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STOCK TITAN

[6-K] OFA Group Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

Codexis, Inc. (CDXS) Form 4: 10% owner Opaleye Management Inc. reported an open-market purchase of 100,000 common shares on 07/18/2025 at $2.82 per share (â‰� $282k). After the transaction, Opaleye now indirectly controls 12,450,000 shares through Opaleye L.P. and 250,000 shares through a separately managed account, totaling â‰� 12.7 million shares. No derivative positions were disclosed. Opaleye disclaims beneficial ownership beyond its pecuniary interest. As a Schedule 13D filer and 10% holder, continued accumulation can signal confidence and tighten the public float, although the added position represents <1 % of its existing stake.

Codexis, Inc. (CDXS) Modulo 4: Il detentore del 10% Opaleye Management Inc. ha segnalato un acquisto sul mercato aperto di 100.000 azioni ordinarie il 18/07/2025 a $2,82 per azione (circa $282.000). Dopo l'operazione, Opaleye controlla indirettamente 12.450.000 azioni tramite Opaleye L.P. e 250.000 azioni tramite un conto gestito separatamente, per un totale di circa 12,7 milioni di azioni. Non sono state dichiarate posizioni in derivati. Opaleye nega la titolarità effettiva oltre al suo interesse pecuniario. Essendo un presentatore Schedule 13D e detentore del 10%, un accumulo continuo può indicare fiducia e ridurre il flottante pubblico, anche se la posizione aggiunta rappresenta meno dell'1% del suo attuale patrimonio.

Codexis, Inc. (CDXS) Formulario 4: El propietario del 10% Opaleye Management Inc. reportó una compra en mercado abierto de 100,000 acciones comunes el 18/07/2025 a $2.82 por acción (aproximadamente $282k). Tras la transacción, Opaleye controla indirectamente 12,450,000 acciones a través de Opaleye L.P. y 250,000 acciones mediante una cuenta gestionada por separado, sumando un total de aproximadamente 12.7 millones de acciones. No se divulgaron posiciones en derivados. Opaleye niega la propiedad beneficiaria más allá de su interés pecuniario. Como presentador Schedule 13D y poseedor del 10%, la acumulación continua puede indicar confianza y reducir el flotante público, aunque la posición añadida representa menos del 1% de su participación existente.

Codexis, Inc. (CDXS) Form 4: 10% ì†Œìœ ì£¼ì¸ Opaleye Management Inc.ê°€ 2025ë…� 7ì›� 18ì¼ì— 주당 $2.82ì—� 보통ì£� 100,000주를 시장 ë‚� 매수했다ê³� 보고했습니다(ì•� $282,000). 거래 í›� OpaleyeëŠ� Opaleye L.P.ë¥� 통해 ê°„ì ‘ì ìœ¼ë¡� 12,450,000주를, 별ë„ë¡� 관리ë˜ëŠ� 계정ì� 통해 250,000주를 보유하여 ì´� ì•� 1,270ë§� ì£�ë¥� 보유하게 ë˜ì—ˆìŠµë‹ˆë‹�. 파ìƒìƒí’ˆ í¬ì§€ì…˜ì€ 공개ë˜ì§€ 않았습니ë‹�. OpaleyeëŠ� 금전ì � ì´ìµ ì™¸ì— ì‹¤ì§ˆì � ì†Œìœ ê¶Œì„ ë¶€ì¸í•©ë‹ˆë‹¤. Schedule 13D ì‹ ê³ ìžì´ìž� 10% 보유ìžë¡œì„� ì§€ì†ì ì� 매수ëŠ� 신뢰ë¥� 나타내고 공개 ì£¼ì‹ ìˆ˜ë¥¼ ì¤„ì¼ ìˆ� 있으ë‚�, ì´ë²ˆ 추가 매수ëŠ� 기존 ì§€ë¶„ì˜ 1% 미만ì—� 해당합니ë‹�.

Codexis, Inc. (CDXS) Formulaire 4 : Le détenteur de 10 % Opaleye Management Inc. a déclaré un achat sur le marché libre de 100 000 actions ordinaires le 18/07/2025 au prix de 2,82 $ par action (environ 282 000 $). Après la transaction, Opaleye contrôle indirectement 12 450 000 actions via Opaleye L.P. et 250 000 actions via un compte géré séparément, soit un total d'environ 12,7 millions d'actions. Aucune position dérivée n'a été divulguée. Opaleye décline toute propriété bénéficiaire au-delà de son intérêt pécuniaire. En tant que déposant Schedule 13D et détenteur de 10 %, une accumulation continue peut indiquer une confiance et réduire le flottant public, bien que la position ajoutée représente moins de 1 % de sa participation actuelle.

