OHMYHOME LIMITED - Form 6-K Filing

Ohmyhome Limited has entered into a standby equity purchase agreement with an institutional investor for up to $40,000,000 of Class A ordinary shares. The agreement allows Ohmyhome to sell shares to the investor from time to time over 24 months, provided the closing price of the shares is at least $0.10. The purchase price is set at 50% of the closing price on the preceding day or 50% of the lowest closing price over the prior 180 days, with a floor price of $0.10. The company has agreed to issue 200,000 Class A ordinary shares to the investor as consideration for the commitment. The agreement also includes customary representations, warranties, and closing conditions. Ohmyhome has engaged Univest Securities, LLC as a placement agent, entitling them to a 5% fee on aggregate gross proceeds and reimbursement of expenses. The company has also granted the placement agent a right of first refusal for future investment banking services.