OFA Group announces initial closing of up to $50M financing

OFA Group (OFAL) announced the initial closing of a private investment in public equity financing of up to $50M. The PIPE is led by Greentree Financial Group, Inc. and TriCore Foundation, LLC with R.F. Lafferty & Co. acting as the exclusive placement agent. The participation of TriCore, an investment entity established and funded by the Company’s founders, including Chief Executive Officer Larry Wong and Chief Technology Officer Keith Chong, demonstrates strong alignment between the Company’s leadership and its shareholders. By investing alongside institutional partners on identical terms, the founders have reaffirmed their commitment to the Company’s strategic vision and growth trajectory. Under the Securities Purchase Agreement, investors, upon approval from the Company’s stockholders, shall purchase a newly created Series A Convertible Preferred Shares across multiple tranches. The proceeds from the PIPE financing will be used to fund ongoing operations, expand OFA Group’s suite of proprietary AI tools, advance the development of its Real World Asset platform through its subsidiary Hearth Labs, and complete existing architectural and technology projects across North America and Asia.