Summary by Moomoo AI
reAlpha Tech Corp. has entered into an At-Market Sales Agreement with A.G.P./Alliance Global Partners on December 19, 2024, enabling the company to offer and sell common stock with an aggregate offering price of up to $4.75 million. The placement shares will be issued under the company's effective S-3 shelf registration statement, with a minimum floor price of $5.00 per share.The company will pay A.G.P. a 3.0% cash commission on aggregate gross proceeds from sales, plus reimbursement for specified expenses including an initial $40,000 and up to $5,000 per calendar quarter for due diligence reviews. The proceeds will be used for working capital, general corporate purposes, potential debt repayment, acquisitions, capital expenditures, and cryptocurrency investments.The agreement will terminate upon the earliest of its 36-month anniversary, the sale of all placement shares, or mutual termination with 5 days' notice. The offering is being conducted as an "at the market offering" under Rule 415(a)(4) of the Securities Act.
