Ohmyhome Announces Closing of Upsized $4.8 Million Public Offering of Ordinary Shares
February 16 2024 - 3:45PM
Ohmyhome Ltd. (NASDAQ: OMH, “Ohmyhome”), a one-stop-shop property
technology platform providing end-to-end property solutions and
services to buy, sell, rent, and renovate homes, as well as
property management services for condominiums in Singapore, today
announced the closing of its upsized public offering of 3,555,555
ordinary shares at a public offering price of $1.35 per ordinary
share.
Gross proceeds, before deducting placement agent
fees and other offering expenses, were approximately $4.8
million.
Maxim Group LLC acted as sole placement agent in
connection with this offering.
The securities described above were offered
pursuant to a registration statement on Form F-1, as amended (File
No. 333-275987) (the “Registration Statement”), which was declared
effective by the Securities and Exchange Commission (the
"SEC") on February 13, 2024. The offering was made only by
means of a prospectus which is a part of the Registration
Statement. A final prospectus relating to the offering has been
filed with the SEC. Copies may be obtained from Maxim
Group LLC, 300 Park Avenue, 16th Floor, New York,
NY 10022, at (212) 895-3745.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
described herein, nor shall there be any sale of these securities
in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Ohmyhome
Ohmyhome is a one-stop-shop property technology
platform in Singapore that provides end-to-end property solutions
and services to buy, sell, rent, and renovate homes, as well as
property management services for condominiums in Singapore. Since
its launch in 2016, Ohmyhome has transacted over 14,500 properties,
and has over 5,800 units under management as of June 30, 2023. It
is also the highest-rated property transaction platform, with more
than 8,000 genuine reviews, and an average rating of 4.9 out of 5
stars.
Ohmyhome is dedicated to bringing speed, ease,
and reliability to property-related services and to becoming the
most trusted and comprehensive property solution for everyone.
For more information, visit:
https://ohmyhome.com/en-sg/
Safe Harbor Statement
This press release contains forward-looking
statements. In addition, from time to time, we or our
representatives may make forward-looking statements orally or in
writing. We base these forward-looking statements on our
expectations and projections about future events, which we derive
from the information currently available to us. You can identify
forward-looking statements by those that are not historical in
nature, particularly those that use terminology such as “may,”
“should,” “expects,” “anticipates,” “contemplates,” “estimates,”
“believes,” “plans,” “projected,” “predicts,” “potential,” or
“hopes” or the negative of these or similar terms. In evaluating
these forward-looking statements, you should consider various
factors, including: our ability to change the direction of the
Company; our ability to keep pace with new technology and changing
market needs; and the competitive environment of our business.
These and other factors may cause our actual results to differ
materially from any forward-looking statement.
Forward-looking statements are only predictions.
The forward-looking events discussed in this press release and
other statements made from time to time by us or our
representatives, may not occur, and actual events and results may
differ materially and are subject to risks, uncertainties, and
assumptions about us. We are not obligated to publicly update or
revise any forward-looking statement, whether as a result of
uncertainties and assumptions, the forward-looking events discussed
in this press release and other statements made from time to time
by us or our representatives might not occur.
Contactir@ohmyhome.com
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