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reAlpha Tech | 424B3: Prospectus

SEC ·  Feb 2 06:03
Summary by Futu AI
reAlpha Tech Corp. has filed a prospectus supplement on February 1, 2024, to update and supplement information related to its offering of 1,600,000 units at $5.00 per unit, each consisting of one share of common stock and one and a half common warrants. The supplement, filed with the SEC, follows the company's current report on Form 8-K and is related to the previously issued prospectus dated November 21, 2023. The company's common stock is listed on The Nasdaq Stock Market under the ticker symbol 'AIRE' and closed at $1.23 on the date of the filing. The company, controlled by CEO and chairman Giri Devanur, who owns approximately 62.64% of the outstanding common stock, has also announced executive changes. Michael J. Logozzo has been appointed as Chief...Show More
reAlpha Tech Corp. has filed a prospectus supplement on February 1, 2024, to update and supplement information related to its offering of 1,600,000 units at $5.00 per unit, each consisting of one share of common stock and one and a half common warrants. The supplement, filed with the SEC, follows the company's current report on Form 8-K and is related to the previously issued prospectus dated November 21, 2023. The company's common stock is listed on The Nasdaq Stock Market under the ticker symbol 'AIRE' and closed at $1.23 on the date of the filing. The company, controlled by CEO and chairman Giri Devanur, who owns approximately 62.64% of the outstanding common stock, has also announced executive changes. Michael J. Logozzo has been appointed as Chief Operating Officer and President, while Michael Frenz has been appointed as the new Chief Financial Officer. Jorge Aldecoa has transitioned to the role of Chief Product Officer. These executive changes include amendments to their employment agreements, with adjustments to base salaries and eligibility for discretionary bonuses and long-term incentive awards based on performance targets. The company has emphasized the high degree of risk involved in investing in its securities, as detailed in the 'Risk Factors' section of the prospectus.

This announcement is a separate document:

Doc 1

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