OFA Group lowered the minimum conversion price from $2.00 to $0.20 per ordinary share, allowing more shares when preferred shares convert. L&H paid $270,000, but that payment may be refunded if the changes do not take effect by November 30, 2026.
More shares from conversions could leave current owners with smaller pieces of OFA Group. The total financing facility did not grow. L&H paid cash, but the payment may be returned if the changes do not take effect, so the larger possible share count matters more.
Follow OFA Group (OFAL) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for OFAL