STOCK TITAN

TAP Real Estate gets 2% Alpenhaus stake, tech fees

TAP Real Estate secures a 2% stake in Alpenhaus and a paid, tokenization-exclusive tech services role for the newly acquired Zermatt Resort.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

TAP Real Estate Technologies, Inc. (RWAX) entered into two linked agreements around the Zermatt Resort in Midway, Utah. TAP Real Estate signed a Subscription Agreement with Alpenhaus Resort, LLC under which it transferred its prior option to purchase the Zermatt Resort to Alpenhaus in exchange for a 2% equity interest in Alpenhaus, which has now closed on the resort acquisition.

Separately, TAP Real Estate entered into a Technology Services Agreement to provide digital infrastructure, strategic technology services and access to its real estate technology platform for Zermatt. Alpenhaus agreed to pay a $60,000 upfront technology platform fee within three business days of execution and $6,000 per month for ongoing services. The initial term is one year with automatic one-year renewals unless either party gives 90 days’ notice of non-renewal, and either party may terminate for cause after a 30‑day cure period.

The Technology Services Agreement grants TAP Real Estate exclusive rights to tokenization services related to Zermatt, with any tokenization to be governed by separate agreements. Management highlights this arrangement as a repeatable model combining platform fees, service fees, tokenization fees and selective equity ownership, and notes that Zermatt will serve as a pilot property for TAP Real Estate’s Consumer, Pro and Enterprise subscription offerings and its TAP Registry and TAP Pay infrastructure.

Positive

  • None.

Negative

  • None.

Filing Explained

No current securities offering is disclosed; tokenization remains a future possibility requiring separate definitive documents.

The filing’s current structural consequence is contractual rather than a new securities issuance: TAP received a 2% Alpenhaus interest for transferring its resort purchase option, and its technology-services term has begun.

The press release’s references to “tokenized issuances” describe a possible later step, not a completed offering: it says any offering or token issuance requires future definitive documents and states that the release is not an offer of securities.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Equity interest in Alpenhaus 2% ownership interest Received in exchange for transferring the Zermatt Resort purchase option to Alpenhaus
Upfront technology platform fee $60,000 Payable by Alpenhaus within three business days of executing the Technology Services Agreement
Monthly technology services fee $6,000 per month Ongoing fee paid by Alpenhaus for TAP Real Estate’s technology services to Zermatt Resort
Initial term of Tech Services Agreement 1 year Agreement initially runs one year with automatic one-year renewals
Non-renewal notice period 90 days Either party must give 90 days’ notice to prevent automatic one-year renewal
Breach cure period 30 days Time allowed to cure a material breach before termination for cause
Convention and meeting space at Zermatt 65,000 square feet Convention, meeting and exhibition space at Zermatt Resort
Loans repaid at The Slope More than $7 million Amount of loans whose repayment was recorded using TAP Registry
Technology Services Agreement financial
"entered into a Technology Services Agreement with Alpenhaus to provide digital infrastructure"
tokenization services financial
"grants the Company the exclusive rights to any tokenization services related to the Zermatt Resort"
stablecoin financial
"native stablecoin send and receive, including USDC, where eligible and enabled"
A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.
real-world asset markets financial
"develops connected infrastructure for real estate ownership, transactions, property administration and real-world asset markets"
forward-looking statements regulatory
"This press release contains forward-looking statements regarding, among other matters, the Zermatt upgrade"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
tokenized offerings financial
"preparation and issuance of tokenized offerings into the market"
Digital tokens that represent ownership or rights in an asset—such as a share, bond, piece of real estate, or a claim on future revenue—issued and traded using secure digital ledgers. Think of them like tradable digital tickets that can split ownership into smaller pieces and move faster between buyers and sellers. For investors they can lower minimum investment amounts, speed up settlement and improve liquidity, but they also introduce custody, technology and regulatory risks.

FAQ

What agreements did TAP Real Estate Technologies (RWAX) announce regarding Zermatt Resort?

