proxy solicitation materials on Schedule