reAlpha Tech Corp., listed on the Nasdaq under the ticker symbol AIRE, has completed the acquisition of mortgage brokerage company Debt Does Deals, LLC, doing business as Be My Neighbor, on September 8, 2024. The deal, valued at up to $6 million, includes an initial payment of $1.5 million in cash and $1.5 million in restricted shares of reAlpha Tech's common stock, with additional earn-out payments of up to $3 million based on financial performance. The shares issued are subject to a 180-day restriction period post-issuance. The acquisition, which is not considered significant in terms of assets, does not require the filing of financial statements or pro forma financial information with the SEC. reAlpha Tech's CEO and chairman, Giri Devanur, who owns approximately 62.21% of the company's outstanding common stock, has affirmed that the company will not take advantage of Nasdaq's corporate governance exceptions for controlled companies. The company also issued a press release on September 9, 2024, to announce the transaction.

reAlpha Tech Corp., listed on the Nasdaq under the ticker symbol AIRE, has completed the acquisition of mortgage brokerage company Debt Does Deals, LLC, doing business as Be My Neighbor, on September 8, 2024. The deal, valued at up to $6 million, includes an initial payment of $1.5 million in cash and $1.5 million in restricted shares of reAlpha Tech's common stock, with additional earn-out payments of up to $3 million based on financial performance. The shares issued are subject to a 180-day restriction period post-issuance. The acquisition, which is not considered significant in terms of assets, does not require the filing of financial statements or pro forma financial information with the SEC. reAlpha Tech's CEO and chairman, Giri Devanur, who owns approximately 62.21% of the company's outstanding common stock, has affirmed that the company will not take advantage of Nasdaq's corporate governance exceptions for controlled companies. The company also issued a press release on September 9, 2024, to announce the transaction.