Ohmyhome Ltd (OMH) Form 6-K — Jul 21, 2026
Ohmyhome shareholders approved a drastic capital restructuring at the Annual General Meeting, authorizing an increase in authorized share capital to $1 trillion and a reduction of par value to $0.0000001. The company stated that the credit arising from the capital reduction will be applied towards offsetting its accumulated losses, signaling significant financial distress and a need to clean up the balance sheet. Additionally, the board was granted authority to implement a share consolidation, or reverse split, at a ratio between 2:1 and 5,000:1 at any time over the next two years.
Key figures
- Par value old usd
- 0.01
- Class a shares issued
- 22259591
- Class b shares issued
- 841540
- Reverse split ratio max
- 5000
- Reverse split ratio min
- 2
- Authorization period years
- 2
- Authorized capital new usd
- 1000000000000
- Authorized capital old usd
- 7500000000
AI analysis
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