secwatch.observer — SEC 8-K summary
======================================

Issuer:     reAlpha Tech Corp. (AIRE)
CIK:        0001859199
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001213900-24-076696
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

reAlpha Tech Corp. acquires mortgage brokerage Be My Neighbor for up to $6M
---------------------------------------------------------------------------

- Consideration: $1.5M cash at close, $1.5M in restricted shares (1,146,837 shares at $1.31/share), and up to $3M in earn-out payments.
- Earn-out payments based on revenue and EBITDA thresholds over three successive 12-month measurement periods.
- Be My Neighbor is licensed in 26 U.S. states and adds mortgage lending/refinancing to reAlpha's AI-powered platform.
- Acquisition closed September 8, 2024; Sellers include co-founders Christopher Griffith and Isabel Williams.
- Be My Neighbor will continue operating under its brand while leveraging reAlpha's resources and generative AI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859199/000121390024076696/0001213900-24-076696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859199/000121390024076696/ea0213865-8k_realpha.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-076696

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer