---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-027555"
form_type: "8-K"
ticker: "OFAL"
cik: "0002036307"
company_name: "OFA Group"
filed_at: "2026-06-05T21:34:22+00:00"
generated_at: "2026-06-08T10:05:24.436207+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# OFA Group amends waiver with Atsion; default on $1M fee may convert to up to 3M shares

## Summary
- On June 4, 2026, OFA Group entered Amendment No. 1 with Atsion Opportunity Fund LLC.
- If OFA defaults on the $1M commitment fee, unpaid balance converts to Class A shares at VWAP prior to share transfer date.
- Maximum of 3,000,000 Default Shares may be issued upon conversion.
- Issuance is exempt from registration under Section 4(a)(2) of the Securities Act.
- Amendment modifies previous conditional waivers related to PIPE closings from October 2025 and March 2026.

## SEC filing metadata
- accession: 0001493152-26-027555
- form_type: 8-K
- ticker: OFAL
- cik: 0002036307
- company_name: OFA Group
- filed_at: 2026-06-05T21:34:22+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2036307/000149315226027555/0001493152-26-027555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2036307/000149315226027555/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027555
- JSON: https://secwatch.observer/filing/0001493152-26-027555.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027555.txt

## Key facts
- Equity Issuances
  OFA Group issued 3,000,000 shares of common stock to Atsion.
  - Security: common stock
  - Shares: 3,000,000 shares
  - Purchaser: Atsion
  source text: the remaining unpaid balance of the commitment fee shall be converted into Class A ordinary shares (“Default Shares”) at a conversion price equal to volume-weighted average price of Company’s Class A ordinary shares on the day immediately prior to the Share Transfer Date (as defined in the Amendment), provided, however, that the number of Default Shares will not exceed 3,000,000 shares
  evidence_url: https://www.sec.gov/Archives/edgar/data/2036307/000149315226027555/0001493152-26-027555-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.