OwlTing Group (NASDAQ: OWLS) Announces 12-Month Lock-Up Extension Supported by SBI and Legacy Shareholders Representing More Than 99% of Subject Shares

Rhea-AI Summary

OwlTing Group (NASDAQ: OWLS) announced on April 20, 2026 that SBI and legacy shareholders representing more than 99% of the shares subject to the agreement have extended their lock-up arrangements for an additional 12 months.

The company says the extension should increase visibility into its public float, help mitigate near-term market dislocation from concentrated liquidity events, and support ongoing execution of its global payment and regulatory roadmap, including operations in 41 U.S. states, a VASP license in the EU, and a Bank API license in Japan.

Positive

• Lock-up extension covers more than 99% of subject shares
• Lock-up extended for 12 months, reducing near-term supply risk
• Regulatory footprint in 41 U.S. states supports operations

Negative

• Restricted shareholder liquidity for at least 12 months
• Concentrated insider holdings could limit free float volatility

News Market Reaction – OWLS

+11.91% 2.2x vol

11 alerts

+11.91% Session close to close

+13.2% Peak in 30 hr 26 min

$559.62M Market Cap

2.2x Rel. Volume

In the Apr 20 session, OWLS gained 11.91%, reflecting a significant positive market reaction. Argus tracked a peak move of +13.2% during that session. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. Trading volume was elevated at 2.2x the daily average, suggesting notable buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +11.9% in the session following this news. A strong positive reaction aligns with a...

Analysis

The stock surged +11.9% in the session following this news. A strong positive reaction aligns with a lock-up extension that reduced near-term share supply from core holders representing > 99% of subject shares. Past news on partnerships and client wins often saw modestly positive moves, suggesting investors rewarded execution milestones. However, prior selling pressure even on good news shows sentiment can shift quickly, and leverage from recent convertible financings could remain a consideration when assessing how durable any move might become over time.

Key Figures

Lock-up extension: 12 months Supporting shareholders: More than 99% of subject shares U.S. regulatory footprint: 41 U.S. states

3 metrics

Lock-up extension 12 months Duration of additional lock-up period for supporting shareholders

Supporting shareholders More than 99% of subject shares Portion of shares covered by extended lock-up agreements

U.S. regulatory footprint 41 U.S. states States where OwlTing reports regulatory coverage for OwlPay

Historical Context

5 past events · Latest: Apr 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 09	Visa collaboration expansion	Positive	+0.3%	Expanded Visa Direct integration to fund USDC transactions via OwlPay.
Mar 31	Client wins update	Positive	+2.4%	Reported >20 new OwlPay Harbor clients with >$5B annual payment volume.
Mar 23	High-growth recognition	Positive	+0.5%	Named to FT Asia-Pacific High-Growth list with strong revenue growth metrics.
Mar 12	Humanitarian deployment	Positive	-2.1%	Hope for Haiti deployment using OwlPay Harbor for low-cost cross-border aid.
Feb 17	Product launch	Positive	+1.7%	Launched OwlPay Cash app targeting U.S. outbound remittance corridors.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news has mostly been positive with share reactions generally aligning, though there has been at least one instance of a selloff on positive operational news.

Recent Company History

Over recent months, OWLS has reported several growth and partnership milestones, including recognition for 42% CAGR, onboarding 20+ OwlPay Harbor clients with > $5 billion in annual payment volume, and a Visa Direct expansion to fund USDC transactions. Humanitarian use cases and new remittance products further highlighted product traction. Price reactions to these updates were modestly positive in most cases, with one negative move, suggesting generally constructive but not uniformly bullish responses to operational progress compared with today’s lock-up extension news.

