OFA Group Files to Sell 35M Class A Ordinary Shares
OFA Group files to sell 35M Class A ordinary shares for holders
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- Successful Platform Testing: OFA Group's next-generation intelligent building platform QikBIM has successfully completed application testing, passing all internal requirements, and is set to officially launch on January 15, 2026, laying a foundation for long-term revenue growth.
- Driving Technological Innovation: As a cloud-based intelligent building platform, QikBIM is designed to support the full lifecycle of architectural and real estate assets through high-precision data modeling and AI, enhancing asset transparency and financial functionality, thereby increasing market competitiveness.
- RWA Platform Progressing Smoothly: The testing of OFA Group's Real-World Asset (RWA) platform is also progressing well, with an official launch scheduled for January 26, 2026, marking a significant milestone in the company's strategy for compliant, data-driven digital representation of real estate assets.
- Global Market Expansion: OFA Group's Founder and CEO Larry Wong stated that the formal launch of QikBIM and the RWA platform will establish a solid foundation for core operations and revenue generation across the U.S., Europe, and Japan, supporting a global technology-driven operating model.
- Testing Phase Initiation: OFA Group's wholly owned subsidiary Hearth Labs has entered the beta testing phase of its real-world asset (RWA) launchpad platform, marking a significant milestone in the company's digital asset and blockchain infrastructure strategy, which is expected to enhance its market competitiveness.
- Functionality Validation: The testing focuses on validating the core functionalities of the Hearth Labs launchpad, including the smart contract deployment layer and asset onboarding workflows, ensuring the platform's operational capability and security controls for future commercial launches.
- Comprehensive Rollout Plan: Following the completion of testing, OFA Group plans to fully roll out the Hearth Labs launchpad and expects to release a detailed white paper and project overview within 30-45 days, further clarifying the technical architecture and compliance framework.
- Strategic Implications: The Hearth Labs launchpad is designed to provide a compliant entry point for real-world assets into blockchain ecosystems, and OFA Group believes this approach will create a scalable foundation for expanding its real-world asset strategy over time, driving future growth.
- Testing Phase Initiation: OFA Group's wholly owned subsidiary, Hearth Labs, has entered the beta testing phase of its real-world asset (RWA) launchpad platform, marking a significant milestone in the company's digital asset and blockchain infrastructure strategy.
- Functionality Validation: The testing focuses on validating the core functionalities of the Hearth Labs launchpad, including the smart contract deployment layer and asset onboarding workflows, ensuring the platform's performance and security controls.
- Future Plans: Following the completion of testing, OFA Group plans to fully roll out the Hearth Labs launchpad platform and expects to release a comprehensive white paper and project overview within 30-45 days, further detailing the technical architecture and compliance framework.
- Strategic Implications: The Hearth Labs launchpad is designed to provide a compliant entry point for real-world assets into blockchain ecosystems, and OFA Group believes this approach will create a scalable foundation for expanding its real-world asset strategy over time.
- Compliance Notification: OFA Group received a notification from Nasdaq on December 11, 2025, indicating non-compliance due to its ordinary shares trading below $1 for 30 consecutive business days, which could adversely affect the company's financing capabilities and market confidence.
- Compliance Period: The company has a 180-day compliance period until June 9, 2026, to restore its share price above $1; failure to do so may lead to an additional 180-day grace period, increasing future uncertainties.
- Stock Redesignation: As of December 17, 2025, OFA's ordinary shares have been redesignated as Class A ordinary shares and continue trading on Nasdaq, indicating the company's structural adjustments to address market challenges.
- Business Context: OFA Group, through its wholly owned subsidiary, provides architectural services and aims to leverage AI technologies to enhance design efficiency, but a declining stock price may hinder its investment in technology and market expansion plans.

Nasdaq Notification: OFA Group received a notification from Nasdaq for failing to meet the $1 minimum bid price requirement after its shares traded below this threshold for 30 consecutive business days.
Compliance Deadline: The company has until June 9, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days, with a potential additional 180-day grace period if necessary.
Class A Shares: OFA Group's ordinary shares were redesignated as Class A ordinary shares and began trading under the ticker OFAL on December 17, 2025.
Potential Actions: If compliance is not achieved, OFA Group may consider a reverse stock split as part of its strategy to meet Nasdaq requirements.

- Strong Shareholder Support: At the Extraordinary General Meeting on November 24, 2025, OFA Group's shareholders approved all proposals, reflecting continued confidence in the company's long-term strategic vision and growth initiatives.
- Capital Structure Optimization: The approved measures include an increase in authorized share capital, re-designation of share classes, and issuance of Class B Ordinary Shares, aimed at enhancing the company's financial flexibility and supporting future expansion.
- Digital Asset Strategy: Shareholders also approved the establishment of a Digital Asset Treasury and Series A Convertible Preferred Share Financing, further advancing OFA's core focus on AI-powered design systems and digital asset infrastructure.
- Foundation for Growth Strategy: Management noted that the successful outcome of the EGM marks a significant milestone, providing a strong foundation for executing growth strategies in rapidly evolving technology and digital asset markets, indicating potential for long-term value creation.







