reAlpha Tech acquires GTG Financial mortgage brokerage for up to $4.2M mix of stock, cash, earn-outs

reAlpha Tech Corp.

Acquired GTG Financial for up to $4.2M in preferred stock, restricted shares, cash, and earn-outs.
Consideration includes 14,063 Series A Preferred shares ($281,250), 700,055 restricted shares ($1,287,000), $1,344,750 cash, up to $1,287,000 earn-out.
GTG is licensed in 7 states; expands reAlpha's mortgage operations to 28 states.
Streeterville Capital consented to the acquisition, waiving restrictive issuance covenant.
Series A Preferred filed: $20 stated value, 3% dividend, convertible, 3-year term.

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Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

reAlpha Tech Corp.: Filed Certificate of Designation for Series A Convertible Preferred Stock, designating 1,000,000 shares as Series A Preferred Stock with stated value, conversion price, voting rights, dividends, liquidation preferences, and conversion terms (effective 2025-02-20).

Change: charter amendment
Effective: 2025-02-20

Exact text from the filing

On February 20, 2025, the Company filed the Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock (the “Certificate of Designation”) with the Secretary of State of the State of Delaware, designating 1,000,000 shares of the 5,000,000 shares of the authorized but unissued class of the Company’s stock known as preferred stock as Series A Convertible Preferred Stock (the “Series A Preferred Stock”).

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87 governance changes filed in the last 30 days. Browse all governance changes →

reAlpha Tech Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-016325

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