Key Terms

lock-up, public float, liquidity events, cross-border payment infrastructure, +3 more

7 terms

lock-up financial

"have agreed to extend their lock-up arrangements with the Company for an additional 12 months"

A lock-up is an agreement that prevents company insiders, early investors or employees from selling their shares for a set period after a public share offering. It matters to investors because it temporarily limits the number of shares available to trade—like a scheduled hold on extra inventory—and when that hold ends a large number of shares can enter the market, potentially putting downward pressure on the stock price and revealing insiders’ confidence in the company.

public float financial

"expected to provide increased visibility into the Company's public float over the coming year"

Public float is the total number of a company's shares that are available for trading by the general public. It excludes shares held by company insiders or large stakeholders who are unlikely to sell them easily. This figure helps investors understand how much of the company's stock is actively available, which can influence its liquidity and how easily its price might change.

liquidity events financial

"market dislocation that could be associated with concentrated liquidity events"

A liquidity event is an action that converts ownership in a business or an asset into cash or publicly tradable shares, such as a sale, merger, or initial public offering. Investors care because it’s the moment holders can actually realize the value of their stake—similar to selling a house to access the money tied up in it—and the price and timing of that event determine how much and when they get paid.

cross-border payment infrastructure technical

"focused on advancing its global payment infrastructure and executing its compliance-first growth strategy"

A network of systems, services and rules that moves money between countries, handling currency exchange, compliance checks and final settlement much like a highway system and border controls move goods across regions. It matters to investors because faster, cheaper and more reliable cross-border payment infrastructure can lower costs, expand markets, reduce risk of delays or losses, and create steady fee-based revenue for companies that build or use it.

virtual asset service provider (vasp) regulatory

"operating under a Virtual Asset Service Provider (VASP) license in the EU"

A virtual asset service provider (VASP) is a business that creates, exchanges, stores, or transfers digital assets such as cryptocurrencies on behalf of customers—think of it as a bank, exchange, or payment app for digital money. Investors care because a VASP’s security, controls and regulatory standing directly affect access to assets, counterparty risk and liquidity; failures, hacks or regulatory action can freeze funds, cause losses or trigger rapid price moves.

electronic payment intermediary service provider regulatory

"an Electronic Payment Intermediary Service Provider (Bank API) license in Japan"

An electronic payment intermediary service provider is a company or platform that facilitates digital financial transactions between buyers and sellers. It acts as a secure middleman, ensuring money moves smoothly and safely from one party to another, much like a digital cashier or escrow service. For investors, these providers are vital because they enable fast, reliable online payments, supporting the growth of e-commerce and digital finance.

bank api technical

"Electronic Payment Intermediary Service Provider (Bank API) license in Japan"

A bank API (Application Programming Interface) is a set of digital tools that allows different software systems to communicate and share information securely with a bank's services. For investors, bank APIs enable faster and more efficient access to financial data, such as account balances or transaction history, which can improve decision-making and support innovations like mobile banking or financial apps.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Extension aims to reflect long-term alignment among core shareholders and is expected to mitigate potential near-term share supply dynamics

ARLINGTON, Va., April 20, 2026 (GLOBE NEWSWIRE) -- OwlTing Group (NASDAQ: OWLS) (“OwlTing” or the “Company”), the operating brand of OBOOK Holdings Inc., a global fintech company, today announced that SBI Holdings, Inc. ("SBI") and the Company's relevant legacy shareholders, representing more than 99% of the shares subject to the extension, have agreed to extend their lock-up arrangements with the Company for an additional 12 months.

The extension is expected to provide increased visibility into the Company's public float over the coming year and to mitigate the potential for near-term market dislocation that could be associated with concentrated liquidity events. OwlTing believes the extension reflects the sustained participation of its long-term shareholders and their continued alignment with the Company's strategic direction.

“We are grateful for the sustained support from SBI, Mr. Yoshitaka Kitao, and our long-term shareholders,” said Darren Wang, Founder and CEO at OwlTing Group. “This alignment reflects a shared long-term view of the Company, and allows OwlTing to stay focused on advancing its global payment infrastructure and executing its compliance-first growth strategy.”

