Obook (OWLS) Registration filing summary

Company overview and business model

• Operates a blockchain technology group with payment, hospitality, and e-commerce segments, focusing on cross-border transactions and digital transformation for businesses and consumers.

• Payment services (OwlPay) offer fiat and stablecoin (USDC) solutions, including payment gateways, wallets, and API infrastructure for third parties.

• Hospitality segment provides blockchain-enabled property management systems (OwlNest), online travel agency platforms, and accommodation services.

• E-commerce platform connects Taiwanese farmers and SMEs to consumers, emphasizing transparency and traceability.

• International presence with subsidiaries in the US, Japan, Singapore, Hong Kong, Malaysia, Thailand, and Poland.

Financial performance and metrics

• 2024 revenue: $7.6 million, up 18% from 2023, driven by payment services growth post-PayNow acquisition.

• 2024 net operating loss: $8.9 million, increased from $6.8 million in 2023 due to higher operating expenses and IPO-related costs.

• Payment services contributed 53% of 2024 revenue; hospitality 37%; e-commerce 10%.

• Gross Payment Volume (GPV) for 2024: $218.6 million, up 62.5% year-over-year.

• Active payment accounts grew 9.7% to 3,901 in 2024; OwlNest subscribers increased 10.4% to 2,587.

Use of proceeds and capital allocation

• No proceeds to the company from this registration; all shares sold are by existing shareholders.

• Raised $16.6 million in equity and $2.5 million via SAFE agreements in 2025; cumulative funding since inception totals $72.8 million.

• Funds used for global expansion, product development, and regulatory licensing.