Anuncio • Feb 28
Realpha Tech Corp. Announces Chief Financial Officer Changes, Effective February 25, 2026 reAlpha Tech Corp. announced the appointment of Thomas Kutzman as Chief Financial Officer, effective February 25, 2026. Mr. Kutzman succeeds Piyush Phadke and will oversee the Company's financial operations, capital strategy, and key corporate functions such as human resources and legal, reporting directly to Chief Executive Officer Mike Logozzo. Kutzman brings more than 12 years of financial markets experience to the role. Prior to co-founding Prevu, he held investment and trading roles at SAC Capital, JPMorgan, Citi, and Jabre Capital Partners, focused on public equities and derivatives across U.S. and European markets, with experience spanning portfolio management, risk assessment, and capital allocation. He earned a Bachelor of Science in Finance and Accounting from the Leonard N. Stern School of Business at New York University. In 2015, Kutzman co-founded Prevu, a digital-first homebuying platform that operated across 12 states and Washington, D.C. Under his leadership, Prevu was named to the 2022 Inc. 5000 list of the fastest-growing private companies in America. As co-founder, he oversaw finance, accounting, and go-to-market functions, building the operational infrastructure that enabled the company's growth. Following reAlpha's acquisition of Prevu in November 2025, Kutzman served as CEO of reAlpha Realty, where he led initial integration planning across real estate, mortgage, marketing, legal, human resources, and finance. His appointment as CFO reflects the Company's confidence in his ability to apply both operational discipline and capital markets expertise to drive long-term shareholder value. Anuncio • Feb 11
reAlpha Tech Corp. Notifies Nasdaq of its Non-Compliance with Nasdaq Rule 5605(c)(2)(A) As a result of the resignation of Brian Cole, a vacancy was created on the audit committee of the Board of Directors (the Board") of reAlpha Tech Corp. (the Company"), resulting in there being two members of the Audit Committee (the Vacancy"). Nasdaq Listing Rule 5605(c)(2)(A) requires that the Company have an Audit Committee composed of three members that satisfy certain criteria for service on the committee. On February 6, 2026, the Company notified Nasdaq of its non-compliance with Nasdaq Rule 5605(c)(2)(A) as a result of the Vacancy and its intent to rely on the cure period provided to the Company by Nasdaq Rule 5605(c)(4)(B). The Company intends to appoint to the Audit Committee a third director who satisfies the criteria for service on the Audit Committee by the earliest of (i) Company’s next annual meeting of stockholders and (ii) 180 days after the effectiveness of Mr. Cole’s resignation. Anuncio • Feb 06
reAlpha Tech Corp. Launches Homebuying Hub to Coordinate the Buy-Side Transaction Journey reAlpha Tech Corp. announced the launch of the reAlpha Homebuying Hub, a live buyer-facing experience designed to coordinate the steps of the homebuying process from search through closing. The Homebuying Hub brings together key transaction activities into a single, connected flow, improving transparency around progress, responsibilities, and next steps as buyers move through the journey. The Homebuying Hub supports the homebuying journey across major stages, including home search and saved listings, tour scheduling, digital buyer agreement execution, mortgage engagement facilitated through licensed loan officers, offer preparation with agent review, and closing-related task coordination. The estimated commission rebate associated with bundle serviced usage (where permitted by law and subject to transaction terms) remains visible throughout the process, helping buyers incorporate potential savings into their decision-making. With the Homebuying Hub now live, reAlpha is giving buyers a clearer way to move from interest to ownership by bringing structure, transparency, and guidance to a process that reAlpha believes too often feels confusing and disjointed. The launch advances reAlpha's platform strategy by bringing brokerage, mortgage, and title services within a single AI-driven buyer experience that supports a simpler, smarter, and more affordable path to homeownership. Anuncio • Dec 31
Realpha Announces National Loan Officer Recruitment Program with Rsu Incentives reAlpha Tech Corp. announced that reAlpha Mortgage, its mortgage division, has launched a national Loan Officer Recruitment Program, which offers Restricted Stock Unit ("RSU") awards to loan officers who join reAlpha. The program issues RSUs pursuant to the Company's existing equity incentive plan (as amended, the "EIP") and is designed to attract experienced, high-producing residential mortgage loan officers across the United States. The program introduces a more consistent recruiting and onboarding framework and pairs performance-aligned incentives with operational support, intentionally designed to help Loan Officers spend less time navigating process and more time focused on production and borrowers. Under the program, eligible originators with verified trailing twelve-month production may qualify for RSUs in reAlpha's common stock, which vest over 4 years, are contingent on continued employment at reAlpha and subject to other conditions more fully described in the Company's EIP and the applicable award agreements. reAlpha Mortgage provides its Loan Officers with access to in-house lead sources, onboarding and product training (including specialized support for VA lending), and operational systems designed to reduce administrative friction. Loan officers also have access to reAlpha's internal AI Loan Officer Assistant, which is designed to streamline document workflows and task organization, and the Company's internal AI-powered Engagement Assistant, built to strengthen lead engagement, qualification, and follow-up so originators can focus on customer-facing activities. The program aligns with reAlpha Mortgage's broader objectives to strengthen its national infrastructure, support consistent onboarding practices, and reinforce operational readiness as the division continues to expand across its licensed markets. Anuncio • Dec 23
reAlpha Tech Corp. (NasdaqCM:AIRE) entered into definitive agreement to acquire InstaMortgage Inc. for $8.5 million. reAlpha Tech Corp. (NasdaqCM:AIRE) entered into definitive agreement to acquire InstaMortgage Inc. for $8.5 million on December 22, 2025. A cash consideration of $0.5 million will be paid by reAlpha Tech Corp. The consideration consists of common equity of reAlpha Tech Corp. having a value of $1.5 million to be issued for common equity of InstaMortgage Inc. reAlpha Tech Corp. will pay an earnout/contingent payment of $6.5 million cash. Under terms of agreement, reAlpha Tech Corp. expects to fund the cash portion of the consideration from cash on hand at the appropriate time, subject to closing. The Merger Agreement have been unanimously approved by the board of directors of reAlpha Tech Corp.
