Summary by Moomoo AI
Giri Devanur has filed a Schedule 13G with the United States Securities and Exchange Commission (SEC) on February 12, 2024, indicating a significant ownership stake in reAlpha Tech Corp. According to the filing, Devanur beneficially owns 27,637,410 shares of reAlpha Tech's common stock, which represents 62.64% of the company's total shares outstanding as of December 29, 2023. The shares are reported to have sole voting and dispositive power, with no shared power in either category. The filing, made under Rule 13d-1(d), is a standard requirement for anyone who acquires more than 5% of a company's stock and is not intended to change or influence the control of the issuer. reAlpha Tech Corp., headquartered in Dublin, Ohio, has its principal executive offices located at 6515 Longshore Loop, Suite 100.