reAlpha Tech Corp. has filed a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) on July 12, 2024, to update and supplement information in its previous prospectus dated June 25, 2024. The supplement includes details about the offering of up to 1,997,116 shares of common stock and 1,700,884 shares of common stock underlying the warrants. The company's common stock is listed on the Nasdaq Capital Market under the ticker symbol 'AIRE' and had a closing price of $1.38 on July 11, 2024. reAlpha Tech is considered a 'controlled company' under Nasdaq listing rules due to CEO and Chairman Giri Devanur's ownership of approximately 62.35% of outstanding common stock. Despite this status, the company has chosen not to take advantage of certain corporate governance exceptions allowed...Show More

reAlpha Tech Corp. has filed a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) on July 12, 2024, to update and supplement information in its previous prospectus dated June 25, 2024. The supplement includes details about the offering of up to 1,997,116 shares of common stock and 1,700,884 shares of common stock underlying the warrants. The company's common stock is listed on the Nasdaq Capital Market under the ticker symbol 'AIRE' and had a closing price of $1.38 on July 11, 2024. reAlpha Tech is considered a 'controlled company' under Nasdaq listing rules due to CEO and Chairman Giri Devanur's ownership of approximately 62.35% of outstanding common stock. Despite this status, the company has chosen not to take advantage of certain corporate governance exceptions allowed for controlled companies. Additionally, on July 12, 2024, reAlpha Tech announced the immediate termination of Michael Frenz as Chief Financial Officer and the appointment of Michael J. Logozzo, the current Chief Operating Officer and President, as the interim CFO while the search for a permanent successor is underway. Logozzo's compensation will not change with this new appointment.