The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the first half of 2026, following the receipt of required regulatory approvals.
Christopher M. Santomassimo, Esq of OGC Solutions LLP acted as legal advisor for reAlpha Tech Corp. Anuncio • Nov 25
reAlpha Tech Corp. (NasdaqCM:AIRE) acquired Prevu, Inc. for $4.4 million. reAlpha Tech Corp. (NasdaqCM:AIRE) acquired Prevu, Inc. for $4.4 million on November 21, 2025. In consideration thereof, reAlpha Tech will pay an aggregate amount of $4.5 million, consisting of: (i) $0.75 million in cash paid on the closing date, less any applicable withholding tax payable by the participating securityholder in accordance with the terms of the merger agreement; (ii) $1.25 million in shares, or 2,501,000 shares of common stock at a price per share of $0.4998, issued on the closing date; and (iii) $2.5 million payable in four equal tranches of $0.625 million over an 18-month period following the closing date, either in cash or shares. The first additional payment is due on March 16, 2026, with subsequent payments due on August 1, 2026, December 16, 2026, and the date that is eighteen months following the closing date. Prevu will operate as a wholly-owned subsidiary of reAlpha Tech.
The board of directors of reAlpha Tech and PreVu approved the transaction.
Vstock Transfer, LLC acted as transfer agent/registrar for reAlpha Tech Corp. Goodwin Procter LLP acted as legal advisor for PreVu, Inc. OGC Solutions LLP acted as legal advisor for reAlpha Tech Corp.
reAlpha Tech Corp. (NasdaqCM:AIRE) completed the acquisition of Prevu, Inc. on November 21, 2025. Anuncio • Sep 16
reAlpha Expands Claire, Its AI -Powered Concierge, to Guide the Homebuying Journey reAlpha Tech Corp. announced that its AI assistant, Claire, has been upgraded to serve as a digital homebuying concierge. Claire now helps buyers identify where they are in their homebuying journey and guides them toward their next best step, helping create a more seamless homebuying experience. The concierge approach launches as U.S. buyers face persistent affordability challenges, including high home prices and elevated interest rates. With real estate commissions averaging 5.6% of a home's sale price2, often adding thousands of dollars to the purchase price, buyers are seeking new ways to save money and simplify the process. At the same time, buyer interest in AI tools is accelerating: a Veterans United survey found nearly 40% of prospective buyers have already turned to AI to estimate payments, evaluate property values, or preview neighborhoods. Claire is trained to build on this momentum by moving beyond simple information retrieval to provide real decision support. She delivers personalized property recommendations based on buyer preferences, answers questions and shares educational resources, schedules showings, and guides buyers through each stage of the journey--me meeting them wherever they begin on the reAlpha platform. Information gathered early in the homebuying journey is carried forward4, minimizing duplication and ensuring a streamlined, end-to-end experience from search to closing. Claire is powered by a proprietary infrastructure that integrates generative AI (GenAI), large language models (LLMs), natural language processing, and Multiple Listing Services ("MLS")-integrated real estate intelligence. By unifying structured housing data with conversational AI, Claire is trained to deliver guidance that is both contextually accurate and responsive to each buyer's unique profile. Real-time integration across property listings, mortgage products, tour availability, as well as neighborhood and school contexts, ensures that buyers receive clear, actionable next steps at every stage of their journey. The upgrade is part of reAlpha's broader strategy to create a fully integrated platform where real estate, mortgage, and title services converge seamlessly around the customer. By embedding intelligent guidance at every step, the Company aims to address industry pain points such as fragmentation, friction, and uncertainty while simultaneously improving site conversion and buyer satisfaction. Anuncio • Sep 10
reAlpha Tech Corp. Strengthens Mortgage Platform with Upgraded Internal AI Loan Officer Assistant Capabilities reAlpha Tech Corp. announced an upgrade to its internal AI Loan Officer Assistant, enhancing the Company's ability to streamline mortgage operations by automating document classification, extraction, and validation. The assistant, which could previously only reduce manual document preparation and reconciliation time at the loan processing stage, now functions as a digital co-pilot for reAlpha's mortgage professionals. This upgrade continues to shift manual work away from loan officers, enabling them to focus more on advising and supporting borrowers. The upgraded internal assistant supports automated classification of more than 75 types of borrower documents, spanning income, identification, property, and loan records. It applies optical character recognition and generative AI to extract and validate critical borrower fields. Research from True AI, a mortgage automatic platform, shows that AI-powered OCR systems generally achieve around 95% accuracy initially (compared to an average 80% accuracy with human data classification and extraction) and can improve beyond 99% when calibrated to lender-specific processes and document sets and trained over several months. By extending coverage across the documents most frequently used in mortgage origination, the system provides a consistent and reliable foundation for loan processing. reAlpha expects the upgraded internal AI Loan Officer Assistant to reduce the manual review time per loan, which would enable loan officers to review more loans per day. Cutting the application review time also means that reAlpha Mortgage's loan officers have more time dedicated to customer interaction and less time spent on repetitive back office tasks. The total mortgage origination volume in the U.S. exceeded $1.79 trillion in 2024 and is projected to reach $2.3 trillion in 2025, according to the Mortgage Bankers Association. By embedding AI into its mortgage operations, reAlpha aims to capture meaningful efficiency gains at scale within this multi-trillion-dollar industry. reAlpha's upgraded internal AI Loan Officer Assistant supports this effort by streamlining workflows and addressing industry-wide cost and speed challenges related to a lack of automation. The internal assistant also functions as a critical quality-control layer, automatically flaggingencies and validating data before files move into underwriting. This human-in-the-loop model allows AI to manage repetitive, error-prone work while mortgage professionals provide oversight, ensuring compliance and trust. Looking ahead, reAlpha is developing advanced upgrades that will deliver automated borrower income analysis which is one of the most complex and time-consuming steps in the loan origination process. The system is being designed to streamline income verification, reduce manual review, and drive accuracy and consistency across files. These innovations further strengthen the Company's ability to advance its broader mission of building an AI-powered, end-to-end homebuying experience. Anuncio • Aug 15
reAlpha Tech Corp., Annual General Meeting, Oct 08, 2025 reAlpha Tech Corp., Annual General Meeting, Oct 08, 2025. Anuncio • Jul 30
Realpha Tech Corp. Announces Executive Changes for Realpha Mortgage; Appoints Christopher Griffith as SVP To lead this next phase of growth, reAlpha has appointed an experienced leadership team to helm reAlpha Mortgage, with Jamie Cavanaugh serving as Chief Executive Officer and Rocky Billore as Chief Sales Officer. Together, they bring deep industry expertise and a shared commitment to scaling reAlpha’s mortgage operations and delivering customer-centric innovation. Additionally, Christopher Griffith, former CEO of Be My Neighbor Mortgage, has been named SVP, Mortgage at reAlpha Tech Corp., where he will focus on long-term strategy and innovation across the broader mortgage ecosystem. Anuncio • Jul 23
reAlpha Tech Corp. has completed a Follow-on Equity Offering in the amount of $5.000001 million. reAlpha Tech Corp. has completed a Follow-on Equity Offering in the amount of $5.000001 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 14,285,718
Price\Range: $0.35
Discount Per Security: $0.02
Transaction Features: Registered Direct Offering Anuncio • Jul 22
reAlpha Tech Corp. has filed a Follow-on Equity Offering in the amount of $5.000001 million. reAlpha Tech Corp. has filed a Follow-on Equity Offering in the amount of $5.000001 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 14,285,718
Price\Range: $0.35
Discount Per Security: $0.02
Transaction Features: Registered Direct Offering Anuncio • Jul 19
reAlpha Tech Corp. has completed a Follow-on Equity Offering in the amount of $2 million. reAlpha Tech Corp. has completed a Follow-on Equity Offering in the amount of $2 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 13,333,334
Price\Range: $0.15
Discount Per Security: $0.0105
Security Name: Series A-1 Warrants
Security Type: Equity Warrant
Securities Offered: 13,333,334
Security Name: Series A-2 Warrants
Security Type: Equity Warrant
Securities Offered: 13,333,334 Anuncio • Jul 09
reAlpha Tech Corp. has filed a Follow-on Equity Offering in the amount of $4 million. reAlpha Tech Corp. has filed a Follow-on Equity Offering in the amount of $4 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 14,958,863
Price\Range: $0.2674
Discount Per Security: $0.018718
Security Name: Series A-1 Warrants
Security Type: Equity Warrant
Securities Offered: 14,958,863
Security Name: Series A-2 Warrants
Security Type: Equity Warrant
Securities Offered: 14,958,863
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 14,958,863 Anuncio • Jul 03
reAlpha Enhances Mortgage Operations with AI-Powered Loan Officer Assistant reAlpha Tech Corp. announced the launch of its AI-powered Internal Loan Officer Assistant. This newly released AI-powered assistant is designed to streamline administrative tasks within the mortgage division, driving operational efficiency and enhancing loan processing accuracy. The introduction of the AI Loan Officer Assistant is part of reAlpha's broader strategy to enhance its mortgage operations. This initiative builds on the Company's recent acquisitions, including Be My Neighbor and GTG Financial, which have expanded reAlpha's mortgage services footprint across 30 U.S. states. By automating one-third of the loan intake process, the tool accelerates document classification, labeling, and validation. This efficiency would enable loan teams to process up to 40 additional loans per month per officer, enabling teams to support increased loan volumes while preserving service quality and positioning reAlpha's mortgage division for scalable growth. This launch aligns with industry trends, as financial institutions are increasingly adopting AI to reduce operational costs and improve service delivery. Industry data indicates that AI integration in mortgage lending can increase loan origination volumes by up to 50%, reduce underwriting cycle times by 50%, and cut operational costs by as much as 30-50%. Moreover, AI-driven automation has been shown to improve borrower experience through faster approvals and personalized service, factors critical to competitive positioning in today's market. reAlpha's AI Loan Officer Assistant will continue to evolve, expanding to handle more complex mortgage scenarios. The company's technology roadmap includes the rollout of additional features aimed at further improving loan processing speed, accuracy, and scalability as market demands grow. These early operational results are based on preliminary internal testing with a limited sample size and have not been independently verified. Anuncio • Jul 02
