Summary by Futu AI
reAlpha Tech Corp. (reAlpha), a real estate technology company, has filed a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) on August 15, 2024. This filing updates and supplements information contained in the original prospectus dated June 25, 2024, and includes the company's Quarterly Report filed on August 14, 2024. The supplement covers the offering of up to 1,997,116 shares of common stock and 1,700,884 shares of common stock underlying the warrants. reAlpha's common stock is listed on the Nasdaq Capital Market under the ticker symbol 'AIRE,' with a closing price of $1.15 on August 14, 2024. The company, controlled by CEO and chairman Giri Devanur who owns approximately 62.35% of outstanding common stock, is not required to comply with certain Nasdaq corporate governance requirements but has...Show More