Singapore, March 06, 2025 — Ohmyhome Ltd. ( NASDAQ: OMH ), the comprehensive property platform offering brokerage, renovation, and condo management in Singapore, has announced a 1-for-10 reverse stock split of its ordinary shares. This decision follows shareholder approval at a special meeting on January 24, 2025. Trading of Ohmyhome Ltd shares will reflect the split on March 10, 2025, under the ticker “OMH.” The new CUSIP number is G6S38M115.
The reverse stock split will consolidate every ten existing shares into one. This will reduce the outstanding ordinary shares from approximately 24 million to about 2.4 million.
Alongside the reverse stock split, Ohmyhome amended its Memorandum of Association to proportionally decrease the number of authorized shares and adjust the par value to $0.01 per share post-split.
This action aims to meet Nasdaq’s minimum bid price requirement of $1.00 per share for continued listing on the Nasdaq Capital Market.
Outstanding warrants and options will be adjusted proportionally or according to their terms. No fractional shares will be issued; instead, entitlements will be rounded down to the nearest whole share.
Further details are available in Ohmyhome Ltd’s notice of special meeting, filed with the SEC on January 10, 2024.
About Ohmyhome
Ohmyhome is a comprehensive property platform providing brokerage, renovation, and condominium property management in Singapore. Since 2016, Ohmyhome has facilitated over 15,500 property transactions as of Sept 30, 2024, and manages approximately 9,300 units as of Oct 29, 2024. It is the highest-rated property platform, boasting over 8,000 reviews and a 4.9-star average rating.
Ohmyhome aims to deliver fast, easy, and reliable property services and to be a trusted and comprehensive property solution.
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Safe Harbor Statement
This release includes forward-looking statements based on current expectations and projections. These statements can be identified by terms like “may,” “should,” “expects,” etc. Factors such as the Company’s ability to adapt and compete may cause actual results to differ materially.
These statements are predictions, and readers should exercise caution. Actual events may differ due to risks, uncertainties, and assumptions. Ohmyhome is not obligated to update these statements.
For more information
Investor Relations: ir@ohmyhome.com
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