Business Context and Reporting Period
Company: reAlpha Tech Corp. (Ticker: AIRE)
Filing Type: Form 8-K (Current Report)
Date of Report: April 2, 2025
Event: Entry into a Material Definitive Agreement (At The Market Offering Agreement).
Key Financial Metrics
This filing does not report historical revenue, profit, cash flow, margins, or debt levels. The primary financial metric disclosed is the potential capital raise:
- Maximum Offering Size: Up to $7,650,000 in aggregate offering price.
- Underwriter Commission: 3.0% of aggregate gross proceeds.
- Actual Proceeds: Not determinable at this time as there is no minimum offering amount required.
Material Changes
On April 2, 2025, the Company entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC. This agreement authorizes the sale of common stock (Placement Shares) from time to time through the sales agent. The shares are issued pursuant to a shelf registration statement on Form S-3 filed in November 2024.
Guidance, Outlook, and Use of Proceeds
Use of Proceeds: The Company expects to use proceeds for working capital and general corporate purposes, specifically including:
- Repayment of debt.
- Future acquisitions.
- Capital expenditures.
- Purchase of cryptocurrencies in accordance with the Company's cryptocurrency investment policy.
Termination: The Company may terminate the agreement at any time upon 5 Business Days' prior notice; the underwriter may terminate at any time.
Investor Verification Checklist
- Verify the current market price of AIRE common stock to assess potential dilution from future sales.
- Review the Company's specific "cryptocurrency investment policy" referenced for the use of proceeds.
- Monitor subsequent filings to determine if and when shares are actually sold under this agreement.
- Check the Company's current debt levels to evaluate the priority of debt repayment versus other uses of capital.