The SEC filings of OBOOK Holdings Inc. (NASDAQ: OWLS), operating as the OwlTing Group, follow the foreign private issuer pattern, which differs from what investors expect from a U.S. domestic company.
The annual report arrives on Form 20-F rather than Form 10-K, and there is no quarterly Form 10-Q. Material developments are furnished on Form 6-K rather than filed on Form 8-K, which means press releases, interim results, and corporate announcements all reach the record through 6-K submissions. Financial statements are prepared under IFRS Accounting Standards rather than U.S. GAAP, so the segment note, revenue recognition, and lease accounting follow IFRS presentation.
For this company the 20-F carries the most detail. Its segment note breaks out payment services, hospitality software, hospitality platform services, e-commerce, and other activities, which is where the revenue mix becomes visible. The risk factors set out the licensing position by jurisdiction, the concentration of the business in Taiwan, and cross-strait geopolitical exposure. The annual report also includes a going-concern note addressing historical financing sources, working-capital needs, and management’s financing plans.
The company’s directors and officers are subject to Section 16(a) reporting and file Forms 3, 4, and 5, so beneficial ownership and insider transactions appear in the filing record. Schedule 13G filings disclose holders above five percent, which is worth watching alongside the company’s controlled company status.
Registration statements on Form F-1 and prospectuses under Rule 424(b) also appear, reflecting share registration activity following the direct listing. Read alongside the 20-F, they show how the share count and capital structure have evolved.
OBOOK Holdings Inc., operating as OwlTing Group, is introducing OwlPay Booking Engine for Agent Checkout, an end-to-end booking platform designed for AI agent-initiated hospitality reservations and payments, with launch expected in June 2026 subject to market and regulatory conditions.
The Service combines OwlPay Agent Checkout for booking confirmation, OwlPay Agent Wallet for AI agent-authorized payments, and OwlPay Harbor for cross-border settlement. OwlTing plans to onboard its existing OwlNest property management base of over 2,800 hotel and accommodation clients worldwide as the initial deployment audience.
In 2025, gross booking volume across OwlNest client platforms was approximately USD 280 million, with monthly gross order volume of about USD 30 million in each of March and April 2026. The Service is designed to earn platform fees from operators, payment fees on multi-currency settlements, and per-transaction fees on AI agent bookings, aiming to position OwlTing within emerging AI-driven hospitality and digital currency commerce.
OBOOK Holdings Inc. has filed a Form F-1 to register for resale up to 12,350,340 Class A Common Shares held by Lind Global Asset Management XV LLC, consisting of up to 11,500,000 shares issuable upon conversion/repayment of a senior secured convertible note and 850,340 shares issuable upon exercise of a warrant. The Company will not receive proceeds from sales by the selling shareholder, but may receive up to $6,649,659 if the warrant is exercised in cash at the current exercise price. The resale registration covers shares issuable under the April 2026 Securities Purchase Agreement and includes a 9.99% beneficial ownership cap on conversions/exercises. As of May 14, 2026, there were 37,825,411 Class A Common Shares outstanding (pro forma issuance assumption would yield 50,175,751 shares).
OBOOK Holdings Inc. reports its 2025 annual results and business overview as a blockchain-focused fintech operating payments, hospitality and e-commerce platforms. The company remains loss-making, with net losses of US$6.8 million, US$10.3 million and US$31.9 million in 2023, 2024 and 2025, and an accumulated deficit of US$92.5 million.
Payments drove 56% of 2025 revenue, hospitality 37% and e-commerce 7%, with over 99% of revenue coming from Taiwan. OBOOK is expanding OwlPay, its fiat and stablecoin payment suite, adding Circle Payments Network integration, OwlPay Cash remittances and licenses in 39 U.S. states, while funding growth through equity and SAFE financings.
