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reAlpha (NASDAQ: AIRE) Appoints Thomas Kutzman to Lead Brokerage Division as CEO of reAlpha Realty
Globenewswire· 2025-12-03 21:30
Core Viewpoint - reAlpha Tech Corp. has appointed Thomas Kutzman as the Chief Executive Officer of reAlpha Realty, aiming to enhance its real estate brokerage division and integrate the recently acquired Prevu platform [1][3]. Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company focused on transforming the U.S. real estate services market, developing an end-to-end platform that integrates brokerage, mortgage, and title services [5]. Leadership Appointment - Thomas Kutzman, co-founder of Prevu, will lead reAlpha Realty, leveraging his experience in building a technology-driven homebuying platform recognized for its consumer-centric model [2][4]. - Kutzman will report directly to Mike Logozzo, CEO of reAlpha, and will be part of the executive leadership team [4]. Strategic Goals - Kutzman’s responsibilities include the strategic development and national expansion of reAlpha's real estate business, focusing on integrating Prevu's technology and enhancing customer experience [3][4]. - The company aims to create a unified model that improves efficiency and agent productivity across key markets [3].
reAlpha (Nasdaq: AIRE) Acquires Prevu to Expand Multi-State Footprint and Offer Its Integrated Realty and Mortgage Services in Additional States
Globenewswire· 2025-11-25 12:30
Core Insights - reAlpha Tech Corp. has acquired Prevu Inc., expanding its real estate footprint into 11 new markets and enhancing its technology-driven platform [1][3] - Prevu is a digital homebuying platform with a rebate-oriented brokerage model, having completed over 1,000 transactions and maintaining a 5-star Google rating [2][4] - The acquisition aims to unify realty and mortgage capabilities, supporting a broader national footprint and enhancing operational capabilities [1][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 end-to-end platform that integrates brokerage, mortgage, and title services [5] - Prevu operates in major metropolitan markets across 12 states and Washington, D.C., providing a digital platform designed to empower homebuyers with greater control and transparency [4] Strategic Implications - The integration of Prevu's brokerage operations with reAlpha's existing real estate services is expected to accelerate reAlpha's long-term platform strategy and enhance operational efficiency [3] - Both companies share a commitment to modernizing real estate through technology, which is anticipated to create significant opportunities for scaling and delivering value to homebuyers and agents [3][2]
reAlpha ($AIRE) Granted 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Globenewswire· 2025-11-18 21:30
Core Points - reAlpha Tech Corp. has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement, now due by May 18, 2026 [1] - The company must achieve a closing bid price of at least $1.00 per share for ten consecutive business days to meet compliance [1] - Nasdaq granted the extension based on reAlpha meeting the continued listing requirement for market value of publicly held shares [1] Company Developments - The CEO of reAlpha expressed appreciation for the extension, highlighting progress in strengthening financial and operational foundations, expanding real estate and mortgage platforms, and advancing AI technology initiatives [2] - The company is focused on sustainable growth, transparency, and long-term value creation for shareholders [2] Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company aiming to transform the U.S. real estate services market [3] - The company is developing an end-to-end platform that integrates brokerage, mortgage, and title services to simplify real estate transactions [3] - reAlpha employs a strategic, acquisition-driven growth model and proprietary AI infrastructure to create a vertically integrated ecosystem for homeownership [3]
reAlpha Tech Corp. Announces Closing of $5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-07-23 00:00
Core Viewpoint - reAlpha Tech Corp. has successfully closed a registered direct offering of 14,285,718 shares of common stock at a price of $0.35 per share, raising approximately $5 million in gross proceeds for working capital and general corporate purposes [1][3] Group 1: Offering Details - The offering included a concurrent private placement of unregistered warrants to purchase an equal number of shares at the same exercise price of $0.35, which are exercisable upon issuance and will expire five years from the effective date of the registration statement [1][2] - The common stock was offered under a "shelf" registration statement declared effective by the SEC on November 26, 2024, and the offering was made only by means of a prospectus [4] Group 2: Use of Proceeds - The net proceeds from the offering are intended for working capital and general corporate purposes, which may include debt repayment, future acquisitions, capital expenditures, and cryptocurrency purchases in line with the company's investment policy [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 through an integrated platform that streamlines real estate transactions [7] - The company employs a strategic, acquisition-driven growth model and proprietary AI infrastructure to create a vertically integrated ecosystem aimed at simplifying the path to homeownership [7]