TAP Real Estate announced a Subscription Agreement giving it a 2% equity interest in Alpenhaus Resort, LLC and a Technology Services Agreement under which it provides digital infrastructure and technology services to the Zermatt Resort for fees and tokenization exclusivity.

How much revenue will RWAX receive under the Technology Services Agreement with Alpenhaus?

Under the Technology Services Agreement, Alpenhaus agreed to pay TAP Real Estate a $60,000 upfront technology platform fee within three business days of execution and $6,000 per month for ongoing technology services during the contract term.

How long is the initial term of RWAX’s Technology Services Agreement with Alpenhaus?

The Technology Services Agreement has an initial term of one year, with automatic one-year renewals unless either party provides 90 days’ notice of non-renewal. Either party can terminate for cause if a material breach is not cured within 30 days.

What tokenization rights did RWAX receive for Zermatt Resort?

Alpenhaus granted TAP Real Estate the exclusive rights to tokenization services related to Zermatt Resort. Any tokenization work by TAP Real Estate for Alpenhaus would be carried out under a separate agreement governing those services.

What prior transaction did RWAX reference involving the TAP Registry and loan repayment?

TAP Real Estate referenced using the TAP Registry to memorialize the completed repayment of more than $7 million in loans tied to The Slope, a mountain village and Andaz residences project in the Midway-Heber corridor near Deer Valley East.

What role will Zermatt Resort play in TAP Real Estate’s broader platform strategy?

Zermatt will serve as a pilot property for TAP Real Estate’s Consumer, Pro and Enterprise web platform subscriptions, integrating TAP Registry, TAP Pay and tokenization tools into one digital operating model covering capitalization, upgrades, operations and guest experience.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
false 0001119190 0001119190 2026-09-09 2026-09-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 9, 2026

 

TAP Real Estate Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   000-31267   27-1296318
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

101 W. Broadway    
Suite 1450    
San Diego, CA   92101
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (786) 738-9012

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.00001   RWAX   OTCID

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

Subscription Agreement

 

On September 9, 2026, TAP Real Estate Technologies, Inc. (the “Company”) entered into a Subscription Agreement (the “Subscription Agreement”) with Alpenhaus Resort, LLC (“Alpenhaus”) for the purchase of a 2% equity interest in Alpenhaus. The Company previously entered into an Option Agreement with Wasatch Springs Management Holdings, LLC (“Wasatch Springs”) for an option to purchase the Zermatt Resort in Midway, Utah. Pursuant to the Subscription Agreement, the Company transferred the Option Agreement to Alpenhaus in exchange for 2% of the limited liability company membership interests in Alpenhaus. On September 9, 2026, Alpenhaus closed on the purchase of the Zermatt Resort from Wasatch Springs.

 

The foregoing description of the Subscription Agreement does not purport to be complete and is qualified in its entirety by reference to the Subscription Agreement which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

 

Technology Services Agreement

 

On September 9, 2026, the Company entered into a Technology Services Agreement with Alpenhaus to provide digital infrastructure and strategic technology services to the Zermatt Resort (the “Tech Services Agreement”). As part of the Tech Services Agreement, the Company will also provide Alpenhaus with access to the Company’s real estate technology platform.

 

Pursuant to the Tech Services Agreement, Alpenhaus has agreed to pay the Company an upfront technology platform fee of $60,000 payable within three business days of execution of the agreement and $6,000 per month for the ongoing provision of the services. The initial term of the Tech Services Agreement is one year. The term of the agreement will automatically renew in one-year increments after the initial term unless either party provides 90 days’ notice of non-renewal. Either party may terminate the agreement for cause if a material breach is not cured within 30 days of notice of such breach. The Tech Services Agreement also grants the Company the exclusive rights to any tokenization services related to the Zermatt Resort. Any tokenization services provided by the Company to Alpenhaus would be performed pursuant to a separate agreement.

 

The foregoing description of the Tech Services Agreement does not purport to be complete and is qualified in its entirety by reference to the Tech Services Agreement which is filed as Exhibit 10.2 to this Current Report on Form 8-K.

 

Item 7.01 Regulation FD Disclosure.

