other_material
confidence high
sentiment negative
materiality 0.90
reAlpha exchanges $350K prom note for 1.27M shares; no longer a controlled company
reAlpha Tech Corp.
- Exchanged $350,000 Partitioned Note for 1,267,656 common shares at $0.2761 per share with Streeterville Capital.
- Remaining note balance reduced to $4,080,170.82 as of July 3, 2025.
- Giri Devanur no longer holds >50% voting power; company ceases to be a controlled company under Nasdaq rules.
- Shares issued under Section 3(a)(9) exemption; no additional consideration paid.
- Total shares outstanding post-issuance: 56,106,712 as of July 7, 2025.
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