reAlpha Tech Receives Written Notice from the Listing Qualifications Department of the Nasdaq Regarding Non-Compliance with Nasdaq Listing Rule 5550(b)(2) On July 1, 2025, reAlpha Tech Corp. received written notice from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based on the market value of listed securities for the previous 30 consecutive business days, the listing of the Company’s common stock was not in compliance with Nasdaq Listing Rule 5550(b)(2), which requires companies listed on The Nasdaq Capital Market to maintain a minimum market value of listed securities of at least $35 million (the “MVLS Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has been provided a period of 180 calendar days (or until December 29, 2025) to regain compliance with the MVLS Requirement. To regain compliance, the Company’s market value of listed securities must close at $35 million or more for a minimum of ten consecutive business days (subject to the Staff’s discretion to extend this period under Nasdaq Listing Rule 5810(c)(3)(H)). The notification received has no immediate effect on the listing of the Company’s common stock on The Nasdaq Capital Market. As previously reported, on May 20, 2025, the Company received a deficiency letter from the Staff notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) requiring a company listed on The Nasdaq Capital Market to maintain a minimum bid price of $1 per share (the “Minimum Bid Price Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided with a period of 180 calendar days (or until November 17, 2025) to regain compliance with the Minimum Bid Price Requirement. In the event that the Company does not regain compliance with the MVLS Requirement or the Minimum Bid Price Requirement prior to the expiration of their respective 180-day compliance periods, the Staff will provide written notice to the Company that its common stock will be subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Nasdaq Hearing Panel. The Company will continue to monitor its market value of listed securities and the closing bid price of its common stock as the Company considers its available options to regain compliance with the MVLS Requirement and the Minimum Bid Price Requirement. There can be no assurance that the Company will be able to regain compliance with the MVLS Requirement or the Minimum Bid Price Requirement. Anuncio • May 17
reAlpha Tech Corp. announced delayed 10-Q filing On 05/16/2025, reAlpha Tech Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Anuncio • Apr 28
reAlpha Tech Corp. Appoints Cristol Rippe as CMO, Effective April 28, 2025 reAlpha Tech Corp. announced the appointment of Cristol Rippe as Chief Marketing Officer, effective April 28, 2025. In this role, Ms. Rippe will oversee and expand all aspects of brand, marketing, and communications of the Company, reporting directly to the Company’s President and Chief Operating Officer, Mike Logozzo. Ms. Rippe brings over 20 years of experience building and scaling high-growth organizations in the fintech and real estate sectors. Most recently, she served as Chief Marketing Officer at Landed, a mission-driven fintech that helped essential professionals access homeownership. There, she led the company’s go-to-market strategy, expanding services nationally and more than doubling both the business-to-business and business-to-consumer pipelines. Prior to Landed, she was the founding marketing leader at Root Insurance, where she built and led the marketing team through rapid scale-up, helping the company grow to over $600 million in annual written premiums. At Root, she drove more than 500% YoY growth and led a full-funnel marketing strategy that dramatically increased brand awareness and drove rapid, sustainable growth. She also played a key role in Root’s successful IPO in October 2020, further demonstrating her ability to build brand equity and deliver results in high-stakes environments. Ms. Rippe’s appointment comes after reAlpha’s announcement of a media-for-equity deal with Mercurius Media Capital in March of this year, worth $5 million. Under the terms of the agreement, reAlpha gains access to Mercurius’ media expertise and U.S. multi-channel media partners on a media credits to equity basis. Ms. Rippe will help refine reAlpha’s brand messaging and capitalize on the Mercurius arrangement to grow reAlpha’s brand awareness. Anuncio • Apr 03
reAlpha Tech Corp. has filed a Follow-on Equity Offering in the amount of $7.65 million. reAlpha Tech Corp. has filed a Follow-on Equity Offering in the amount of $7.65 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Anuncio • Apr 02
reAlpha Tech Corp. announced delayed annual 10-K filing On 04/01/2025, reAlpha Tech Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Anuncio • Mar 31
reAlpha Tech Corp. has completed a Follow-on Equity Offering in the amount of $0.231236 million. reAlpha Tech Corp. has completed a Follow-on Equity Offering in the amount of $0.231236 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 160,879
Price\Range: $1.437329
Transaction Features: At the Market Offering Anuncio • Mar 22
GEM Yield Bahamas Limited Files Complaint Against reAlpha Tech Corp On March 19, 2025, GEM Yield Bahamas Limited (“GYBL”) filed a complaint against reAlpha Tech Corp. in the United States District Court for the Southern District of New York (the “Action”). The Action concerns a certain warrant to purchase common stock, issued by the Company to GYBL, on October 23, 2023 (the “Warrant”). GYBL’s complaint asserts two causes of action against the Company: breach of the Warrant, and declaratory relief concerning the validity and enforceability of the Warrant. In addition to the declaratory relief, GYBL is seeking monetary damages in an amount to be determined at trial, specific performance of the Warrant and attorneys’ fees and litigation costs. The Company intends to defend against GYBL’s claims and litigate its legal rights to the fullest extent, in the best interest of its stockholders. Anuncio • Mar 01
reAlpha Tech Corp. Announces Termination of Jorge Aldecoa as Chief Product Officer reAlpha Tech Corp. announced that on February 27, 2025, the Company terminated the employment of Jorge Aldecoa as the Company’s Chief Product Officer, effective immediately. The Company does not plan to hire or appoint a new Chief Product Officer at this time. Anuncio • Feb 22
reAlpha Tech Corp. Provides Preliminary Unaudited Revenue Guidance for the Three Months and Full Year Ended December 31, 2024 reAlpha Tech Corp. provided preliminary unaudited revenue guidance for the three months and full year ended December 31, 2024. The company has estimated its total revenue for the three months ended December 31, 2024, to be in the range of approximately $0.5 million to $0.6 million.
The Company’s estimated total revenue for the year ended December 31, 2024, is projected to be in the range of approximately $0.9 million to $1.0 million. Anuncio • Feb 06
reAlpha Tech Corp. Appoints Vijay Rathna as Chief Crypto Officer, Effective as of February 20, 2025 reAlpha Tech Corp. announced the appointment of Vijay Rathna as the Company’s Chief Crypto Officer (“CCO”), effective as of February 20, 2025. In this role, Mr. Rathna will oversee all of reAlpha’s blockchain and cryptocurrency initiatives, including token strategy, blockchain integrations, and digital asset innovation, reporting directly to Giri Devanur, Chief Executive Officer of reAlpha. Mr. Rathna has significant leadership experience in information technology, AI, blockchain architecture, and cryptocurrency ecosystems. Prior to joining reAlpha, Mr. Rathna served as the Senior Vice President of Innovation and Development at Coretelligent (merged from Chateaux Software), where he led the ideation, design and development of digital transformation team to build AI, automation and blockchain solutions for its clients. Some of those engagements included a blockchain-based digital ticketing platform, a SEC-approved stable coin in money market fund for a fintech company, a blockchain product for a global insurance company and others. Mr. Rathna is also an Associate Professor at Columbia University teaching “Blockchain and AI.”Mr. Rathna’s appointment comes as reAlpha is exploring the integration of blockchain into its technologies, including the reAlpha platform. reAlpha plans to provide further updates and announcements regarding the integration of blockchain and digital assets technologies into its business model by the end of the first quarter of 2025. Anuncio • Jan 31
reAlpha Tech Corp. Announces Chief Financial Officer Changes reAlpha Tech Corp. announced the appointment of Piyush Phadke as Chief Financial Officer, effective January 30, 2025. Mr. Phadke will succeed Rakesh Prasad, the Company’s Interim Chief Financial Officer, and he will oversee the Company’s financial and accounting operations, reporting directly to the Company’s President and Chief Operating Officer, Mike Logozzo. Mr. Phadke, age 46, brings over 20 years of leadership and finance experience. Before joining the Company, Mr. Phadke served as Managing Director at BTIG, LLC, a global financial services firm, from January 2021 to September 2023, and as Director from May 2017 to January 2021, where he was part of the debt capital advisory group and executed multiple capital raise transactions across different products including term loans, high-yield bonds and mezzanine financings. Prior to his position at BTIG, LLC, Mr. Phadke served as Senior Vice President of the financial sponsors group at Jefferies LLC, an investment bank, from January 2016 until July 2016, and as Vice President of such group from July 2014 until January 2016, where he lead and structured the underwriting and syndication of leveraged loans and high-yield bonds to support leveraged buyouts. Prior to Jefferies LLC, Mr. Phadke held positions at Bank of America from July 2008 until June 2014, where he executed leveraged buyouts, refinancings, dividend recapitalizations, equity offerings and merger and acquisitions for private equity firms and their portfolio companies. Mr. Phadke received a Master of Business Administration in Corporate Finance and Financial Analysis from The Fuqua School of Business at Duke University, and a B.A. in Economics from Tufts University. As a first order of business, Mr. Phadke will focus on optimizing reAlpha’s capital structure and strengthening its balance sheet. Anuncio • Dec 21
reAlpha Tech Corp. has filed a Follow-on Equity Offering in the amount of $4.75 million. reAlpha Tech Corp. has filed a Follow-on Equity Offering in the amount of $4.75 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Nov 14
Third quarter 2024 earnings released: US$0.047 loss per share (vs US$0.10 loss in 3Q 2023) Third quarter 2024 results: US$0.047 loss per share (improved from US$0.10 loss in 3Q 2023). Net loss: US$2.10m (loss narrowed 51% from 3Q 2023). Revenue is forecast to grow 104% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Anuncio • Nov 13
reAlpha Tech Corp. Provides Revenue Guidance for the Quarter Ending December 31, 2024 reAlpha Tech Corp. provided revenue guidance for the quarter ending December 31, 2024. For the quarter ending December 31, 2024, the company expects revenue to grow 130% to 190% from the quarter ended September 30, 2024. Anuncio • Oct 15
reAlpha Tech Corp., Annual General Meeting, Dec 13, 2024 reAlpha Tech Corp., Annual General Meeting, Dec 13, 2024. Anuncio • Oct 12
reAlpha Tech Corp. Announces Chief Financial Officer Changes On October 10, 2024, William B. Miller resigned from his position as Chief Financial Officer (and principal financial and accounting officer) of reAlpha Tech Corp. (the Company) and its subsidiaries, effective immediately. On the same date, the Company appointed Rakesh Prasad, the Company’s Vice President of Finance, to serve as its Interim Chief Financial Officer (and principal financial and accounting officer), effective immediately, while the Company conducts its search for a new Chief Financial Officer. Mr. Prasad, age 35, has over 10 years of finance reporting and audit experience. Mr. Prasad has been with the Company since May 2021 as a Director of reAlpha Techcorp Private Limited, one of the Company's subsidiaries, as a Finance Controller from such date until January 2022 and as the Vice President of Finance since February 2022, where he directs the preparation and consolidation of the Company's and its subsidiaries' financial statements in accordance with U.S. GAAP and PCAOB standards, as well as assist the Company's Chief Financial Officer in developing monthly management reports, long-term financial forecasts and annual budgets. Prior to joining the Company, Mr. Prasad was a Master Trainer at Ernst & Young LLP (EY) from November 2020 to May 2021, where he conducted technical and non-technical training sessions for income tax department officials, reviewed technical documents to ensure alignment with System Requirement Specifications (SRS) before publication, developed technical assessment questionnaire e-return intermediaries, and aided in compliance enforcement and service quality enhancement. Before EY, Mr. Prasad was the Founder at RPHR & Company, a chartered accountant firm, from May 2013 to May 2021, where he provided strategic insights in audit, certification and consulting services for its clients; directed its accounting and finance functions for clients, while also establishing policies related to revenue management, cash flow optimization, taxation and financial reporting; and led special projects encompassing internal and statutory audits, tax audits and certifications to ensure compliance with regulatory standards for its clients. Mr. Prasad has a Bachelor's of Commerce from Sri Bhagawan Mahaveer Jain College, and he is a Chartered Account accredited by the Institute of Chartered Accountants of India. Anuncio • Aug 21
reAlpha Tech Corp. Announces CFO Changes reAlpha Tech Corp. announced the appointment of William Brent Miller as the Company’s Chief Financial Officer, effective as of August 19, 2024, replacing Michael J. Logozzo from his role as Interim Chief Financial Officer. Mr. Miller will assume responsibility for all financial and accounting functions of the Company and will report directly to its President and Chief Operating Officer, Mr. Logozzo. Mr. Miller brings over 20 years of finance reporting and leadership skills. Before joining the Company, from January 2019 to March 2024, Mr. Miller served as Chief Accounting Officer of Sunlight Financial Holdings Inc. (“Sunlight”), a previously publicly traded technology-enabled point-of-sale finance company that provides homeowners with financing for the installation of residential solar systems and other home improvements. Mr. Miller managed Sunlight’s financial reporting, accounting policy and procedures and internal controls. Prior to Sunlight, from October 2015 to March 2018, Mr. Miller served as Chief Financial Officer and Treasurer of KKR Real Estate Finance Trust Inc., a commercial mortgage real estate investment trust (“REIT”) externally managed by Kohlberg Kravis Roberts & Co. Inc. (“KKR”), a global investment firm, where he oversaw all aspects of the REIT’s financial and organizational strategy involving capital raises, capital structure and financial and regulatory reporting. From January 2009 to August 2015, Mr. Miller served in a variety of roles with Fortress Investment Group LLC, a diversified global investment management firm, including Controller of New Residential Investment Corp., a REIT primarily focused on investing in residential mortgage related assets, and Vice President of Finance, where he led accounting, finance and treasury operations. Mr. Miller received a B.S.B. A in Accounting and Finance and a B.S. in Computer Information Science from the Ohio State University. Anuncio • Aug 20
Realpha Tech Corp. Launches Ai-Powered Real Estate Super App on Tailwinds of Effectiveness of Nar Rule Changes on August 17, 2024 reAlpha Tech Corp. announced the launch of reAlpha (previously, "Claire") (the "Super App") for mobile devices. The Super App brings an end-to-end, commission-free, real estate experience to users' mobile devices in addition to its online version, combining Claire, reAlpha's generative-AI buyer's agent, licensed human agent support and a suite of homebuying tools, which currently includes title and escrow agent services. In connection with the launch of the Super App for mobile devices, reAlpha changed the name of the Super App from "Claire", to "reAlpha". Claire will remain as the generative- AI buyer's agent that will be integrated within the Super App, while providing the same services it did for users utilizing the platform under its previous name. The Super App will continue to be available online in addition to its mobile app version. This launch is timed to coincide with the real estate industry's shift in light of the National Association of Realtors' ("NAR") recent settlement to eliminate the standard 6% sales commission when purchasing a home. These rule changes went into effect August 17, and reAlpha believes such changes make its commission-free offering to be even more compelling for property buyers. End-to-end Transactions: All steps of a standard homebuying process can be completed in the Super App, even if the Super App does not provide the services itself, as reAlpha's licensed real estate agents will be available to step in and assist in those steps until the Super App integrates those services within the platform. Buyers will be guided through finding their home, negotiating an offer, getting a mortgage, among others, all the way through title services and closing. One Platform for All Homebuying Needs: Following the acquisition of Hyperfast, announced July 29, 2024, reAlpha now offers integrated title services, allowing the Super App to offer those services directly to its users. While licensed real estate agents can assist homebuyers if they need assistance with certain services the Super App does not currently provide, reAlpha plans to expand the Super App's capabilities to integrate every aspect of a standard homebuying processes in this one platform by eventually providing mortgage brokerage services and home insurance to buyers utilizing the Super App, whether online or via mobile device. By integrating its generative-AI technology and homebuying services, reAlpha believes the Super App can transform the way people buy homes, while making the process more intuitive and efficient. The Super App is now available for download on iOS devices. Reported Earnings • Aug 16
Second quarter 2024 earnings released: US$0.033 loss per share (vs US$0.12 profit in 2Q 2023) Second quarter 2024 results: US$0.033 loss per share (down from US$0.12 profit in 2Q 2023). Net loss: US$1.48m (down 131% from profit in 2Q 2023). Anuncio • Jul 16
reAlpha Tech Corp. (NasdaqCM:AIRE) agreed to acquire AiChat Pte. Ltd from AICHAT10X PTE. LTD. for $1.1 million reAlpha Tech Corp. (NasdaqCM:AIRE) agreed to acquire AiChat Pte. Ltd from AICHAT10X PTE. LTD. for $1.1 million on July 15, 2024. The consideration consists of common equity of reAlpha Tech Corp. having a value of $1.14 million to be issued for common equity of AiChat Pte. Ltd. As part of consideration, $1.14 million is paid towards common equity of AiChat Pte. Ltd.As of July 15, 2024, 85% stake has been transferred to RTC. The expected completion of the transaction is June 30, 2025. Anuncio • May 08
reAlpha Tech Corp. (NasdaqCM:AIRE) completed the acquisition of remaining 75% stake in Naamche, Inc. from Ramesh Pathak, Barun Pandey, and Saramsha Dotel. reAlpha Tech Corp. (NasdaqCM:AIRE) entered into a Stock Purchase Agreement to acquire the remaining 75% stake in Naamche, Inc. from Ramesh Pathak, Barun Pandey, and Saramsha Dotel for $1.9 million on December 3, 2023. Under the terms of the transaction, 225,000 shares of reAlpha's restricted common stock, to be issued by reAlpha within 9 months from the closing date and $450,000 in cash, payable in the 3 years following the Closing Date based on the achievement of specified revenue-based targets. The Shares will be subject to vesting over a 3 year period commencing from the date of issuance. As of December 3, 2023, reAlpha owned 25% stake in Naamche. Concurrently, reAlpha entered into a Stock Purchase Agreement to acquire Naamche, Inc. Pvt. Ltd. from Ramesh Pathak, Barun Pandey, and Saramsha Dotel for $0.05 million on December 3, 2023. Naamche will integrate into reAlpha’s larger operational framework, aligning the strengths of both companies.
Upon completion of the Acquisition, Naamche’s founder and Chief Executive Officer, Ramesh Pathak, will continue to lead Naamche as President and will report to Giri Devanur, Chief Executive Officer of reAlpha. The transaction is subject to satisfaction or waiver of all of the closing conditions set out in the related transaction of Naamche, Inc. Pvt. Ltd. and the Naamche, Inc. Pvt. Ltd. transaction is subject to regulatory approval from the Department of Industries of Nepal. The transaction was approved by reAlpha’s Board of Directors. Nimish Patel of Mitchell Silberberg & Knupp LLP is acting as legal advisor to reAlpha.
