The family sought to take the company private via a voluntary unconditional cash offer of 16 cents per share in May 2025. The offer price represents a premium of around 41.59% over Ossia’s last traded price of 11.3 cents on May 9. The company called for a trading halt on May 13.
The controlling Goh brothers of Ossia International have extended the closing date of their offer to take the company private from July 9 to August 1, after receiving only 87.32% of valid acceptances of the offer on July 8.
The Goh brothers sought to take the company private in June 2024 for 14.5 cents per share, but received 85.92% in valid acceptances at the close of the offer. The company would have been privatised had the joint offerors received acceptances exceeding 90% of the total number of shares in Ossia.
