NEW YORK, July 24, 2026, 12:14 EDT—Ohmyhome NASDAQ:OMH shares rallied sharply, drawing focus to the company’s recently implemented 9-for-1 warrant dilution.
- Nasdaq’s standard trading day continued, with the market set to close at 4 p.m. EDT.
- Ohmyhome shares rose 164% to $1.12, after hitting a session high of $2.17. Trading volume totaled 139 million shares.
- An initial full warrant conversion may increase the number of Class A shares to 75.6 million.
Shares of Ohmyhome Limited jumped 164% by late morning on Friday, sending the stock above the Nasdaq’s $1 minimum price requirement. The rally was sharp, with shares reaching $2.17 before easing back to $1.12.
The surge in shares does not resolve the listing problem. Nasdaq mandates that the closing bid remain at or above $1 for ten straight business days.
The pressing concern for investors is supply. Trading volume on Friday was roughly five times the provisional post-placement total of Class A shares.
On July 17, Ohmyhome conducted a placement offering 5.33 million shares alongside 5.33 million warrants. The units, each consisting of one share and one warrant, were priced at 30 cents. Each warrant initially entitles the holder to purchase one share at 30 cents.
The terms also allow for a different cashless transaction. From day seven, every underlying warrant share may be exchanged for nine ordinary shares.
If issuance took place at the anticipated July 17 closing, Friday would mark the initial eligible day. That schedule is an early projection. The filing does not indicate that any exchange has been completed.
The figures below are based on the $1.12 market price and $251,594 in projected ongoing revenue for 2025. The total does not include 841,540 Class B shares.
| Capital structure scenario | Class A shares | Change vs pre-placement | Implied Class A value | Value / 2025 pro forma revenue |
|---|---|---|---|---|
| As reported prior to placement | 22.26 million | — | $24.9 million | 99 times |
| After placement, initial | 27.59 million | +24% | $30.9 million | 123 times |
| Assuming full preliminary 9-for-1 exchange | 75.59 million | +240% | $84.7 million | 337 times |
An additional alternative listing could result in the issuance of 48.0 million more Class A shares, which would increase the pre-placement total by more than three times. At $1.12 per share, this indicates an implied Class A valuation close to $84.7 million.
The former property platform is no longer the source of revenue. In June, Ohmyhome revealed it had sold its real estate holding company for $1. The listed company has withdrawn from brokerage and property services, shifting its main focus to digital marketing.
The 2025 pro forma ongoing operations reported revenue of $251,594, with gross profit at $30,191. The operating loss totaled $1.70 million.
Rhonda Wong, CEO of the now-private property firm, assured clients of ongoing services. “Nothing changes in terms of who we are, what we do, or how we serve our clients.” LinkedIn
The offering was anticipated to generate around $1.6 million prior to expenses. Ohmyhome stated the proceeds would be used for working capital and general corporate purposes.
A finish above $1 on Friday could initiate a potential compliance recovery. The company faces a deadline of January 11, 2027, to restore compliance with Nasdaq.
Risks: The shares continue to show significant volatility. Warrant conversions may substantially increase share supply, and the ongoing operations are still unprofitable. A single close below $1 would end the required ten-day qualifying period.
The next key data will be Friday’s closing bid and any disclosure on warrant exercises. Currently, the trading price is outpacing the underlying business updates.
