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OFA Group (Nasdaq: OFAL) has signed a non-binding Letter of Intent (LOI) to acquire a 60% controlling stake in Aspire Homes Realty and RateDNA from AlphaX. The acquisition targets two complementary businesses: Aspire Homes, a real estate brokerage with investment-focused training and in-house services, and RateDNA, a specialty mortgage platform offering DSCR and non-QM loans.
The strategic acquisition aims to expand OFA's footprint in real estate services and specialty lending verticals. RateDNA's proprietary SFR Analytics platform and Aspire's comprehensive service offering are expected to create cross-platform synergies and enhance shareholder value.
OFA Group (Nasdaq: OFAL), a newly public architecture and technology firm, has unveiled its dual-strategy business model focused on AI platform development and real estate expansion. Following its IPO completion on May 22, 2025, the company is advancing two key AI platforms: PlanAId, a compliance automation system for building codes, and an AI-powered documentation generator for mechanical, electrical, plumbing, and structural documentation.
Additionally, OFA is strategically entering the senior assisted living real estate sector, leveraging its architectural expertise to capitalize on demographic trends. The company's integrated approach aims to reduce project timelines, lower costs, and drive operational efficiency through AI-enabled solutions.
OFA Group (NASDAQ: OFAL), an architectural design firm, has successfully completed its Initial Public Offering (IPO) of 3,750,000 ordinary shares at $4.00 per share, raising total gross proceeds of $15 million. The company's shares began trading on the Nasdaq Capital Market on May 21, 2025, under the ticker symbol "OFAL".
The underwriter, R.F. Lafferty & Co., has been granted an option to purchase up to an additional 562,500 shares at the IPO price within 45 days. OFA plans to use the proceeds for developing architectural AI services, enhancing service capacity through in-house teams, and general working capital, including establishing a U.S. subsidiary and expanding marketing efforts.
OFA Group (NASDAQ: OFAL), an architectural design firm, has announced the pricing of its initial public offering (IPO) of 3,750,000 ordinary shares at $4.00 per share, raising total gross proceeds of $15 million. Trading is set to begin on the Nasdaq Capital Market on May 21, 2025 under the symbol \"OFAL\".
The underwriter, R.F. Lafferty & Co., has been granted an option to purchase up to 562,500 additional shares. The company plans to use the proceeds for developing architectural AI services, enhancing service capacity through in-house teams, and general working capital, including establishing a U.S. subsidiary and expanding marketing efforts.
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