Ohmyhome (OMH) Registration Filing summary

Company overview and business model

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

• Platform supports both HDB and private property markets, facilitating over 4,400 agent brokerage transactions and 7,200 self-transacted online property transactions, with an aggregate GTV of over $2.5 billion as of July 31, 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 partner banks and law firms, and annual fees from insurance partners.

Financial performance and metrics

• Completed an IPO in March 2023, raising approximately $11.2 million in gross proceeds, and a follow-on offering in February 2024, raising $4.8 million in gross proceeds.

• As of the date of the prospectus, 23,944,952 Ordinary Shares were issued and outstanding.

• The company’s independent 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 will be used to fund development and commercialization of projects, business growth, working capital, and general corporate purposes.

• May allocate a portion to acquire or invest in technologies, products, or businesses, though no current commitments exist.

• Management has broad discretion over capital allocation.