Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
reAlpha Tech Corp. entered into Stock Purchase Agreement with Naamche, Inc. Pvt. Ltd., the selling shareholders, and Ramesh Pathak as Sellers’ Representative valued at $50,000 in cash (effective 2023-12-03).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Naamche, Inc. Pvt. Ltd., the selling shareholders, and Ramesh Pathak as Sellers’ Representative
- Value
- $50,000 in cash
- Effective
- 2023-12-03
Exact text from the filing
Concurrently with the execution of the First Purchase Agreement, the Company also entered into a Stock Purchase Agreement, dated as of December 3, 2023 (the “Second Purchase Agreement,” and together with the First Purchase Agreement, the “Purchase Agreements”), by and among the Company, Naamche, Inc. Pvt. Ltd., a corporation formed in the country of Nepal, (“Nepal Naamche,” and together with U.S. Naamche, “Naamche”), the Sellers and the Sellers’ Representative, pursuant to which the Company agreed to acquire all of the issued and outstanding shares of capital stock of Nepal Naamche
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
reAlpha Tech Corp. entered into Stock Purchase Agreement with Naamche, Inc., the selling shareholders of U.S. Naamche, and Ramesh Pathak as Sellers’ Representative valued at 225,000 shares of restricted common stock and $450,000 in cash contingent on revenue targets (effective 2023-12-03).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Naamche, Inc., the selling shareholders of U.S. Naamche, and Ramesh Pathak as Sellers’ Representative
- Value
- 225,000 shares of restricted common stock and $450,000 in cash contingent on revenue targets
- Effective
- 2023-12-03
Exact text from the filing
On December 3, 2023, reAlpha Tech Corp. (the “Company”) entered into a Stock Purchase Agreement, dated as of December 3, 2023 (the “First Purchase Agreement”), by and among the Company, Naamche, Inc., a Delaware corporation and artificial intelligence (“AI”) studio (“U.S. Naamche”), the selling shareholders of U.S. Naamche identified therein (each a “Seller,” and, collectively, the “Sellers”), and Ramesh Pathak as the representative of the Sellers (the “Sellers’ Representative”), pursuant to which the Company agreed to acquire all of the issued and outstanding shares of capital stock of U.S. Naamche not already owned by the Company
View on SEC.gov