 

On September 10, 2026, the Company issued a press release announcing the Subscription Agreement and the Tech Services Agreement.

 

A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information contained in this Item 7.01, including Exhibit 99.1, is being “furnished” and shall not be deemed filed for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section or Sections 11 and 12 (a)(2) of the Securities Act. The information in this Item 7.01, including Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act or into any filing or other document pursuant to the Exchange Act, except as otherwise expressly stated in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

  Exhibits    
       
  10.1   Subscription Agreement between the Company and Alpenhaus dated effective as of September 9, 2026.
  10.2   Technology Services Agreement between the Company and Alpenhaus dated effective as of September 9, 2026.
  99.1   Press Release of the Company dated September 10, 2026
  104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: September 10, 2026 TAP Real Estate Technologies, Inc.
     
  By: /s/ Gregory Hopkins
    Gregory Hopkins, CEO

 

 

 

 

Exhibit 99.1

 

TAP Real Estate Secures Agreement to Digitize Zermatt Resort in Utah From Capitalization-to-Checkout; Delivering a New Technology Model for Hospitality Ownership, Tokenized Issuances & the Lifecycle Management of Real Estate

 

TAP Real Estate is a next-generation real estate company providing residential and commercial property owners with digital technology management services across their property’s lifecycle; as well as the preparation and issuance of tokenized offerings into the market. The agreement includes a technology services contract, equity ownership, tokenization exclusivity and a repeatable business model for TAP Real Estate in commercial and hospitality markets.

 

Midway, UT and San Diego, CA, September 10, 2026 (GLOBE NEWSWIRE): TAP Real Estate Technologies, Inc. (OTC: RWAX) announced today that it has entered into a Technology Services Agreement with Alpenhaus Resort, LLC, the new owner and operator of Zermatt Resort in Midway, Utah, to provide the digital infrastructure and strategic technology services supporting the existing resort and its planned upgrade.

 

TAP Real Estate will serve as the digital infrastructure, tokenization and technology service provider. This distinction is central to the model: TAP Real Estate supplies the connected operating infrastructure around the asset without replacing the people, entities, licensed parties or property systems that legally control the resort. Pursuant to the agreement, Alpenhaus agreed to pay TAP Real Estate a $60,000 upfront technology platform fee and ongoing $6,000 monthly technology service fees. Alpenhaus also granted TAP Real Estate the exclusive right to act as its tokenization services provider. The initial term of the agreement is one year, with automatic one-year extensions unless either side provides notice of termination.

 

Equity ownership in a historic Utah resort located in one of the fastest-growing U.S. recreation corridors, with plans for significant modernization.

 

Separately, TAP Real Estate received a 2% ownership interest in Alpenhaus. TAP Real Estate received this ownership stake in exchange for the transfer of its purchase option for the Zermatt Resort to Alpenhaus.

 

Under Alpenhaus, the historic Zermatt Resort and grounds are expected to undergo a significant property improvement program under its new ownership. The plan is intended to transform the existing resort into an upgraded four-star, four-season destination while modernizing its rooms, public spaces, meetings and group facilities, wellness experiences, operating systems and guest services, and more.

 

The Zermatt Resort offers convenient access to Deer Valley Resort’s expanding ski terrain, Soldier Hollow and other Utah 2034 Winter Olympics venues, cycling, championship golf, Blue-Ribbon fly fishing on the Provo River, nearby ATV rentals, boating, paddleboarding and jet skiing at Deer Creek and Jordanelle reservoirs.

 

Located in Midway, Utah, approximately 45 minutes from Salt Lake City International Airport, Zermatt sits within one of the Mountain West’s most concentrated four-season recreation corridors. Midway, Utah, boasts one of the highest per capita income levels of any city in Utah and is a fast-growing corridor for technology executives, second homes and relocation from other states to the “Silicon Slopes.”

 

1
 

 

Zermatt boasts 65,000 square feet of convention, meeting and exhibition space, making it one of the most desirable group destinations in the region. Learn more about the Zermatt digital operating model and planned transformation at: TAPRealEstate.com/zermatt.

