On February 2, 2024, reAlpha Tech Corp., a Delaware-based company listed on the Nasdaq Stock Market under the symbol AIRE, announced the execution of an Amended and Restated Stock Purchase Agreement to acquire Naamche, Inc. Pvt. Ltd., a corporation formed in Nepal. This agreement supersedes a previous agreement dated December 3, 2023, and involves the acquisition of shares not already owned by reAlpha Tech in exchange for a combination of restricted common stock and cash, with additional cash payments contingent on achieving specified revenue targets. The amended agreement also includes a post-closing covenant for reAlpha Tech to purchase additional shares of Nepal Naamche within a year. The completion of the acquisitions is subject to regulatory approval from the Department of Industries of...Show More

On February 2, 2024, reAlpha Tech Corp., a Delaware-based company listed on the Nasdaq Stock Market under the symbol AIRE, announced the execution of an Amended and Restated Stock Purchase Agreement to acquire Naamche, Inc. Pvt. Ltd., a corporation formed in Nepal. This agreement supersedes a previous agreement dated December 3, 2023, and involves the acquisition of shares not already owned by reAlpha Tech in exchange for a combination of restricted common stock and cash, with additional cash payments contingent on achieving specified revenue targets. The amended agreement also includes a post-closing covenant for reAlpha Tech to purchase additional shares of Nepal Naamche within a year. The completion of the acquisitions is subject to regulatory approval from the Department of Industries of Nepal and other closing conditions. The company has not yet entered into any subscription agreements with Nepal Naamche as of the reporting date. The details of the agreements were disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission, which also contained forward-looking statements regarding the anticipated closing of the acquisitions.