Core Viewpoint - reAlpha Tech Corp. has announced a definitive agreement to acquire InstaMortgage Inc., aiming to enhance its mortgage brokerage operations by adding direct mortgage lending capabilities and expanding into new markets [1][2]. Group 1: Acquisition Details - The acquisition is expected to close in the first half of 2026, pending regulatory approval [1][5]. - reAlpha will acquire 100% of InstaMortgage's outstanding equity for approximately $8.5 million, which will be paid in a combination of cash and reAlpha common stock [4]. Group 2: Strategic Rationale - The acquisition will allow reAlpha to integrate brokerage and lending workflows, providing a more coordinated experience for borrowers throughout the mortgage process [2][4]. - InstaMortgage has a strong presence in 32 states and has facilitated over $4 billion in residential mortgage financing in the past five years, which will help reAlpha expand its footprint [3][4]. Group 3: Company Background - InstaMortgage, founded in 2008, specializes in purchase and refinance loans and has been recognized as one of America's Fastest-Growing Companies by the Financial Times [3][6]. - reAlpha Tech Corp. is focused on transforming the U.S. real estate services market through an AI-powered platform that integrates brokerage, mortgage, and title services [8].
reAlpha (Nasdaq: AIRE) Signs Definitive Agreement to Acquire InstaMortgage