reAlpha Tech Corp. (NasdaqCM:AIRE) completed the acquisition of remaining 75% stake in Naamche, Inc. from Ramesh Pathak, Barun Pandey, and Saramsha Dotel on May 6, 2024. Board Change • Apr 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Independent Director Brian Cole is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Anuncio • Apr 24
Realpha Tech Corp. Launches Claire, Real Estate’s AI-Powered, Zero-Commission Smart Buyer’s Agent reAlpha Tech Corp. announced the launch of Claire, the real estate industry’s first generative AI-powered, zero-commission Smart Buyer’s Agent. Claire's introduction aligns with major shifts in the real estate sector after the National Association of Realtors (NAR) agreed to eliminate the standard 6 percent sales commission, which equates to approximately $100 billion in realtor fees paid annually. Claire offers a cost-free alternative for homebuyers by utilizing an AI-driven workflow that guides them through the home buying process. Homebuyers can use Claire’s innovative conversational interface to guide them through every step of their journeys, from property search to closing the deal. By offering support 24/7, Claire is poised to make the homebuying process more efficient, enjoyable and cost-efficient. Claire matches buyers with their dream homes using over 400 data attributes and provides insights into market trends and property values. Additionally, Claire can assist with questions, booking property tours, submitting offers, and negotiations. Claire is currently available to assist homebuyers in Palm Beach, Miami-Dade, and Broward Counties. Its capabilities are complemented and supported by a team of licensed agents all powered by reAlpha Realty, LLC (“reAlpha Realty”), reAlpha’s fully licensed and insured real estate brokerage based in Miramar, Florida. These agents are readily available, if needed, on a no-obligation and commission-free basis to assist homebuyers using Claire. Importantly, reAlpha Realty will provide a rebate to the buyer from any buy-side commissions earned whenever offered, helping to offset a portion of the cost of the home. The creation and launch of Claire align with reAlpha’s mission to bring the multi-trillion-dollar global real estate industry into the digital era. reAlpha believes that over time, Claire has the potential to set the new standard for efficiency, accessibility and reliability when it comes to buying a new home, empowering home buyers to make informed decisions they can feel confident about. Reported Earnings • Apr 21
First quarter 2024 earnings released: US$0.032 loss per share (vs US$0.054 loss in 1Q 2023) First quarter 2024 results: US$0.032 loss per share (improved from US$0.054 loss in 1Q 2023). Net loss: US$1.42m (loss narrowed 38% from 1Q 2023). Reported Earnings • Mar 18
Full year 2023 earnings released: US$0.044 loss per share (vs US$0.18 loss in FY 2022) Full year 2023 results: US$0.044 loss per share (improved from US$0.18 loss in FY 2022). Net loss: US$1.88m (loss narrowed 75% from FY 2022). Anuncio • Feb 02
reAlpha Tech Corp. Appoints Michael Frenz as Chief Financial Officer reAlpha Tech Corp. announced that Michael Frenz has been appointed as Chief Financial Officer, effective immediately. Mr. Frenz will report to Mr. Logozzo, who will report to Giri Devanur, the Company’s Chairman and Chief Executive Officer. As CFO, Mr. Frenz brings extensive experience in financial reporting, capital markets, and mergers and acquisitions. Prior to joining reAlpha, he was the Chief Financial Officer of CA Ventures, a private global real estate investment management company, and before then, the Chief Financial Officer of Clipper Realty Inc. and an investment banker for almost two decades at well-known investment banks. Anuncio • Dec 20
reAlpha Tech Corp. announced delayed 10-Q filing On 12/18/2023, reAlpha Tech Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. New Risk • Dec 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.7m free cash flow). Share price has been highly volatile over the past 3 months (49% average weekly change). Revenue is less than US$1m (US$321k revenue). Minor Risk Less than 3 years of financial data is available. Anuncio • Dec 06
reAlpha Tech Corp. (NasdaqCM:AIRE) entered into a Stock Purchase Agreement to acquire Naamche, Inc. Pvt. Ltd from Ramesh Pathak, Barun Pandey, and Saramsha Dotel for $0.15 million. reAlpha Tech Corp. (NasdaqCM:AIRE) entered into a Stock Purchase Agreement to acquire Naamche, Inc. Pvt. Ltd from Ramesh Pathak, Barun Pandey, and Saramsha Dotel for $0.15 million on December 3, 2023. Concurrently, reAlpha entered into a Stock Purchase Agreement to acquire Naamche, Inc. from Ramesh Pathak, Barun Pandey, and Saramsha Dotel for $1.9 million on December 3, 2023. Naamche will integrate into reAlpha’s larger operational framework, aligning the strengths of both companies.Upon completion of the Acquisition, Naamche’s founder and Chief Executive Officer, Ramesh Pathak, will continue to lead Naamche as President and will report to Giri Devanur, Chief Executive Officer of reAlpha. The transaction is subject to satisfaction or waiver of all of the closing conditions set out in the related transaction of Naamche, Inc. and the Naamche, Inc. Pvt. Ltd. transaction is subject to regulatory approval from the Department of Industries of Nepal. The transaction was approved by reAlpha’s Board of Directors. Nimish Patel of Mitchell Silberberg & Knupp LLP is acting as legal advisor to reAlpha. Anuncio • Nov 23
reAlpha Tech Corp. has completed a Composite Units Offering in the amount of $8 million. reAlpha Tech Corp. has completed a Composite Units Offering in the amount of $8 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 1,600,000
Price\Range: $5
Discount Per Security: $0.35 Anuncio • Nov 03
reAlpha Tech Corp. Announces Commercial Launch of GENA, a Product for Property Listing Descriptions Powered by Generative-AI reAlpha Tech Corp. announced the commercial launch of GENA, formerly known as BnBGPT, a novel tool that enhances residential property listings in multiple online real estate marketplaces through the integration of personalized generative AI descriptions. In an increasingly competitive residential real estate market, property owners, agents and managers are seeking innovative technology solutions to support their businesses and drive positive outcomes. As an owner of, and investor in, residential real estate, reAlpha understands the complexities involved in marketing properties efficiently and effectively, including the time it takes to develop property listing descriptions for platforms such as Airbnb. To that end, reAlpha developed GENA, which leverages reAlpha's industry knowledge andgenerative AI technology to enhance or create property descriptions. GENA is capable of crafting descriptions that accurately reflect the unique characteristics of each property, allowing residential real estate owners and investors to save time, achieve differentiation and facilitate entry into the market. GENA caters to a diverse spectrum of real estate needs, serving short-term rentals, long-term rentals and residential sales. Whether a property is included in marketplaces such as Airbnb, VRBO, Zillow, Realtor or MLS, GENA can tailor detailed descriptions for each platform, as applicable.