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OFA Group Announces Initial Closing of up to $50 Million Founder-Backed Financing with Greentree Financial Group and TriCore Foundation
Globenewswire· 2025-11-05 13:00
Core Insights - OFA Group has announced the initial closing of a PIPE financing of up to $50 million, led by Greentree Financial Group and TriCore Foundation, with R.F. Lafferty & Co. as the exclusive placement agent [1][4] Company Overview - OFA Group is a global design and technology firm that integrates artificial intelligence, digital asset infrastructure, and real-world architecture, headquartered in Los Angeles with operations in Asia and North America [7] Investment Details - The PIPE financing will involve the purchase of newly created Series A Convertible Preferred Shares, pending approval from the Company's stockholders [3] - Proceeds from the financing will be allocated to fund ongoing operations, expand proprietary AI tools, develop the Real World Asset platform through Hearth Labs, and complete architectural and technology projects in North America and Asia [3][4] Strategic Importance - This financing is a key component of OFA's capital markets strategy aimed at expanding access to institutional investors and strengthening the balance sheet ahead of growth initiatives [4] - The funds will support the execution of a multi-year strategic roadmap that includes integrating advanced AI models into architectural design and developing blockchain infrastructure for tokenized real-world assets [4][5] Leadership Commitment - The participation of TriCore, established by the Company's founders, indicates strong alignment between leadership and shareholders, reaffirming their commitment to the Company's strategic vision [2]
OFAL Announces Integration and Latest Development of Its Four Collaborative Business Platforms; Company Plans Share Buyback When Appropriate and Compliant
Globenewswire· 2025-10-21 21:07
Core Insights - OFA Group is integrating its four collaborative business platforms and plans to conduct share buybacks when appropriate [1][2] - The company's share price has temporarily fallen below USD 1.00 due to broader market conditions, but management believes this does not reflect its intrinsic value [2] - OFA Group is focused on strategic acquisitions to enhance its real estate and financial services capabilities [5][6] Business Platforms - **Architectural Design and Project Management**: OFA Group offers comprehensive services from design to on-site supervision, utilizing a network of professionals and digital workflows to improve efficiency and reduce costs [4] - **Acquisitions**: The company is finalizing contracts to acquire Aspire Home and RateDNA, which will enhance its vertically integrated property ecosystem [5][6] - **AI-Driven Construction Technology**: OFA has developed the QikBIM system, which integrates various design and analysis functions, with full commercial deployment expected in Q1 2026 [7] - **Real-Estate Development**: A dedicated division focuses on acquiring and enhancing real estate assets, ensuring long-term revenue growth [8] - **Digital Asset Platform**: OFA is co-developing a Real-World Asset digital platform with BAF, aimed at tokenizing real estate assets for better market access [10][11] Financial Developments - OFA Group has secured $100 million in ELOC and $50 million in PIPE financing to accelerate growth across its platforms [9][11]
OFA Group Announces Beta Launch of “PlanAid” — A Groundbreaking AI Application for Building Code Compliance
Globenewswire· 2025-10-14 12:00
Core Insights - OFA Group is set to launch PlanAid, an AI application aimed at assisting architects and construction professionals in ensuring compliance with local building codes by the end of October 2025 [1][2] - The application utilizes advanced natural-language processing and machine-learning algorithms to provide real-time analysis of building designs, significantly reducing time spent on compliance checks [2][3] - The beta testing phase will involve selected architectural firms and construction professionals to gather feedback for refining the platform before its commercial release in early 2026 [3][4] Company Overview - OFA Group is a multidisciplinary design and development enterprise based in Los Angeles, with operations in Asia and North America, focusing on architectural excellence and sustainable innovation [5] - The company aims to integrate advanced technology into the architecture and construction sectors, enhancing precision, sustainability, and efficiency throughout the construction lifecycle [4][5]