reAlpha Tech Corp. (reAlpha), listed on the Nasdaq under the ticker symbol AIRE, filed a prospectus supplement on October 11, 2024, to update and supplement information contained in the prospectus dated June 25, 2024. The supplement includes details from the Current Report on Form 8-K filed on October 11, 2024. The update involves the offering of up to 1,997,116 shares of common stock and 1,700,884 shares underlying the warrants. The company's CEO and chairman, Giri Devanur, controls approximately 62.21% of the outstanding common stock, classifying reAlpha as a 'controlled company' under Nasdaq's listing rules. Despite this status, reAlpha has chosen not to take advantage of certain corporate governance exemptions. On October 10, 2024, William B. Miller resigned as CFO, and Rakesh Prasad was appointed as the Interim CFO while...Show More

reAlpha Tech Corp. (reAlpha), listed on the Nasdaq under the ticker symbol AIRE, filed a prospectus supplement on October 11, 2024, to update and supplement information contained in the prospectus dated June 25, 2024. The supplement includes details from the Current Report on Form 8-K filed on October 11, 2024. The update involves the offering of up to 1,997,116 shares of common stock and 1,700,884 shares underlying the warrants. The company's CEO and chairman, Giri Devanur, controls approximately 62.21% of the outstanding common stock, classifying reAlpha as a 'controlled company' under Nasdaq's listing rules. Despite this status, reAlpha has chosen not to take advantage of certain corporate governance exemptions. On October 10, 2024, William B. Miller resigned as CFO, and Rakesh Prasad was appointed as the Interim CFO while the company searches for a permanent replacement. Prasad's employment agreement was amended to increase his base salary to $150,000 per year effective October 11, 2024. The company also announced plans to hold its 2024 annual meeting of stockholders on December 13, 2024, with a record date for determining stockholders entitled to vote set for October 23, 2024. Stockholder proposals for the annual meeting must be received by October 21, 2024.