Summary by Futu AI
reAlpha Tech Corp. (reAlpha Tech), a company listed on the Nasdaq under the ticker symbol 'AIRE', has filed a prospectus supplement to update and supplement information contained in a previous prospectus dated October 20, 2023. This filing is related to the potential offer and resale of up to 4,151,519 shares of common stock by registered stockholders in connection with the company's direct listing on Nasdaq. The company will not receive any proceeds from the sale of shares by the registered stockholders. On February 8, 2024, reAlpha Tech's common stock closed at $1.37. The company is considered a 'controlled company' under Nasdaq listing rules due to CEO and chairman Giri Devanur's ownership of approximately 62.64% of outstanding common stock. reAlpha Tech has also entered into...Show More