ShareholdingMay 14, 2026, 04:34 PM
OBOOK Holdings Registers 12.35M Class A Shares for Resale
AI Summary
OBOOK Holdings Inc. filed an F-1 registration statement for the resale of up to 12,350,340 Class A Common Shares by a selling shareholder. These shares originate from a senior secured convertible promissory note and a warrant issued on April 6, 2026, as part of a private placement. The company will not receive proceeds from the share sales but may receive up to $6.65 million from the cash exercise of the warrant. OBOOK also announced the expansion of its OwlPay Harbor platform, including a collaboration with VISA and new funding methods, with an estimated $6 billion in potential annual payment volume from new enterprise clients.
Key Highlights
- Registered up to 12,350,340 Class A Common Shares for resale by a selling shareholder.
- Shares include 11,500,000 from a convertible note and 850,340 from a warrant.
- Company may receive up to $6,649,659 from cash exercise of the warrant.
- Issued a $11,500,000 senior secured convertible promissory note maturing October 6, 2027.
- Warrant exercisable for 850,340 Class A shares at an initial price of $7.82 per share.
- Expanded OwlPay Harbor with VISA collaboration and ACH Pull, covering 41 U.S. states.
- OwlPay Harbor has 29 contracted enterprise clients, with $6B+ estimated annual payment volume.
- Pro forma as adjusted cash and restricted cash is $25,155,000.