other_material
confidence high
sentiment neutral
materiality 0.60
reAlpha Tech Corp. closes $2M public offering of common stock and warrants
reAlpha Tech Corp.
- Closed offering of 13,333,334 shares of common stock and Series A-1 and A-2 warrants for up to 13,333,334 shares each at $0.15 per unit.
- Gross proceeds of $2.0M; net proceeds of approximately $1.56M after offering expenses.
- Intends to use net proceeds for working capital, debt repayment, acquisitions, capital expenditures, and cryptocurrency purchases per policy.
- Series A-1 warrants expire 5 years; Series A-2 warrants expire 24 months from stockholder approval.
- H.C. Wainwright & Co. served as exclusive placement agent for the offering.
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