OFA Group announced a financing agreement for up to \(50,000,000 stated value in new Series A Convertible Preferred Shares, structured via a Securities Purchase Agreement effective October 29, 2025. The initial closing involved \)1.5 million stated value purchased for $1.35 million cash, reflecting a 10% original issue discount.
A critical condition for the financing is obtaining shareholder approval to amend the Articles of Association to authorize the new shares, targeted by November 10, 2025. The transaction received independent Audit Committee approval, and key investors include Greentree F
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