Codexis, Inc. (CDXS) Formular 4: Der 10%-Eigentümer Opaleye Management Inc. meldete am 18.07.2025 einen Offenmarkt-Kauf von 100.000 Stammaktien zum Preis von $2,82 pro Aktie (ca. $282.000). Nach der Transaktion kontrolliert Opaleye nun indirekt 12.450.000 Aktien über Opaleye L.P. und 250.000 Aktien über ein separat verwaltetes Konto, insgesamt etwa 12,7 Millionen Aktien. Es wurden keine Derivatpositionen offengelegt. Opaleye weist eine wirtschaftliche Eigentümerschaft über sein finanzielles Interesse hinaus zurück. Als Schedule 13D-Melder und 10%-Inhaber kann eine fortgesetzte Ansammlung Vertrauen signalisieren und den Streubesitz verringern, obwohl die hinzugefügte Position weniger als 1% seines bestehenden Anteils ausmacht.

Positive
  • Insider accumulation: A 10% owner added 100,000 shares in the open market, often viewed as a vote of confidence.
  • Stake increase: Total indirect holdings rise to â‰� 12.7 million shares, tightening float and aligning insider with shareholder value.
Negative
  • Scale of purchase is small: The 100k-share buy raises the position by less than 1 %, so informational impact may be limited.

Insights

TL;DR: 10% owner bought 100k CDXS shares at $2.82, nudging stake to 12.7 M; small addition but positive insider signal.

Opaleye’s purchase increases its indirect ownership by roughly 0.8 %, bringing its total to about 12.7 million shares. While the dollar value is modest relative to its holding, insider buying—especially by a large shareholder—tends to be interpreted favorably because the investor is committing fresh capital at prevailing market prices. No dispositions or derivative exercises were reported, indicating a straightforward cash purchase. The filing is impactful mainly as a sentiment indicator; it does not alter Codexis’s fundamentals or capital structure but may support near-term share demand and investor confidence.

Codexis, Inc. (CDXS) Modulo 4: Il detentore del 10% Opaleye Management Inc. ha segnalato un acquisto sul mercato aperto di 100.000 azioni ordinarie il 18/07/2025 a $2,82 per azione (circa $282.000). Dopo l'operazione, Opaleye controlla indirettamente 12.450.000 azioni tramite Opaleye L.P. e 250.000 azioni tramite un conto gestito separatamente, per un totale di circa 12,7 milioni di azioni. Non sono state dichiarate posizioni in derivati. Opaleye nega la titolarità effettiva oltre al suo interesse pecuniario. Essendo un presentatore Schedule 13D e detentore del 10%, un accumulo continuo può indicare fiducia e ridurre il flottante pubblico, anche se la posizione aggiunta rappresenta meno dell'1% del suo attuale patrimonio.

Codexis, Inc. (CDXS) Formulario 4: El propietario del 10% Opaleye Management Inc. reportó una compra en mercado abierto de 100,000 acciones comunes el 18/07/2025 a $2.82 por acción (aproximadamente $282k). Tras la transacción, Opaleye controla indirectamente 12,450,000 acciones a través de Opaleye L.P. y 250,000 acciones mediante una cuenta gestionada por separado, sumando un total de aproximadamente 12.7 millones de acciones. No se divulgaron posiciones en derivados. Opaleye niega la propiedad beneficiaria más allá de su interés pecuniario. Como presentador Schedule 13D y poseedor del 10%, la acumulación continua puede indicar confianza y reducir el flotante público, aunque la posición añadida representa menos del 1% de su participación existente.

