share_log

reAlpha Tech | 8-K: Current report

SEC ·  Sep 30 18:38

Summary by Futu AI

On September 30, 2024, reAlpha Tech Corp., a real estate technology company listed on Nasdaq under the symbol AIRE, announced an investment in Xmore AI through its reAlpha AI Labs initiative. Xmore AI, co-founded by Dr. Benjamin Yan and Adrian Self, specializes in AI-driven cybersecurity solutions and is developing a platform to consolidate various cybersecurity tools. This strategic investment is expected to enhance the cybersecurity features of reAlpha's AI-powered homebuying platform and support Xmore AI's continued software development. The investment also aligns with reAlpha's broader strategy to foster AI technology innovation within the real estate industry. The announcement was made via a press release, which is furnished as Exhibit 99.1 to the Current Report on Form 8-K filed with the SEC. reAlpha's recent acquisitions, including Naamche, Hyperfast, Be My Neighbor, and AiChat, are also expected to benefit from Xmore AI's cybersecurity advancements. The press release contained forward-looking statements regarding the potential benefits of the investment and the anticipated demand for AI-driven cybersecurity solutions.
On September 30, 2024, reAlpha Tech Corp., a real estate technology company listed on Nasdaq under the symbol AIRE, announced an investment in Xmore AI through its reAlpha AI Labs initiative. Xmore AI, co-founded by Dr. Benjamin Yan and Adrian Self, specializes in AI-driven cybersecurity solutions and is developing a platform to consolidate various cybersecurity tools. This strategic investment is expected to enhance the cybersecurity features of reAlpha's AI-powered homebuying platform and support Xmore AI's continued software development. The investment also aligns with reAlpha's broader strategy to foster AI technology innovation within the real estate industry. The announcement was made via a press release, which is furnished as Exhibit 99.1 to the Current Report on Form 8-K filed with the SEC. reAlpha's recent acquisitions, including Naamche, Hyperfast, Be My Neighbor, and AiChat, are also expected to benefit from Xmore AI's cybersecurity advancements. The press release contained forward-looking statements regarding the potential benefits of the investment and the anticipated demand for AI-driven cybersecurity solutions.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.