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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]