OTSAW Ltd filed a Form F-1 registration statement for an initial public offering on 2025-06-09. It has amended it 3 times. It asked for the registration statement to be withdrawn on 2026-09-15. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We have applied to list our Class A Ordinary Shares on the Nasdaq Stock Market LLC (or, “Nasdaq”) under the symbol “OTSA”.From the F-1/A filed 2025-07-16
Shares offered
This is the initial public offering of 4,444,445 class A ordinary shares, par value US$0.00022 per share (the “Class A Ordinary Shares”) of Otsaw Limited, a Cayman Islands exempted company (the “Company,” “we,” “us,” “our”).From the F-1/A filed 2025-07-16
Use of proceeds
We intend to use the net proceeds from this offering for (i) acquisition, strategic alliance and joint ventures, (ii) expansion of production capacity and inventory in relation to TransCar 5.0 and Camello + , (iii) market expansion in the United States, United Kingdom, Europe, Asia and Australia, (iv) research and development in relation to TransCar 5.0 and Camello + , (v) working capital and (vi) repayment of loans.From the F-1/A filed 2025-07-16
Revenue
For the fiscal years ended April 30, 2024, and 2023, we reported revenues of US$5.3 million and US$5.1 million, respectively, and net losses of US$6.5 million and US$6.7 million, respectively.From the F-1/A filed 2025-07-16
Net loss or income
For the fiscal years ended April 30, 2024, and 2023, we reported revenues of US$5.3 million and US$5.1 million, respectively, and net losses of US$6.5 million and US$6.7 million, respectively.From the F-1/A filed 2025-07-16
Withdrawal
Pursuant to Rule 477 under the Securities Act of 1933 (the “Act”), Otsaw Limited (the “Company”) respectfully requests the immediate withdrawal of its Registration Statement on Form F-1 (File No. 333-287887) initially filed with the United States Securities and Exchange Commission (the “Commission”) on June 9, 2025, together with all exhibits, and amendments thereto (the “Registration Statement”), with such application to be approved effective as of the date hereof or at the earliest practicable date thereafter.From the RW filed 2026-09-15
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2025-06-09 | Registration statement filed (foreign issuer) | F-1 |
| 2025-07-07 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-07-16 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-07-25 | Registration statement amended (foreign issuer) | F-1/A |
| 2026-09-15 | Request to withdraw a registration (Form F-1) | RW |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.