DealsOct 7, 2026, 05:06 PM
Ohmyhome Ltd Signs $40M Standby Equity Purchase Agreement
AI Summary
Ohmyhome Limited has entered into a standby equity purchase agreement with an institutional investor, allowing the company to sell up to $40 million of its Class A ordinary shares over a 24-month period. The agreement includes an initial issuance of 200,000 shares to the investor and sets a purchase price based on market conditions, with a floor price of $0.10. Univest Securities, LLC has been appointed as the exclusive placement agent for this transaction.
Key Highlights
- Ohmyhome Ltd entered into a standby equity purchase agreement with an institutional investor for up to $40 million of Class A ordinary shares.
- The company will issue 200,000 Class A ordinary shares to the investor at the closing of the first Advance Notice.
- Sales will commence after satisfaction of conditions, including SEC filing of a Prospectus Supplement.
- The purchase price will be the lower of $1.26 or 50% of the lowest closing price over 180 days, with a floor price of $0.10.
- Univest Securities, LLC appointed as exclusive placement agent, entitled to a 5% cash fee and expense reimbursement.
- The company granted the placement agent a right of first refusal for investment banking services for 12 months.
Price Impact
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