 

A digital model from capitalization-to-checkout for the next generation of property owners

 

The TAP Real Estate technology engagement is designed to establish a repeatable business model for the full lifecycle of a hospitality or commercial asset consisting of flat fees, equity and performance incentives, depending on the relationship with each owner or property.

 

The TAP Real Estate business model establishes multiple revenue streams per property in exchange for subscription technologies, digital payments, registry and asset recordation and tokenization services:

 

1.Platform Fees
 2.Technology Services Fees
3.Tokenization Fees
4.Equity Ownership in Select Properties

 

Traditional property technology separates capitalization, ownership administration, renovation records, hotel systems, vendor workflows, payments and guest engagement. TAP Real Estate’s approach connects those layers while preserving the authority, privacy and legal boundaries of each participant, creating a new model for a digital-first real estate technology company built for the significant changes ahead across one of the world’s largest asset classes

 

TAP Real Estate: One platform, multiple technology solutions for property owners

 

TAP Real Estate is developing a next-generation real estate technology company that can service the digital lifecycle of renters, homeowners and commercial property operators. Its core website, TAPRealEstate.com, delivers AI, market intelligence, tokenization information, payments, investing and an asset registry in one place for consumers, property owners and tokenized issuers.

 

As part of the TAP Real Estate subscription layer, Zermatt will serve as the pilot property for bringing together all three audience-specific editions of the TAP Real Estate web platform. The services share one TAP identity, registry, communications, property data, payment rails and permission controls, while offering multiple layers of targeted services across payments, documents, repairs, service providers, and asset registry.

 

Consumer Subscription: Serves authorized owners, investors and guests through property information, statements, notices, votes, payments, services and guest experiences.

 

Pro Subscription: Connects service providers to requests, communication, jobs, quotes, schedules, invoices, payment requests and the retained property record.

 

Enterprise Subscription: Supports ownership administration, the physical asset, the property improvement program, investor reporting and approved operating integrations.

 

2
 

 

Further, TAP Pay adds verified internal transfers, payment requests, ACH, real-time payments, domestic wires and native stablecoin send and receive, including USDC, where eligible and enabled. TAP Wallet’s blockchain payment infrastructure is supported by U.S. Patent No. 12,118,613 B2, System and Method for Transferring Currency Using Blockchain, through technology licensed from TAP, Inc. The TAP Registry provides digital recordation of assets in order to prepare owners to more seamlessly become issuers of tokenized offerings, verified ownership and capital formation.

 

In the future, as TAP Real Estate and its partners at TAP, Inc. begin to tokenize more properties for investment, the companies may also look to create new TAP Strategies that can accompany various real estate themes, sectors or regions into new investment baskets; further digitizing the future of real estate into a more programmable, investable asset class beyond just singular buyers and sellers.

 

“As the world’s leading trading exchanges continue to pilot 24/7, tokenized formats, it is anticipated that more ways to invest into real estate, ranging from tokenized stocks to real-world assets and prediction markets will become available. We believe that property owners will need end-to-end support to digitize their documents, title, registry and operations as they become issuers into the public markets, and TAP Real Estate will serve as a new kind of real estate company to help them do that, very similar to how investment banks emerged around the traditional equities markets for corporate issuers,” continued Hopkins.

 

A property that remembers across investors, guests, ownership and service providers

 

TAP Real Estate for Enterprise organizes the digital organization, recordation and improvement program tracking for rooms, suites, public areas, amenities, equipment, warranties, inspections and preventive maintenance. The objective is simple: the hotel asset keeps its verified history, while confidential documents and personal data remain private and permissioned.

 

The TAP Registry is expected to preserve a digital property passport covering approved ownership, transaction and material asset events. TAP previously used the TAP Registry to memorialize the completed repayment of more than $7 million in loans tied to The Slope, a new mountain village and Andaz residences property along the growing Midway-Heber resort corridor, just minutes from Deer Valley East.

