OwlTing Group announces 12-month lock-up extension

OwlTing Group, the operating brand of OBOOK Holdings (OWLS), announced that SBI Holdings 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.