Core Viewpoint - reAlpha Tech Corp. has announced a public offering of 13,333,334 shares of common stock at a price of $0.15 per share, along with warrants, aiming to raise approximately $2 million for working capital and corporate purposes [1][3]. Group 1: Offering Details - The public offering includes Series A-1 and Series A-2 warrants, each allowing the purchase of up to 13,333,334 shares at an exercise price of $0.15 [1]. - The Series A-1 warrants will expire five years from stockholder approval, while the Series A-2 warrants will expire in twenty-four months [1]. - The closing of the offering is expected around July 18, 2025, pending customary closing conditions [1]. Group 2: Financial Use of Proceeds - The gross proceeds from the offering are anticipated to be approximately $2 million before deducting fees and expenses [3]. - The net proceeds will be used for working capital, debt repayment, future acquisitions, capital expenditures, and cryptocurrency purchases [3]. Group 3: Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company focused on transforming the U.S. real estate services market [6]. - The company is developing an integrated platform for real estate transactions, including brokerage, mortgage, and title services [6]. - reAlpha aims to create a vertically integrated ecosystem to simplify and enhance the homeownership process [6].
reAlpha Tech Corp. Announces Pricing of $2 Million Public Offering