Nasdaq-Listed Ohmyhome Shareholders Approve 50-to-1 Share Consolidation as Firm Faces Delisting
SINGAPORE BUSINESS & PROPERTY NEWS
Nasdaq-Listed Ohmyhome Shareholders Approve 50-to-1 Share Consolidation as Firm Faces Delisting
Business & PropTech Update • 26 August 2026
Shareholders of Singapore-founded, Nasdaq-listed Ohmyhome have approved a 50-to-1 share consolidation as the company seeks to address Nasdaq’s minimum bid-price requirement and avoid delisting.
What Is Happening at Ohmyhome?
Ohmyhome shareholders approved the share consolidation at an extraordinary general meeting held on 20 August 2026.
Under the approved consolidation, every 50 existing Class A shares will be consolidated into one Class A share. The same 50-to-1 consolidation will apply to its Class B ordinary shares.
The move follows a notification from Nasdaq that the company no longer met the exchange’s minimum bid-price requirement of US$1 per share.
Key Numbers
50 existing shares into 1 share
US$1 per share
US$0.095
Approximately US$4.15 based on the cited pre-consolidation price
Approximately US$3.63 million in net proceeds
Why Is the Company Consolidating Its Shares?
A share consolidation, sometimes referred to as a reverse stock split, reduces the number of shares in circulation while proportionately increasing the price per share.
For example, if an investor owns 5,000 shares before a 50-to-1 consolidation, the investor would generally hold 100 shares after the consolidation, subject to the company’s treatment of fractional shares.
The exercise does not, by itself, create additional underlying business value. Instead, it changes the number of shares and the corresponding theoretical price of each share.
From Singapore Property Brokerage to Nasdaq
Founded by sisters Rhonda Wong and Race Wong, Ohmyhome began primarily as a real estate brokerage business serving Singapore and Malaysia.
The company subsequently expanded its technology and property-related services before listing on Nasdaq in 2023.
Since its initial public offering, however, the company’s shares have fallen significantly from their original IPO price.
Ohmyhome Sold Its Real Estate Business
In June 2026, Ohmyhome sold its real estate business, structured under subsidiary Ohmyhome (BVI), to Sterling Oat for US$1. The company now operates as a digital marketing services provider.
Company Raised Fresh Capital
The consolidation comes shortly after Ohmyhome completed a registered direct offering that raised approximately US$3.63 million in net proceeds.
According to the report, the offering included Class A ordinary shares and pre-funded warrants, with the proceeds intended for general corporate purposes.
What Does a Share Consolidation Mean for Investors?
A share consolidation can help a listed company increase its quoted share price and potentially regain compliance with an exchange’s listing requirements.
However, investors should distinguish between a higher price per share resulting from consolidation and an actual improvement in the company’s underlying financial performance.
The long-term value of a company will still depend on factors such as revenue, profitability, cash flow, debt, business strategy and its ability to generate sustainable growth.
Key Business Takeaway
Ohmyhome’s experience highlights how quickly a property and technology business can evolve after entering the public markets.
For business owners considering expansion, fundraising or an eventual listing, sustainable cash flow, profitability and a strong underlying business model remain critical regardless of the company’s valuation or share price.
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Source: The Business Times, 26 August 2026.
This is an independent summary for general business and market information. It does not constitute financial, investment, property or legal advice.
