Nasdaq-listed Ohmyhome shareholders approve 50-to-1 share consolidation as troubled firm faces delisting

U.S. stocks were mixed, with the Nasdaq Composite down over 100 points. AT&T Inc. shares rose more than 4% after reporting Q2 fiscal 2026 results that beat expectations. AT&T said revenue was $31.56B (up 2.3% YoY) versus $31.80B expected, and adjusted EPS was 65 cents versus 59 cents. Oil and gold rose.

Ohmyhome Ltd said it sold its wholly owned real estate brokerage holding company, Ohmyhome (BVI), to Sterling Oat for US$1, in June 18 SEC filings. The sale followed declining revenue and ongoing losses; as of March 31, BVI liabilities exceeded assets by $14.77m and Ohmyhome waived $19m in debt. Ohmyhome will focus on digital marketing while property operations continue under private ownership led by Race and Rhonda Wong.

Ohmyhome said in June 18 SEC filings it sold its wholly owned real estate brokerage holding company, Ohmyhome (BVI), to Sterling Oat for US$1, based on BVI’s negative net assets. As at Mar 31, liabilities exceeded assets by S$14.77m, after Ohmyhome waived S$19m in debt. The property businesses will continue under private ownership as Ohmyhome shifts to digital marketing.

Baidu (BIDU) held an extraordinary general meeting where shareholders approved its plan to convert its secondary listing in Hong Kong to a primary listing. The company will now prepare for compliance with relevant laws and regulations as a dual-primary listed issuer on the Hong Kong Stock Exchange and Nasdaq.

Nvidia (NVDA) has partnered with six financial institutions to unlock $500B in financing for AI infrastructure, aiming to expand its market. CEO Jensen Huang claims Nvidia systems offer longer lifespans and better efficiency. Analysts expect 44% annual earnings growth, with a median target price of $300, suggesting 44% upside from current levels.

Franklin Templeton raised $1.5B via a collateralized fund obligation (CFO), offering investors exposure to private equity and continuation funds. CFOs, used by firms like Ares and Carlyle, attract risk-averse investors like insurers, providing access to private assets with downside protection. The NAIC revised guidance to ensure insurers verify the underlying dynamics of structured products.