OFA Group (OFAL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: August 14, 2025

Risk Assessment Details

Potential Dilution: 175.96% of current shares
Recent Dilution: 60.23% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
14M
Potential Supply
25M
Additional shares possible
Splits
None
Past 2 years

Summary

OFAL currently has 13.9M outstanding shares. with significant dilution risk as 24.5M authorized shares could dilute existing holders by 176.0%. The company has significantly diluted shareholders by 60.23% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Aug 14, 2025

F-1 filing: The filing relates to the resale of up to 23,000,000 ordinary shares by selling shareholders, with the company potentially receiving up to $100,000,000 from the sale of ordinary shares to Atsion under a purchase agreement.

14M 25M
Jul 31, 2025

20-F filing | 8.7M shares outstanding

8.7M 1.5M
Feb 21, 2025

F-1 filing: This is an F-1 filing for the initial public offering of ordinary shares of OFA Group. The company is offering 1,500,000 ordinary shares at an expected price of $4.50 per share. A resale prospectus is also included, which is conditioned on consummation of the initial public offering.

N/A 1.5M
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