Ohmyhome Limited (NasdaqCM:OMH) entered into a Share Purchase Agreement to acquire Simply Sakal Pte. Ltd. from Simply Real Estate Partners Pte. Ltd, Narendra Patel and Chong Jia Gen, Kenneth for SGD 4.71 million on October 6, 2023. The purchase price is structured as SGD 1.71 million in cash and SGD 3 million in the form of newly issued shares. The issuance of the shares will occur in four tranches, (i) the completion tranche on the completion date of the SPA, (ii) the first tranche on the first anniversary of the completion date of the SPA, (iii) the second tranche on the second anniversary of the completion date of the SPA and (iv) the third tranche on the third anniversary of the completion date of the SPA. The closing of the transaction is conditioned upon completion of due diligence reviews of Simply and any required regulatory approvals. Transaction is expected to be accretive to Ohmyhome?s revenue growth and earnings in 2024, the first full year after its close, and lead to a positive EBITDA in 2025 upon the realization of the synergies.

Ohmyhome Limited (NasdaqCM:OMH) completed the acquisition of Simply Sakal Pte. Ltd. from Simply Real Estate Partners Pte. Ltd, Narendra Patel and Chong Jia Gen, Kenneth on October 6, 2023.