Ohmyhome signs standby equity purchase agreement for up to $40 million in share sales
OMH•Ohmyhome entered an agreement with an institutional investor for up to $40 million in purchases of its Class A ordinary shares over 24 months. The terms include a $5 million prepaid credit and a 5% placement-agent fee.
1. Agreement terms
Ohmyhome can draw between $200,000 and $3 million per trading day, subject to a 9.99% beneficial ownership cap and a $0.10 minimum share price. Pricing is the lower of $1.26 or 50% of the lowest Nasdaq closing price over the prior 180 trading days, with a $0.10 floor. The investor must provide a $5 million prepaid credit within five trading days; any unused balance will be settled through share issuance or cash repayment at expiration or termination. Univest Securities will act as exclusive placement agent and receive a 5% cash fee on gross proceeds.
