Ohmyhome Taps Maxim Group for $4.8M Share Offering
Ticker: OMH · Form: 6-K · Filed: Feb 16, 2024 · CIK: 1944902
| Field | Detail |
|---|---|
| Company | Ohmyhome Ltd (OMH) |
| Form Type | 6-K |
| Filed Date | Feb 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $4.8 million, $0.001, $1.35 |
| Sentiment | neutral |
Sentiment: neutral
Topics: capital-raise, share-offering, placement-agent, debt
TL;DR
**Ohmyhome just hired Maxim Group to raise $4.8 million by selling shares!**
AI Summary
Ohmyhome Limited, a Cayman Islands company, entered into a Placement Agency Agreement with Maxim Group LLC on February 13, 2024. Maxim Group LLC will act as the exclusive placement agent for an offering of $4.8 million in ordinary shares, with a par value of $0.001 per share. This agreement is on a best efforts basis.
Why It Matters
This agreement signals Ohmyhome's intent to raise capital, which could impact its financial stability and future growth prospects.
Risk Assessment
Risk Level: medium — The offering is on a 'best efforts' basis, meaning there's no guarantee the full $4.8 million will be raised, introducing uncertainty.
Key Numbers
- $4.8M — Share Offering (Amount Ohmyhome aims to raise through ordinary shares)
- $0.001 — Par Value (Par value per ordinary share being offered)
Key Players & Entities
- Ohmyhome Limited (company) — registrant and issuer of shares
- Maxim Group LLC (company) — exclusive placement agent
- $4.8 million (dollar_amount) — value of ordinary shares offering
- February 13, 2024 (date) — date of Placement Agency Agreement
- $0.001 (dollar_amount) — par value per ordinary share
FAQ
What is the purpose of the 6-K filing by Ohmyhome Limited?
The 6-K filing by Ohmyhome Limited is to report the entry into a material definitive agreement, specifically a placement agency agreement with Maxim Group LLC, on February 13, 2024.
Who is the exclusive placement agent for Ohmyhome Limited's offering?
Maxim Group LLC has been appointed as the exclusive placement agent for Ohmyhome Limited's offering, as stated in the Placement Agency Agreement dated February 13, 2024.
What is the total value of the ordinary shares offering mentioned in the filing?
The offering is for $4.8 million of ordinary shares, as detailed in the filing regarding the Placement Agency Agreement.
What is the par value of the ordinary shares being offered by Ohmyhome Limited?
The ordinary shares being offered by Ohmyhome Limited have a par value of $0.001 per share.
On what basis will Maxim Group LLC act as the placement agent?
Maxim Group LLC will act as the placement agent on a 'best efforts basis' in connection with the offering, as specified in the Placement Agency Agreement.
Filing Stats: 821 words · 3 min read · ~3 pages · Grade level 12.8 · Accepted 2024-02-16 17:00:36
Key Financial Figures
- $4.8 million — basis in connection with an offering of $4.8 million of ordinary shares, par value $0.001 pe
- $0.001 — 8 million of ordinary shares, par value $0.001 per share (the “Ordinary Shares&r
- $1.35 — o;Ordinary Shares”) at a price of $1.35 per Ordinary Share (the “Offering
Filing Documents
- form6-k.htm (6-K) — 29KB
- ex10-1.htm (EX-10.1) — 123KB
- ex10-2.htm (EX-10.2) — 38KB
- ex99-1.htm (EX-99.1) — 13KB
- ex99-2.htm (EX-99.2) — 12KB
- ex99-1_001.jpg (GRAPHIC) — 7KB
- ex99-2_001.jpg (GRAPHIC) — 12KB
- 0001493152-24-007037.txt ( ) — 242KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 16, 2024 Ohmyhome Limited By: /s/ Rhonda Wong Name: Rhonda Wong Title: Director and Chief Executive Officer 4