Codexis, Inc. (CDXS) Form 4: 10% ì†Œìœ ì£¼ì¸ Opaleye Management Inc.ê°€ 2025ë…� 7ì›� 18ì¼ì— 주당 $2.82ì—� 보통ì£� 100,000주를 시장 ë‚� 매수했다ê³� 보고했습니다(ì•� $282,000). 거래 í›� OpaleyeëŠ� Opaleye L.P.ë¥� 통해 ê°„ì ‘ì ìœ¼ë¡� 12,450,000주를, 별ë„ë¡� 관리ë˜ëŠ� 계정ì� 통해 250,000주를 보유하여 ì´� ì•� 1,270ë§� ì£�ë¥� 보유하게 ë˜ì—ˆìŠµë‹ˆë‹�. 파ìƒìƒí’ˆ í¬ì§€ì…˜ì€ 공개ë˜ì§€ 않았습니ë‹�. OpaleyeëŠ� 금전ì � ì´ìµ ì™¸ì— ì‹¤ì§ˆì � ì†Œìœ ê¶Œì„ ë¶€ì¸í•©ë‹ˆë‹¤. Schedule 13D ì‹ ê³ ìžì´ìž� 10% 보유ìžë¡œì„� ì§€ì†ì ì� 매수ëŠ� 신뢰ë¥� 나타내고 공개 ì£¼ì‹ ìˆ˜ë¥¼ ì¤„ì¼ ìˆ� 있으ë‚�, ì´ë²ˆ 추가 매수ëŠ� 기존 ì§€ë¶„ì˜ 1% 미만ì—� 해당합니ë‹�.

Codexis, Inc. (CDXS) Formulaire 4 : Le détenteur de 10 % Opaleye Management Inc. a déclaré un achat sur le marché libre de 100 000 actions ordinaires le 18/07/2025 au prix de 2,82 $ par action (environ 282 000 $). Après la transaction, Opaleye contrôle indirectement 12 450 000 actions via Opaleye L.P. et 250 000 actions via un compte géré séparément, soit un total d'environ 12,7 millions d'actions. Aucune position dérivée n'a été divulguée. Opaleye décline toute propriété bénéficiaire au-delà de son intérêt pécuniaire. En tant que déposant Schedule 13D et détenteur de 10 %, une accumulation continue peut indiquer une confiance et réduire le flottant public, bien que la position ajoutée représente moins de 1 % de sa participation actuelle.

Codexis, Inc. (CDXS) Formular 4: Der 10%-Eigentümer Opaleye Management Inc. meldete am 18.07.2025 einen Offenmarkt-Kauf von 100.000 Stammaktien zum Preis von $2,82 pro Aktie (ca. $282.000). Nach der Transaktion kontrolliert Opaleye nun indirekt 12.450.000 Aktien über Opaleye L.P. und 250.000 Aktien über ein separat verwaltetes Konto, insgesamt etwa 12,7 Millionen Aktien. Es wurden keine Derivatpositionen offengelegt. Opaleye weist eine wirtschaftliche Eigentümerschaft über sein finanzielles Interesse hinaus zurück. Als Schedule 13D-Melder und 10%-Inhaber kann eine fortgesetzte Ansammlung Vertrauen signalisieren und den Streubesitz verringern, obwohl die hinzugefügte Position weniger als 1% seines bestehenden Anteils ausmacht.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2025

 

Commission File Number: 001-42592

 

OFA GROUP

(Translation of registrant’s name into English)

 

Unit B, 16/F, Easy Tower, 609 Tai Nan West Street,

Cheung Sha Wan, Hong Kong

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

Equity Line of Credit

 

On July 14, 2025, OFA Group (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Atsion Opportunity Fund LLC – Series 1 (“Atsion”) pursuant to which the Company has the right, but not the obligation, to sell up to $100,000,000 (which may be increased to $200,000,000, upon mutual agreement by the Company and Atsion) of the Company’s ordinary shares, par value $0.001 per share (the “Ordinary Shares”), to Atsion, subject to the terms and conditions set forth therein (the “Equity Facility”). In furtherance of the Equity Facility, the Company and Atsion also entered into a related registration rights agreement (the “RRA”) pursuant to which the Company has agreed to register for resale on a registration statement on Form F-1 the Ordinary Shares issuable to Atsion pursuant to the Equity Facility (such registration statement, the “Resale Registration Statement”).

 

The Company may begin selling Ordinary Shares to Atsion under the Equity Facility beginning on the effective date of the Resale Registration Statement and may continue to sell such Ordinary Shares until the 36 month anniversary of the effectiveness of the Resale Registration Statement. If the Company elects to sell Ordinary Shares to Atsion under the Equity Facility, the Company may require Atsion to purchase, on any given trading day, a maximum of $100,000 of Ordinary Shares, subject to increases up to $250,000 and $500,000 of Ordinary Shares, subject to certain stock price and volume requirements as described in the Purchase Agreement (each such purchase, a “Regular Purchase”). If the Company sells the maximum number of shares permitted in a Regular Purchase on a trading day, the Company may sell additional shares to Atsion subject to certain additional stock price and volume considerations.

