reAlpha Tech Corp. Announces Closing of Warrant Exercise
DUBLIN, Ohio, April 09, 2025 – reAlpha Tech Corp. (Nasdaq: AIRE), a real estate technology company developing AI technologies, announced the closing of its previously announced exercise of certain outstanding warrants to purchase up to 4,218,751 shares of common stock. The exercise price was reduced to $0.75 per share from $1.44. The shares issued upon exercise are registered under an effective registration statement on Form S-3 (No. 333-284234).
The gross proceeds to the Company were approximately $3.1 million before deducting placement agent fees and offering expenses. H.C. Wainwright & Co. served as the exclusive placement agent. In consideration for the immediate exercise, reAlpha issued new unregistered warrants to purchase up to 8,437,502 shares at $0.75 per share. These new warrants will be exercisable upon stockholder approval and expire on November 24, 2028.
reAlpha intends to use the net proceeds for general working capital purposes. The new warrants were offered in a private placement exempt from SEC registration requirements. The Company has agreed to file a registration statement covering the resale of shares issuable upon exercise of the new warrants.
As part of the offering, reAlpha reduced the exercise price for all outstanding November 2023 warrants (8,333,333 shares) to $0.75 per share. This press release does not constitute an offer to sell or solicitation to buy these securities in any jurisdiction where such offer or sale would be unlawful.
About reAlpha Tech Corp.
reAlpha Tech Corp. (Nasqad: AIRE) is developing an end-to-end commission-free homebuying platform using AI and an acquisition-led growth strategy to offer a more affordable homebuying experience.
Forward-Looking Statements
This press release contains forward-looking statements regarding receipt of stockholder approval, use of net proceeds, and other matters. These statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Factors that may cause such differences include reAlpha’s ability to pay contractual obligations, liquidity, technology acceptance, and regulatory compliance, among others. Readers are cautioned not to rely unduly on these forward-looking statements.
