Here are the 424B prospectus supplements from reAlpha Tech Corp. (AIRE) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AIRE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AIRE filings page.
reAlpha Tech Corp. is offering 1,361,028 common shares and pre-funded warrants to purchase up to 3,013,972 shares, at $0.40 per share and $0.3999 per warrant. Each warrant is exercisable for one share at $0.0001 upon issuance, until all warrants are exercised. Warrants may replace shares when a purchaser’s beneficial ownership with affiliates and certain related parties would exceed 4.99%, or 9.99% at the purchaser’s election; the offering also covers common shares issuable upon exercise.
This best-efforts offering has no minimum closing amount or escrow; the placement agent is not required to buy securities or arrange a specific sale amount. reAlpha estimates net proceeds of approximately $1.35 million after fees and estimated expenses, assuming no warrant exercise, but actual proceeds may be substantially less. Proceeds are intended for working capital and general corporate purposes.
Management and its auditor report substantial doubt about reAlpha’s ability to continue as a going concern. Without anticipated offering proceeds, current cash is expected to fund projected needs for less than one month. If all offered securities are sold, proceeds are expected to fund operating expenses and working capital for approximately three months. Stated dilution to new investors is approximately $1.34 per share, assuming full exercise of the pre-funded warrants.