- OFA Group (OFAL, Financial) increases IPO proceeds to $17.25 million with full over-allotment exercise.
- R.F. Lafferty & Co. purchases additional 562,500 shares at $4.00 each.
- Total shares sold in IPO reach 4,312,500, strengthening financial position.
The OFA Group (OFAL), an integrated architecture and technology firm, has concluded the full exercise and closing of the underwriter's over-allotment option in connection with its initial public offering (IPO). The underwriter, R.F. Lafferty & Co., bought an additional 562,500 ordinary shares at the offering price of $4.00 per share.
This additional purchase has increased the total number of shares to 4,312,500, raising the gross proceeds to $17.25 million before underwriting expenses. The U.S. Securities and Exchange Commission (SEC) declared the registration statement effective as of May 15, 2025, while the additional shares' issuance was finalized on June 5, 2025.
By fully exercising the over-allotment option, the strong market demand for OFA Group's stock is evident. Despite being a relatively modest-sized IPO for a NASDAQ listing, the additional capital from this exercise bolsters the company's financial standing, positioning it for future opportunities and expansions.
The IPO was conducted through a prospectus available from R.F. Lafferty & Co. and the SEC's website, ensuring compliance and transparency with interested investors. OFA Group now looks forward to leveraging these proceeds to further its mission as a leader at the intersection of architecture and technology.