OwlTing's regulatory footprint spans 41 U.S. states¹, supporting OwlPay, its compliant, cross-border payment infrastructure² for global enterprises. Beyond the United States, the Company continues to advance its global regulatory roadmap, currently operating under a Virtual Asset Service Provider (VASP) license in the EU and an Electronic Payment Intermediary Service Provider (Bank API) license in Japan. The sustained alignment of SBI and the Company's long-term shareholders supports OwlTing's continued execution of this global regulatory and business roadmap.

About OwlTing Group
OwlTing Group (NASDAQ: OWLS) is the operating brand of OBOOK Holdings Inc., a global fintech company founded in Taiwan, with subsidiaries in the United States, Japan, Poland, Singapore, Hong Kong, Thailand, and Malaysia. The Company operates a diversified ecosystem across payments, hospitality, and e-commerce. In 2026, OwlTing was named to the Financial Times and Statista “High-Growth Companies Asia-Pacific 2026” list, ranking No. 226 among the top 500 fastest-growing companies in the region with a 42% CAGR. In 2025, OwlTing was ranked among the top 2 global players for the "Enterprise & B2B" category in the digital currency sector by CB Insights statistics. The Company’s mission is to use distributed ledger technology to provide businesses with more reliable and transparent data management, to reinvent the global flow of funds for businesses and consumers, and to lead the digital transformation of business operations. To this end, the Company introduced OwlPay, a Web2 and Web3 hybrid payment solution, to empower global businesses to operate confidently in the expanding digital currency economy. For more information, visit https://www.owlting.com/portal/?lang=en.

Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of applicable securities laws. These statements relate to future events or the Company’s future financial or operating performance and involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements can often be identified by words such as “may,” “will,” “expect,” “anticipate,” “plan,” “intend,” “believe,” “estimate,” or similar expressions. These forward-looking statements are based on the Company’s current expectations and assumptions and speak only as of the date of this announcement. The Company undertakes no obligation to update any forward-looking statements, except as required by law. Investors are cautioned not to place undue reliance on these statements and are encouraged to review the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission.

OwlTing Group Investor Relations
ir@owlting.com

OwlTing Group Media Relations
pr_office@owlting.com

^{____________________
1} As of April 20, 2026, OwlTing Group has obtained MTL licenses or their equivalent in 40 U.S. states and is applying for licenses in additional states. The Company has now expanded its regulatory footprint in 41 U.S. States. For a list of U.S. licenses obtained, please see https://www.owlting.com/owlpay/licenses?lang=en.
² All money transmission services in the United States are provided by OwlTing USA, Inc. (NMLS ID: 2324336), a wholly owned subsidiary of OBOOK Holdings Inc.

FAQ

What did OwlTing (OWLS) announce on April 20, 2026 about its shareholder lock-up?

OwlTing announced a 12-month lock-up extension covering over 99% of subject shares. According to the company, SBI and legacy shareholders agreed to extend lock-ups to increase visibility into public float and mitigate near-term concentrated liquidity risks.

How does the OWLS lock-up extension affect public float and potential share supply?

The extension is expected to reduce near-term share supply volatility by delaying large shareholder sales. According to the company, extending lock-ups for 12 months provides greater visibility into public float and may prevent concentrated liquidity events.

Which shareholders supported OwlTing's April 2026 lock-up extension for OWLS?

SBI and the company's relevant legacy shareholders backed the extension, representing more than 99% of subject shares. According to the company, this demonstrates sustained participation and alignment among long-term shareholders.

Does the OWLS announcement mention regulatory licenses or geographic coverage?

Yes. OwlTing reported a regulatory footprint across 41 U.S. states, a VASP license in the EU, and a Bank API license in Japan. According to the company, these support its global payment infrastructure and compliance-first growth strategy.

What are the investor implications of OwlTing's 12-month lock-up extension for OWLS shareholders?

Investors should expect less near-term selling pressure from locked shareholders but reduced immediate liquidity for those holders. According to the company, the extension aims to stabilize the float and align long-term shareholder interests with strategy execution.