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OHMYHOME Executes Reverse Split Amidst Financial Struggles

By ATTN Desk · Editorial oversight: Sean Han

OHMYHOME LIMITED (OMH) Overview

OHMYHOME LIMITED (Ticker: OMH; Exchange: NASDAQ) is a Singapore‐based property technology (“PropTech”) company founded in 2016. The firm operates a platform that includes brokerage services, home renovation and furnishing, mortgage and insurance referrals, legal services, and condominium property management. Since launch, OHMYHOME has transacted over 15,500 properties and manages approximately 9,300 units.


Corporate Structure and Workforce

  • Headquarters: Singapore
  • Founders & Leadership: Wan Chew Wong (Co-CEO), Wong Wan Pei
  • Employee Count: 51–200 (LinkedIn estimate)
  • Geographic Presence: Singapore, Malaysia, Philippines
  • Capital Markets Listing: NASDAQ Capital Market since March 2023 (US$15.1 million IPO)

Recent Developments and News

  1. 1-for-10 Reverse Stock Split

    • Effective Date: March 10, 2025
    • Purpose: Restore compliance with NASDAQ’s US$1.00 minimum bid price requirement
    • Post-split shares outstanding: Approximately 2.4 million (from approximately 24 million)
    • New CUSIP: G6S38M115
  2. Registered Direct Offering

    • Agreement Date: May 19, 2025
    • Closing Date: On or about May 21, 2025
    • Shares Issued: Up to 4,040,000 ordinary shares
    • Price per Share: US$0.45
    • Shelf Registration Limit: US$1.91 million under Form F-3
  3. Extraordinary General Meeting (EGM) Announcement

    • Filing Date: June 4, 2025 (Form 6-K)
    • Meeting Date: June 23, 2025
    • Record Date: May 22, 2025

Financial and Strategic Analysis

MetricValue
Stock Price (June 10, 2025)US$1.57
Daily Change-34.85 %
Volume355,401 shares
52-Week RangeUS$0.25 – US$4.33
Market Cap (Intraday)US$10.30 million
Avg. Volume (TTM)3,201,941 shares
Price/Sales (TTM)0.68
Price/Book (MRQ)2.95
Profit Margin (TTM)-39.83 %
Return on Equity (TTM)-84.69 %
Total Cash (MRQ)US$1.15 million
Total Debt/Equity (MRQ)12.30 %
  • Profitability: Net income reported as US$4.34 million loss (TTM) and diluted EPS of -US$1.47 (TTM).
  • Liquidity & Leverage: US$1.15 million cash against debt (12.3 % D/E).
  • Capital Raising: Direct share offering at US$0.45 aims to enhance liquidity and support operations.
  • Listing Compliance: Reverse split is intended to meet listing standards and maintain market visibility.

Market Position and Industry Context

  • Sector: PropTech – digital facilitation of property transactions and related services.
  • Competitive Edge:
    • Integrated service suite from listing to renovation and management.
    • High customer satisfaction (average rating of 4.9/5 based on over 8,000 reviews).
  • Trading Characteristics:
    • 1-year price change: -75.63 %
    • 1-month change: -15.73 %
    • 1-week change: +21.11 %
  • Analyst Outlook:
    • Yahoo Finance 1-year target: US$17.50
    • No consensus P/E due to negative earnings.

tl;dr

  • On June 10, 2025, OHMYHOME shares closed at US$1.57, down 34.85 % on heavy trading (355,401 shares).
  • The company executed a 1-for-10 reverse split on March 10, 2025, to meet NASDAQ’s US$1.00 minimum bid requirement.
  • A registered direct offering closed around May 21, 2025, issuing up to 4.04 million shares at US$0.45 to accredited investors.
  • An EGM is scheduled for June 23, 2025 (record date May 22) to vote on governance matters.
  • Financials show negative profitability (profit margin -39.83 %, ROE -84.69 %) and limited cash (US$1.15 million), supporting capital raises and compliance actions.

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