0001493152-26-011640
SEC filingOFA Group, a Cayman Islands holding company, operates through its wholly-owned Hong Kong subsidiary, Office for Fine Architecture Limited, providing architectural design, fit-out, project management, and application services primarily for commercial and residential properties in Hong Kong. Founded in 2013, the company leverages AI tools like Houzz for design visualization and is developing proprietary AI software for building code compliance and automated drawings via a $14.99 million co-development agreement. Financials show revenue of $634,222 for the six months ended September 30, 2025 (up 405% YoY from $125,591), but a net loss of $3.43 million due to $3.64 million in operating expenses, including $1.52 million in professional services and $982,000 in salaries. As of September 30, 2025, assets totaled $16.94 million, including $15.10 million in intangible AI software assets, with $505,786 cash and $4.44 million liabilities. This F-1/A registers up to 35 million Class A Ordinary Shares (246% of outstanding shares) for resale by selling shareholders upon conversion of $1.8 million (already issued) plus up to $43.38 million in additional Series A Preferred Shares under a $50 million Purchase Agreement. Proceeds fund general corporate purposes and working capital; the company will not receive proceeds from resales. OFA lists on Nasdaq (OFAL) as an emerging growth company and foreign private issuer, with three main shareholders controlling 98.68% voting power via dual-class structure. The IPO in May 2025 raised $15 million net. Investment thesis centers on AI-driven architecture innovation amid Hong Kong's construction recovery, though risks include PRC regulatory uncertainty, crypto treasury volatility, and Nasdaq compliance.