OBOOK Holdings Inc. filed a Form 6-K with the SEC on November 9, 2026, disclosing a Securities Purchase Agreement dated November 6, 2026, with Lind Global Asset Management XV LLC for a second secured convertible note financing generating aggregate gross proceeds of US$5,000,000.

Key Highlights

  • Gross proceeds: US$5,000,000, with a Senior Secured Convertible Promissory Note carrying a principal amount of US$5,750,000, reflecting a 15% original issue discount.
  • Warrant issued: A Class A Common Share Purchase Warrant to purchase up to 1,084,128 Class A Common Shares at an exercise price of US$3.07 per share, exercisable for 60 months from issuance.
  • Note conversion price: US$3.57 per share, with the note maturing 18 months from issuance, bearing no interest.
  • Monthly repayment option: Beginning March 2027, the Investor may convert up to US$410,714 per month at 92.5% of the average of the two lowest daily volume-weighted average prices during the 10 prior trading days.
  • April 2026 financing amended: The exercise price of the warrant from the April 2026 financing was reduced from US$7.82 to US$3.07 per share, and the April note's conversion price was reset from US$9.00 to US$6.90 per share.
  • Security and guaranty: The note is secured by substantially all assets of the company and certain subsidiaries, with certain subsidiaries jointly and severally guaranteeing the company's obligations.

OBOOK Holdings' Second Lind Financing: Convertible Note and Warrant Terms

According to the filing, OBOOK Holdings Inc. (NASDAQ:OWLS) entered into a Securities Purchase Agreement on November 6, 2026, with Lind Global Asset Management XV LLC, representing the company's second financing with this investor. The first transaction was a US$10,000,000 financing under a Securities Purchase Agreement dated April 2, 2026. The company disclosed that closing of the second tranche was expected to occur on or around November 9, 2026, subject to satisfaction or waiver of conditions in the Purchase Agreement, and that net proceeds will be used for working capital purposes.

The Senior Secured Convertible Promissory Note carries a principal of US$5,750,000 at a 15% original issue discount, matures 18 months from issuance, and bears no interest, according to the filing. The company disclosed that it may elect to satisfy any monthly repayment in cash at a 5% premium instead of issuing shares, and retains a one-time right to repurchase the outstanding principal at a 5% premium. The note is described in the filing as "a senior secured obligation of the Company, secured by substantially all assets of the Company and certain of its subsidiaries, subject to certain exceptions."

In connection with the second tranche, the company and investor also amended terms from the April 2026 financing, the filing disclosed. The warrant issued in that earlier transaction, covering 850,340 Class A Common Shares, had its exercise price reduced from US$7.82 to US$3.07 per share. The amended and restated April note had its conversion price reset from US$9.00 to US$6.90 per share. The company is required, according to the filing, to file a registration statement with the SEC for resale of shares issuable upon conversion and warrant exercise no later than 60 days after the Purchase Agreement date, with effectiveness targeted within 120 days of closing.

What Was Disclosed

OBOOK Holdings Inc. disclosed the entry into a second secured convertible note financing with Lind Global Asset Management XV LLC for US$5,000,000 in gross proceeds, along with warrant issuance and amendments to terms of the company's April 2026 financing with the same investor.