OFA Group announced a private investment in public equity (PIPE) that will raise up to $50 million in newly issued Series A Convertible Preferred Shares. The transaction is led by Greentree Financial Group, Inc. and TriCore Foundation, LLC, with R.F. Lafferty & Co. acting as placement agent. The deal is structured in multiple tranches and is subject to shareholder approval, a condition that the company has already secured through a prior board resolution.
The proceeds will be deployed across several strategic priorities. First, they will fund ongoing operations and accelerate the expansion of the company’s proprietary AI tool suite, which includes the PlanAid platform for building‑code compliance and a generative‑design engine for architectural documentation. Second, the capital will advance the Real‑World Asset (RWA) platform through the subsidiary Hearth Labs, a project that aims to tokenize real‑estate equity and mortgage‑backed assets using blockchain and AI. Finally, the financing will support the completion of existing architectural and technology projects in North America and Asia, reinforcing OFA’s global footprint.
OFA’s financial profile underscores the urgency of the raise. The company reported a negative earnings‑per‑share of $0.08 and a market capitalization of roughly $13.7 million at the time of the announcement. Over the past year, its stock had fallen nearly 79 percent, reflecting investor concern over the firm’s lack of profitability and negative shareholder equity. The company’s debt‑to‑equity ratio is high, and it has previously raised $100 million in an equity facility and $15 million in an IPO, both of which were aimed at building the same AI and RWA capabilities.
CEO Larry Wong said the PIPE “represents an important milestone in OFA’s evolution, enabling us to continue building AI‑powered tools and RWA platforms that connect architecture, finance, and data intelligence in a unified ecosystem.” He added that the participation of TriCore, an investment vehicle funded by OFA’s founders, signals strong founder confidence in the company’s technology portfolio and execution plan.
The financing is a critical step for OFA to strengthen its balance sheet and provide the resources needed to execute its long‑term strategy. By securing additional capital, the company can accelerate the deployment of its AI suite, scale the RWA platform, and complete key projects that will expand its market reach. The move also demonstrates that the founders are willing to invest personally in the company’s future, a signal that may reassure investors about the firm’s commitment to growth despite current profitability challenges.
The PIPE is still pending final shareholder approval, but the company has already secured the necessary board endorsement. Once closed, the $50 million raise will represent a significant infusion relative to OFA’s market cap and will help the company navigate the next phase of its technology‑driven transformation.
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