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# This Property App Had Quintillions of Authorized Shares — Until Today
- URL: https://www.pennystocks.news/omh-this-property-app-had-quintillions-of-authorized-shares/
- Published: 2026-08-21T18:00:45.000Z
- Updated: 2026-08-21T18:00:45.000Z
- Description: Shareholders approved a consolidation of Ohmyhome's share count on August 20. Even after the reduction, the authorization still runs to hundreds of quadrillions.
- Author: PennyStocksNews Team
- Tags: nasdaq, ticker-omh

The authorized share count was measured in quintillions. On Wednesday, shareholders voted to bring it down.

Ohmyhome Limited NASDAQ: OMH 

Ohmyhome held an extraordinary general meeting in Singapore on August 20 and **approved a fifty-for-one share consolidation**. Before the vote, the company was authorized to issue **9 quintillion Class A ordinary shares and 1 quintillion Class B ordinary shares**, each at a par value of a tenth of a millionth of a cent. The consolidation reduces those figures to **180 quadrillion Class A shares and 20 quadrillion Class B shares**.

For a holder, fifty shares became one. The par value of each consolidated share rises fifty-fold to match. What does not shrink is the gap between what the company is authorized to issue and what it actually has out there — roughly 22 million shares outstanding. Every new share issued from that authorization would make existing ones a smaller slice of the same company.

**Shares closed 25.91% higher at $0.1040**, on dollar volume of about $38 million across 221,154 trades.

Short volume on the session was **14,564,116 shares, or 55.2% of reported volume**. The filing gives no indication of how many of the authorized hundreds of quadrillions the company intends to use.