Core Viewpoint - reAlpha Tech Corp. has fully repaid its secured promissory note, marking a significant milestone that enhances its financial position and operational flexibility [1][3]. Financial Summary - The secured promissory note had a principal balance of $5.45 million with an 8% annual interest rate, originally issued on August 14, 2024, and scheduled to mature on February 14, 2026 [2]. - The company utilized available cash, including proceeds from recent equity offerings, to repay the full outstanding balance on July 23, 2025 [2]. Strategic Implications - The repayment allows reAlpha to accelerate product development and market expansion, as well as pursue strategic acquisitions and partnerships [3]. - With the note fully repaid, reAlpha has strengthened its balance sheet and simplified its capital structure, providing greater financial flexibility for growth initiatives [3]. Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company focused on transforming the U.S. real estate services market through an integrated platform that streamlines real estate transactions [5]. - The company aims to build a vertically integrated ecosystem that offers a simpler, smarter, and more affordable path to homeownership [5].
reAlpha Announces Repayment in Full of the Outstanding Balance of Streeterville Secured Promissory Note