Ohmyhome (OMH) Registration Filing summary

Company overview and business model

• Operates as a Cayman Islands holding company with subsidiaries in Singapore and Malaysia, providing a data and technology-driven property platform for end-to-end real estate solutions, including brokerage, renovation, mortgage, legal, and insurance services.

• Platform supports both HDB and private property markets, offering self-serve and agent-assisted transactions, and has facilitated over 4,400 agent brokerage and 7,200 self-transacted online property deals with aggregate GTV over $2.5 billion as of July 2022.

• As of December 31, 2023, the platform had around 200,000 monthly active users, over 745,000 app downloads, and more than 18,000 active property listings monthly.

• Revenue streams include direct customer payments, fixed fees from partners (banks, law firms, insurance), and commissions from renovation and home services.

Financial performance and metrics

• Raised $11.2 million gross in its March 2023 IPO and $4.8 million gross in a February 2024 public offering.

• Financial statements for 2021, 2022, and 2023 are incorporated by reference; the company’s auditor expressed substantial doubt about its ability to continue as a going concern, highlighting the need for additional funding.

Use of proceeds and capital allocation

• Net proceeds from securities sales are intended for business development, commercialization, working capital, general corporate purposes, and potential acquisitions or investments in technologies, products, or businesses.

• Management has broad discretion over allocation of proceeds; no specific commitments to acquisitions as of the filing date.