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reAlpha Tech | 424B3: Prospectus

SEC announcement ·  Feb 8 17:02
Summary by Moomoo AI
reAlpha Tech Corp. (reAlpha Tech), a company listed on The Nasdaq Stock Market under the ticker symbol AIRE, has filed a prospectus supplement on February 8, 2024, to update and supplement information contained in a previous prospectus dated November 21, 2023. The supplement relates to the offering of 1,600,000 units, each consisting of one share of common stock and one and a half common warrants, at a public offering price of $5.00 per unit. The company's common stock closed at $1.37 on the filing date. The supplement also includes the company's current report on Form 8-K, filed with the U.S. Securities and Exchange Commission. reAlpha Tech is a controlled company under Nasdaq listing rules, with CEO and chairman Giri Devanur owning approximately 62.64% of outstanding...Show More
reAlpha Tech Corp. (reAlpha Tech), a company listed on The Nasdaq Stock Market under the ticker symbol AIRE, has filed a prospectus supplement on February 8, 2024, to update and supplement information contained in a previous prospectus dated November 21, 2023. The supplement relates to the offering of 1,600,000 units, each consisting of one share of common stock and one and a half common warrants, at a public offering price of $5.00 per unit. The company's common stock closed at $1.37 on the filing date. The supplement also includes the company's current report on Form 8-K, filed with the U.S. Securities and Exchange Commission. reAlpha Tech is a controlled company under Nasdaq listing rules, with CEO and chairman Giri Devanur owning approximately 62.64% of outstanding common stock. The company has also entered into an amended and restated stock purchase agreement to acquire Naamche, Inc. Pvt. Ltd., with the closing of the acquisitions subject to regulatory approval from the Department of Industries of Nepal. The agreement includes a post-closing covenant for reAlpha Tech to purchase additional shares of Nepal Naamche's common stock within a year following the closing date.

This announcement is a separate document:

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