CORRECTION: Ohmyhome Prices Upsized $4.8M Public Offering Of 3,555,555 Ordinary Shares At $1.35/ Share
Portfolio Pulse from Benzinga Newsdesk
Ohmyhome Ltd. (NASDAQ:OMH), a property technology platform, announced the pricing of its upsized public offering of 3,555,555 ordinary shares at $1.35 per share, expecting gross proceeds of approximately $4.8 million. The offering, managed by Maxim Group LLC as the sole placement agent, is set to close on February 16, 2024, subject to customary closing conditions.
February 14, 2024 | 1:41 pm
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Ohmyhome Ltd. announces an upsized public offering of 3,555,555 shares at $1.35 each, expecting to raise $4.8 million.
Public offerings can have mixed impacts on a company's stock price. While they can dilute existing shares, the raised capital can also fund growth. The impact on OMH's stock will depend on investor perception of the company's growth prospects and use of proceeds.
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