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reAlpha Tech | 424B3: Prospectus

SEC ·  Jul 15 18:39
Summary by Futu AI
On July 12, 2024, reAlpha Tech Corp. announced the acquisition of 85% of the ordinary shares of AiChat Pte. Ltd., a Singapore-based artificial intelligence company specializing in conversational customer experience solutions. The deal, which is set to be fully completed by June 30, 2025, involves a purchase price of $1,140,000, to be paid in restricted shares of reAlpha Tech's common stock. The shares will be issued in three tranches, with specific restrictions and a 90-day lock-up period post-issuance. Additionally, reAlpha Tech has agreed to subscribe for additional ordinary shares of AiChat for a total of $300,000 and will guarantee certain outstanding loans of AiChat. The acquisition is subject to customary closing conditions and representations, and the shares issued will be exempt from registration under the Securities Act in reliance on Regulation S. The transaction was announced via a press release on July 15, 2024, and the company's common stock is listed on the Nasdaq Capital Market under the ticker symbol 'AIRE'.
On July 12, 2024, reAlpha Tech Corp. announced the acquisition of 85% of the ordinary shares of AiChat Pte. Ltd., a Singapore-based artificial intelligence company specializing in conversational customer experience solutions. The deal, which is set to be fully completed by June 30, 2025, involves a purchase price of $1,140,000, to be paid in restricted shares of reAlpha Tech's common stock. The shares will be issued in three tranches, with specific restrictions and a 90-day lock-up period post-issuance. Additionally, reAlpha Tech has agreed to subscribe for additional ordinary shares of AiChat for a total of $300,000 and will guarantee certain outstanding loans of AiChat. The acquisition is subject to customary closing conditions and representations, and the shares issued will be exempt from registration under the Securities Act in reliance on Regulation S. The transaction was announced via a press release on July 15, 2024, and the company's common stock is listed on the Nasdaq Capital Market under the ticker symbol 'AIRE'.
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