# OBOOK Shares Fall 29.6% to $2.80 in Thursday’s Nasdaq Trading

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/38968
Published: 2026-10-23T12:41:12.000Z
Updated: 2026-10-23T12:41:12.000Z
Section: Investing

> A fund managed by The Lind Partners can convert up to $821,429 in face value each month under variable-price terms. OBOOK’s Aug. 21 results showed a wider first-half net loss.

OBOOK Holdings shares fell 29.6% to $2.80 on Oct. 22, putting the Nasdaq-listed parent of Taiwan payments company OwlTing below $3 as trading volume reached about 60,000 shares. The stock had closed at $3.98 the previous session and fell as low as $2.77 during Thursday’s trading. From an Oct. 13 close of $5.30, the shares lost about 47% over seven trading sessions.

A Form 4 filed Oct. 21 listed founder and CEO 王俊凱’s purchase of 12,192 Class A shares on Oct. 19 at a weighted average price of $4.2681.

In April, OBOOK entered a financing agreement with a fund managed by The Lind Partners. The fund received an 18-month convertible note with an $11.5 million face value, no interest and a 15% issue discount. The agreement sets a fixed conversion price of $9 and allows monthly conversions of up to $821,429 in face value after the resale registration takes effect or 120 days after funding, whichever comes first. The agreement also allows variable-price conversions using VWAPs from the 10 trading days before conversion, applies a 92.5% factor and sets volume limits. A lower share price can mean the same face amount converts into more shares.

After giving notice, OBOOK can pay cash plus a 5% premium instead of issuing shares. It also has a one-time option to repurchase the remaining face amount at a 5% premium. A June resale prospectus registered 12,350,340 shares, including up to 11.5 million conversion shares and 850,340 warrant shares. The agreement allows the parties to consider up to $40 million in additional investment by mutual agreement.

OBOOK’s Aug. 21 first-half report showed revenue of $3.87 million, compared with $3.84 million a year earlier. Its net loss widened to $18.82 million from $3.91 million. The company attributed the increase to noncash share-based compensation, higher financing costs related to convertible debt and a foreign-exchange gain in the year-earlier period that did not recur.