$3.500
-0.272 (-7.77%)At close
OMH News
OMH Events
Ohmyhome Ltd Trading Halted, News Pending
Ohmyhome Ltd trading halted, news pending
Ohmyhome Issues 20M Shares at $0.20 Each
Ohmyhome announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 20M Class A Ordinary Shares at an offering price of 20c per share in a registered direct offering. The gross proceeds to the company from the registered direct offering are estimated to be approximately $4M before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about July 28, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.
Ohmyhome Receives Warning Letter from Nasdaq
Ohmyhome announced that the company received a notification letter from Nasdaq notifying the company that based on the closing bid price of the company for the period from May 28 to July 10, the company no longer meets the continued listing requirement on the Nasdaq under Nasdaq Listing Rules 5550, to maintain a minimum bid price of $1 per share.
Ohmyhome reports FY24 EPS (S$0.18) vs (S$0.30) last year
Reports FY24 revenue S$10.9M vs S$5M last year
Ohmyhome announces effective data of 1-for-10 reverse stock split
Ohmyhome has resolved to effect a reverse stock split of the Company's ordinary shares, with the split ratio set at 1-for-10. The reverse stock split was approved by the Company's shareholders at a special meeting held on January 24, 2025. Ohmyhome ordinary shares will begin trading on an adjusted basis, reflecting the reverse stock split, on March 10, 2025, under the existing ticker symbol "OMH." The new CUSIP number for the Company's ordinary shares will be G6S38M115. Upon the effectiveness of the reverse stock split, every ten shares of the Company's issued and outstanding ordinary shares as of the effective date will automatically be combined into one ordinary share. This adjustment will reduce the total number of outstanding ordinary shares of Ohmyhome from approximately 24M to approximately 2.4M. In conjunction with the reverse stock split, the Company also amended its Memorandum of Association to proportionately reduce the number of authorized shares for issuance and to adjust the par value of the post-reverse stock split ordinary shares to $0.01 per share. The reverse stock split is part of the Company's efforts to bring its stock into compliance with the minimum bid price requirement for maintaining the listing of its ordinary shares on the Nasdaq Capital Market. Nasdaq requires listed companies to maintain a minimum bid price of at least $1.00 per share to remain in compliance with its listing standards.
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