 

The purchase price that Atsion is required to pay per Ordinary Share is equal to the lower of: (i) 95% of the TWAP (as such term is defined in the Purchase Agreement) of the Ordinary Shares on the Purchase Date from the time of purchase submission to and including market closing on such date, or (ii) 96% of the lowest single day VWAP (as such term is defined in the Purchase Agreement) for the four consecutive business days ending on the purchase date. Notwithstanding the foregoing, under no circumstances is the Company permitted to deliver a purchase notice to Atsion if the Ordinary Shares are trading below $1 per share.

 

The Company has agreed to use 80% of the net proceeds from the Equity Facility toward the purchase of cryptocurrency assets in connection with the Company’s cryptocurrency treasure strategy. The initial crypto assets will only consist of Bitcoin (BTC), Solana (SOL) and SUI, but may consist of other crypto assets at the sole discretion of the Company. The Company will use the remaining 20% of the net proceeds from the Equity Facility for general corporate purposes and working capital at the sole discretion of the Company.

 

In consideration for entering into the Purchase Agreement, the Company has agreed to issue Atsion 250,000 Ordinary Shares (the “Commitment Shares”). If the aggregate value of the Commitment Shares, as determined pursuant to the Purchase Agreement, is less than $1,000,000, then the Company has agreed to pay Atsion the difference in cash. The Company has also agreed to reimburse Atsion for certain expenses.

 

Concurrently with the Purchase Agreement, the Company and Atsion entered into the RRA pursuant to which the Company has agreed to file the Resale Registration Statement within 30 days following the execution of the Purchase Agreement and has agreed to have the Resale Registration Statement declared effective within 45 days of execution of the Purchase Agreement, subject to an extension if the Securities and Exchange Commission determines to review the Resale Registration Statement.

 

In connection with the Equity Facility, the Company engaged R.F. Lafferty & Co., Inc. and IB Capital LLC, an affiliate of I-Bankers Securities Inc. (collectively, the “Agents”), to act as placement agents. The Company has agreed to pay the Agents an upfront fee of $500,000 in cash or in Ordinary Shares at the Company’s discretion and has also agreed to pay the Agents a fee of 1.25% of the gross proceeds of sales pursuant to the Equity Facility.

 

The foregoing descriptions of each of the Purchase Agreement and RRA do not purport to be complete and in each case is subject to, and qualified in its entirety by, the full text of the Purchase Agreement and the RRA, copies of which are filed as Exhibit 99.1 and 99.2, respectively, to this Report of Foreign Private Issuer on Form 6-K and in each case which is incorporated herein by reference.

 

On July 15, 2025, the Company also issued a press release related to the Equity Facility and to the appointment of Bitwise Asset Management, Inc. to steward the deployment and management of proceeds from the Equity Facility to develop and implement institutional-grade cryptocurrency treasury strategies. A copy of the press release is attached as Exhibit 99.3.

 

EXHIBIT INDEX

 

Exhibit Number   Description
99.1   Purchase Agreement, between OFA Group and Atsion Opportunity Fund LLC – Series 1, dated July 14, 2025
99.2   Registration Rights Agreement, between OFA Group and Atsion Opportunity Fund LLC – Series 1, dated July 14, 2025
99.3   Press Release

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  OFA Group
   
  By: /s/ Li Hsien Wong
  Name: Li Hsien Wong
  Title: Chief Executive Officer

 

Date: July 22, 2025

 

 

 

 

 

FAQ

How many Codexis (CDXS) shares did Opaleye buy?

The Form 4 shows an open-market purchase of 100,000 shares.

What price did the insider pay for CDXS shares?

Opaleye bought the shares at $2.82 per share on 07/18/2025.

What is Opaleye’s total ownership in Codexis after the transaction?

Opaleye now indirectly controls 12,450,000 shares via its fund plus 250,000 shares in a managed account—≈ 12.7 million total.

Were any derivative securities involved in this Form 4 filing?

No. The filing lists no derivative acquisitions or dispositions.

Why is Opaleye listed as a 10% owner of Codexis?

Its aggregate holdings exceed 10 % of outstanding CDXS shares, triggering the Section 16 designation.
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