reAlpha Tech Corp. (AIRE): M&A transaction — reAlpha acquires 85% of AiChat for $1.14M in stock; remaining 15% by June 2025

reAlpha Tech Corp.

Total purchase price of $1.14M payable in three tranches of restricted shares starting Jan 2025.
reAlpha will also guarantee ~SGD 862K of AiChat's outstanding loans and infuse $300K into AiChat.
AiChat provides AI-powered conversational CX platform supporting over 250 languages; founder Kester Poh remains CEO.
Acquisition expected to enhance reAlpha's Claire homebuying platform and expand APAC market presence.

item 1.01 item 3.02 item 8.01 item 9.01 item 2.01

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 AiChat Pte. Ltd. for $1,140,000 (closed 2024-07-12).

Action: acquisition
Counterparty: AiChat Pte. Ltd.
Consideration: $1,140,000
Closing: 2024-07-12

Exact text from the filing

Acquisition Agreement, and pursuant to the terms and subject to the conditions of the Acquisition Agreement, the Company agreed to pay the Seller an aggregate purchase price of $1,140,000, consisting of: (i) $312,000 in restricted shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), based on a 10% discount to the 10 day volume

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

reAlpha Tech Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-061152

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