Ohmyhome Sets 50-for-1 Reverse Split Vote for August 20 to Regain Nasdaq Compliance

summarizeSummary

Ohmyhome has called a shareholder meeting for August 20 to approve a 50-for-1 reverse stock split, aiming to lift its share price above $1.00 and regain Nasdaq compliance. The specific ratio narrows the previously authorized broad range and is accompanied by governance amendments.

check_boxKey Events · Corporate Governance and Compliance · OMH

• 50-for-1 Reverse Split Proposed

  Shareholders will vote on August 20 to consolidate every 50 existing shares into one, with a new par value of $0.000005. At the current price of $0.0855, the post-split price would notionally be $4.275, exceeding the $1.00 Nasdaq minimum.

• Nasdaq Compliance Deadline Looms

  The company received a deficiency notice on July 16, 2026, for failing to meet the $1.00 bid price. It has until January 12, 2027, to regain compliance. The reverse split is the primary mechanism to achieve this.

• Governance Amendments Included

  The meeting also seeks approval for a Sixth Amended and Restated Memorandum and Articles of Association, which removes the prohibition on written resolutions, allows ordinary resolutions by written consent, and modifies Class B share transfer rules to affiliates.

• Authorized Share Capital Remains Vast

  Post-consolidation, authorized share capital remains US$1,000,000,000,000 divided into 180 quadrillion Class A and 20 quadrillion Class B shares, preserving enormous headroom for future dilution despite the reverse split.

auto_awesomeAnalysis · OMH · Real Estate & Construction

Ohmyhome is moving forward with a 50-for-1 reverse stock split, scheduling a shareholder vote on August 20. This is the specific ratio chosen from the previously approved range of up to 5,000-for-1. At a current share price of $0.0855, a 50-for-1 consolidation would notionally lift the price to $4.275, well above the $1.00 Nasdaq minimum bid requirement. The company received a deficiency notice in July and has until January 2027 to regain compliance. The filing also includes governance changes allowing written resolutions and modifying Class B share transfer rules. The reverse split is a critical step to avoid delisting, but it does not address the underlying business challenges or the massive authorized share count that remains post-consolidation.