OBOOK Holdings reported 2025 revenue of US$7.9 million, up slightly from 2024, while using the year to complete the core buildout of its OwlPay stablecoin settlement infrastructure and list on Nasdaq. The company posted a net loss of US$31.9 million, driven largely by US$16.8 million of non-cash share-based compensation and about US$6.9 million of non-recurring listing-related expenses. Excluding these items, the underlying operating loss improved to US$8.2 million from US$10.3 million in 2024, with the adjusted cost base broadly flat. As of December 31, 2025, cash and restricted cash totaled US$9.4 million, supported by US$16.6 million of equity financings and US$2.5 million from SAFE agreements during the year, and a subsequent US$10 million convertible investment from Lind Global in April 2026. OwlPay Harbor had 36 enterprise clients under commercial agreements, whose own businesses represent over US$6 billion in aggregate annual payment volume, and the group held 40 U.S. state money transmitter licenses by April 2026.
OBOOK Holdings Inc., operating as OwlTing Group, reports that SBI Holdings and key legacy shareholders have agreed to extend their share lock-up arrangements by an additional 12 months.
These holders represent more than 99% of the shares subject to the extension, which is expected to stabilize near-term share supply and offer clearer visibility into the public float. Management views this as evidence of long-term alignment with the Company’s strategy in global payments and digital assets.
OwlTing highlights a growing regulatory footprint, including money transmission coverage in 41 U.S. states, a VASP license in the EU, and a Bank API license in Japan. The Company was ranked No. 226 on the Financial Times/Statista “High-Growth Companies Asia-Pacific 2026” list with a 42% CAGR and has been cited as a top 2 global player in enterprise and B2B digital currency solutions.
OBOOK Holdings Inc., operating as OwlTing Group, filed a Form 6-K highlighting an expanded collaboration with Visa to integrate Visa Direct into its OwlPay payment infrastructure. This creates a card-to-wallet on-ramp so eligible U.S. debit cardholders can directly fund USDC transactions without a separate exchange account.
The capability is live in OwlPay Harbor for enterprise partners and is accessible to consumers through OwlPay Wallet Pro, enabling USDC spending, transfers, and cross-border remittances through channels such as Visa debit pushes, local bank accounts via the Circle Payment Network, and MoneyGram cash pickup. OwlTing plans to add the on-ramp to its OwlPay Cash remittance app and anticipates that Visa Direct-supported flows may contribute to incremental transaction-based revenue, supported by a regulatory footprint across 41 U.S. states.
OBOOK Holdings Inc. has closed its previously disclosed senior secured convertible note financing with Lind Global Asset Management XV LLC. The company issued a Senior Secured Convertible Promissory Note with a principal amount of $11,500,000 due October 6, 2027, convertible into Class A Common Shares at an initial conversion price of $9.00 per share, subject to adjustment.
The investor also received a Class A Common Share purchase warrant to buy up to 850,340 Class A Common Shares at an exercise price of $7.82 per share, expiring April 6, 2031. The note and warrant are secured by a first priority security interest over the company’s assets and guaranteed by certain subsidiaries, and include detailed repayment, conversion, prepayment, default and anti‑dilution provisions favoring the investor.
OBOOK Holdings Inc. (OwlTing Group) has secured a US$10 million zero-interest convertible financing with potential access to up to US$50 million in total funding from Lind Global Asset Management XV LLC. The company will issue a senior secured convertible promissory note with a US$11.5 million face value, maturing in 18 months and initially convertible into Class A common shares at US$9.00 per share, alongside warrants to purchase up to 850,340 shares at US$7.82 per share. After the earlier of 120 days from issuance or effectiveness of a resale registration statement, the investor may convert up to US$821,429 per month at a discount formula tied to recent trading prices, though the company can instead repay those amounts in cash with a 5% premium and also holds a one-time right to repurchase the full outstanding principal at a 5% premium. The note is senior and secured by substantially all assets of the company and certain subsidiaries, and the company must file and obtain effectiveness of a resale registration statement within set deadlines while also benefiting from a 120-day moratorium on common stock conversions after initial funding.