OFA Group subsidiary acquires 50% co-ownership in QIKBIM IP for $17.5M, gains sole control

OFA Group

Aggregate purchase price $17.5M, with $11.99M in historical payments credited; $2.998M final installment and $2.506M supplemental consideration due by Dec 31, 2026.
Buyer receives sole and final authority over all operational, technical, strategic, and commercial matters relating to QIKBIM IP and business.
Seller consent rights limited to four narrow fundamental matters; Buyer holds an irrevocable call option to acquire seller's retained interest on trigger events.
Net monetization proceeds split 50/50 after Buyer recovers certain funded development amounts; Buyer controls invoicing, collection, and accounting.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OFA Group entered into Intellectual Property Assignment and Co-Ownership Agreement with Alan To AI Consultancy Co. Limited valued at $17,500,000 (effective 2026-03-31).

Action: entry
Agreement: asset purchase
Counterparty: Alan To AI Consultancy Co. Limited
Value: $17,500,000
Effective: 2026-03-31

Exact text from the filing

On March 31, 2026, Office for Fine Architecture Limited, a subsidiary of the Registrant (the “Buyer”), entered into an Intellectual Property Assignment and Co-Ownership Agreement (the “Agreement”) with Alan To AI Consultancy Co. Limited (the “Seller”).

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OFA Group filing history →

Source: SEC EDGAR

accession 0001493152-26-015328

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