reAlpha Tech Corp. (AIRE): M&A transaction — reAlpha completes acquisition of Naamche, adding 43 AI engineers

reAlpha Tech Corp.

Acquired 100% of Naamche (U.S. and Nepal entities) for cash and equity; closed May 6, 2024.
Added 43 AI engineers, developers, UX designers; Naamche engineered reAlpha's Claire AI platform for commission-less real estate.
Regulatory approval from Nepal Department of Industries received March 6, 2024; certain closing conditions waived by reAlpha.
Naamche's expertise in AI/ML to enhance reAlpha's product portfolio and R&D.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

reAlpha Tech Corp. completed an acquisition involving Sellers of Naamche, Inc. and Naamche, Inc. Pvt. Ltd. (closed 2024-05-06).

Action: acquisition
Counterparty: Sellers of Naamche, Inc. and Naamche, Inc. Pvt. Ltd.
Closing: 2024-05-06

Exact text from the filing

On May 6, 2024, the Company completed the Acquisitions upon the satisfaction of the closing conditions set forth in the Purchase Agreements

View on SEC.gov

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reAlpha Tech Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-040159

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