Ohmyhome Ltd

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.

Ohmyhome Ltd has announced an Extraordinary General Meeting (EGM) to be held on August 20, 2026, to vote on a 50-for-1 share consolidation. This corporate action will significantly reduce the number of outstanding shares and increase the par value. Additionally, shareholders will consider adopting a Sixth Amended and Restated Memorandum and Articles of Association to reflect the share consolidation and other governance changes. The Board of Directors recommends approval for all proposals.

Ohmyhome Ltd announced the pricing of a registered direct offering, selling 20,000,000 Class A Ordinary Shares (or pre-funded warrants) at $0.20 per share. The offering is expected to generate gross proceeds of approximately $4 million and net proceeds of $3.63 million, which the company intends to use for general corporate purposes. Univest Securities, LLC served as the exclusive placement agent for the offering.

Ohmyhome Ltd. shareholders approved several significant proposals at the Annual General Meeting on July 21, 2026. Key approvals include a substantial increase in authorized share capital, a reduction in the par value of shares, and a sub-division of shares. Additionally, shareholders authorized a share consolidation (reverse stock split) at a ratio between 2:1 and 5,000:1, to be implemented by the board within two years. The meeting also saw the re-appointment of four directors and the ratification of the company's auditor.

Ohmyhome Ltd. announced the closing of its private placement on July 17, 2026, generating gross proceeds of approximately $1.6 million. The company intends to use these funds for working capital and general corporate purposes. The securities, including Class A Ordinary Shares and Warrants, were issued in reliance on exemptions from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation S, targeting non-U.S. purchasers.

Ohmyhome Ltd. announced it received a notification from Nasdaq on July 13, 2026, indicating non-compliance with the minimum bid price requirement. The company's Class A ordinary shares traded below $1.00 for 30 consecutive business days. Ohmyhome has a compliance period of 180 calendar days, until January 11, 2027, to regain compliance, during which its shares will continue to trade. The company is evaluating options to address the deficiency, including the possibility of a reverse stock split.

Ohmyhome Ltd. announced its Annual General Meeting on July 21, 2026, where shareholders will vote on several key corporate actions. These include a significant increase in authorized share capital, a capital reduction by decreasing the par value of shares, and a share consolidation (reverse stock split) with a wide ratio range of 2:1 to 5,000:1. The capital reduction aims to offset accumulated losses. Additionally, shareholders will vote on the re-appointment of four directors and the ratification of the company's auditor.

Ohmyhome Ltd completed the disposal of its wholly-owned subsidiary, Ohmyhome (BVI) Limited, which comprised its former property-related business, for a cash consideration of $1. This divestment represents a strategic shift for the company to focus on digital marketing services. The company provided unaudited pro forma financial statements reflecting this disposition, showing continuing losses for the remaining operations.

Ohmyhome Ltd has divested its entire real estate brokerage and property-related services business by selling its wholly-owned subsidiary, Ohmyhome BVI, for $1. This strategic move follows the company's decision to exit the underperforming real estate segment, which had declining revenues and ongoing operating losses, and focus on its digital marketing services business. Prior to the sale, Ohmyhome Ltd waived approximately $14.73 million in debt owed by Ohmyhome BVI to strengthen its financial position for the divestiture.

Ohmyhome Ltd announced the resignation of Mr. Henliyanto Ngadini as an Independent Director and Chair of the Nomination Committee, effective June 12, 2026. Concurrently, Mr. Wong Tai Kok was appointed to fill these roles, also effective June 12, 2026. Mr. Wong brings over five years of finance experience and will receive an annual compensation of US$10,000.