 

The relationship with Zermatt Resort extends the TAP Real Estate model from the digital and blockchain recording of a completed transaction at The Slope, to the entire process of capitalization, property improvements, tokenization and the continuing lifecycle of property management and operations.

 

Using the digital organization and documentation delivered by TAP Real Estate, potential future tokenized capitalization of Zermatt will represent approved equity interests in the designated issuer while recorded title remains in the applicable property-owning entity and the legally operative capitalization table remains controlling. Tokenization changes the format and administration of ownership. It does not replace applicable laws, securities requirements, title records, investor protections or transfer restrictions using the TAP Invest and TAP Registry platform.

 

A repeatable model for TAP Real Estate

 

The engagement covers the initial digital foundation, tokenized capitalization, continuing owner and investor administration, property operations, verified payments, guest workflows and approved future capital events.

 

Digital foundation. Property records, access controls, integrations and the Zermatt digital property environment.

 

Ownership and capital. Token design, issuance, cap-table synchronization, onboarding, reporting, distributions, votes, consents and approved transfers.

 

Operations and payments. The Enterprise, Consumer and Pro editions, TAP Registry, TAP Pay and approved workflows for the upgrade, asset, service network and guest experience.

 

3
 

 

“A property should not lose its digital operating memory every time an owner, manager or service provider changes,” said Gregory Hopkins, Chief Executive Officer of TAP Real Estate. “At Zermatt, we are building from capitalization to checkout: one permissioned digital backbone connecting ownership, the upgrade, operations, payments and the connected guest experience.”

 

About TAP Real Estate Technologies, Inc.

 

TAP Real Estate Technologies, Inc. (OTC: RWAX) develops connected infrastructure for real estate ownership, transactions, property administration and real-world asset markets. TAPRealEstate.com Consumer, Pro and Enterprise subscriptions bring together property intelligence, digital records, verified payments, investing and tokenization through one integrated platform. The ecosystem integrates technologies licensed from TAP, Inc. For more information, visit https://TAPRealEstate.com.

 

About Alpenhaus Resort, LLC

 

Alpenhaus Resort, LLC is the new owner and operator of Zermatt Resort in Midway, Utah. The company is leading a comprehensive upgrade of the existing property, planned as a four-star, four-season resort, subject to the applicable property improvement program, hotel brand requirements and approvals.

 

No Offer of Securities

 

This press release does not constitute an offer to sell or a solicitation of an offer to buy any security, digital asset or ownership interest. Any offering, token issuance or investment transaction will be made only under definitive documents, in compliance with applicable law, and through appropriately licensed or registered parties when required. No representation is made that any token or ownership interest will be transferable or have a secondary market.

 

Digital Payments and Digital Asset Disclosures

 

TAP Real Estate Technologies, Inc. and TAP, Inc. are not banks or broker-dealers. Banking and external payment services are provided through participating banking and payments partners, subject to eligibility, partner approval, network availability, program terms and applicable law. FDIC insurance applies only to eligible deposits held at participating program banks, subject to applicable limits and terms. It does not apply to stablecoins, digital assets, securities, investment products or funds held or moved outside eligible deposit accounts. References to USDC or other supported digital-dollar rails do not guarantee availability for every user, account, transaction or Zermatt use case.

 

Forward-Looking Statements

 

This press release contains forward-looking statements regarding, among other matters, the Zermatt upgrade and potential implementation and integration of TAP technologies; expected annual agreement value and revenue; TAP’s ownership interest; tokenization and token issuance; stablecoin and other payment capabilities; property, owner, investor and guest experiences; future capital activities; TAP Real Estate Tokenized Asset Portfolios; and potential investment or secondary-market availability. These statements are based on current expectations and involve risks and uncertainties. Future products, integrations, financings, token issuances, payment availability, liquidity, secondary markets, and development milestones are not guaranteed. TAP Real Estate Technologies, Inc. undertakes no obligation to update forward-looking statements except as required by law.

 

Media Contact

 

TAP Real Estate Technologies, Inc. | Investor Relations | info@taprealestate.com | https://taprealestate.com

 

4

 

Filing Exhibits & Attachments

6 documents

Keep reading