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reAlpha Tech | CORRESP: CORRESP

reAlpha Tech | CORRESP: CORRESP

reAlpha Tech | CORRESP：信函
美股sec公告 ·  05/17 22:17
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reAlpha Tech Corp., a Delaware-based company, has officially terminated negotiations to acquire United Software Group (USG) and its subsidiaries, as disclosed in their Quarterly Report filed on April 19, 2024. The initial letter of intent for the acquisition, which had a potential aggregate purchase price of up to $14 million, was signed on December 13, 2023, and publicly announced on December 18, 2023. However, following due diligence, reAlpha Tech decided against entering a definitive agreement. The termination of negotiations, which occurred on April 12, 2024, did not result in any economic or legal penalties for reAlpha Tech, including any termination fee. The company also reported incurring non-significant costs during the due diligence process. The decision to not proceed with the acquisition was based on the assessment that the transaction was not 'probable' within the meaning of certain SEC regulations. The company's management believes that including the letter of intent in the 'Subsequent Events' note of their Registration Statement would not have aided in making an informed investment decision and could have potentially misled investors.
reAlpha Tech Corp., a Delaware-based company, has officially terminated negotiations to acquire United Software Group (USG) and its subsidiaries, as disclosed in their Quarterly Report filed on April 19, 2024. The initial letter of intent for the acquisition, which had a potential aggregate purchase price of up to $14 million, was signed on December 13, 2023, and publicly announced on December 18, 2023. However, following due diligence, reAlpha Tech decided against entering a definitive agreement. The termination of negotiations, which occurred on April 12, 2024, did not result in any economic or legal penalties for reAlpha Tech, including any termination fee. The company also reported incurring non-significant costs during the due diligence process. The decision to not proceed with the acquisition was based on the assessment that the transaction was not 'probable' within the meaning of certain SEC regulations. The company's management believes that including the letter of intent in the 'Subsequent Events' note of their Registration Statement would not have aided in making an informed investment decision and could have potentially misled investors.
reAlpha Tech公司，一家总部位于特拉华州的公司，已在其于2024年4月19日提交的季度报告中正式终止了收购United Software Group（USG）及其子公司的谈判。该收购初步意向书于2023年12月13日签署，可能的总购买价格高达1400万美元，并于2023年12月18日公开宣布。然而，在进行尽职调查之后，reAlpha Tech决定不进入最终协议。谈判的终止并未对reAlpha Tech造成任何经济或法律惩罚，包括任何终止费用。该公司在尽职调查过程中还报告了非重大成本。不继续收购的决定是基于公司管理层的评估，认为根据某些SEC条例，该交易不具有“可能性”。公司管理层认为，将意向书包含在其注册声明的“后续事件”说明中，不会有助于做出明智的投资决策，反而可能会误导投资者。
reAlpha Tech公司，一家总部位于特拉华州的公司，已在其于2024年4月19日提交的季度报告中正式终止了收购United Software Group（USG）及其子公司的谈判。该收购初步意向书于2023年12月13日签署，可能的总购买价格高达1400万美元，并于2023年12月18日公开宣布。然而，在进行尽职调查之后，reAlpha Tech决定不进入最终协议。谈判的终止并未对reAlpha Tech造成任何经济或法律惩罚，包括任何终止费用。该公司在尽职调查过程中还报告了非重大成本。不继续收购的决定是基于公司管理层的评估，认为根据某些SEC条例，该交易不具有“可能性”。公司管理层认为，将意向书包含在其注册声明的“后续事件”说明中，不会有助于做出明智的投资决策，反而可能会误导投资者。
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