secwatch.observer — SEC 8-K summary
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Issuer:     reAlpha Tech Corp. (AIRE)
CIK:        0001859199
Form:       8-K/A
Filed at:   2026-09-23T12:55:17+00:00
Accession:  0001213900-26-102384
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

reAlpha closes $8.5M InstaMortgage acquisition; target posted $7.26M FY2025 revenue
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- Deal total ~$8.5M: $0.5M cash, $1.5M reAlpha stock, $6.5M over 6 semiannual installments (3 yrs), at least $1.5M in cash.
- InstaMortgage FY2025 (Dec 31): revenue $7.26M, net income $91K; period Aug 2024-Dec 2025: revenue $9.70M, net income $95K.
- Target equity at closing $1.27M; warehouse line $9.79M; loans held for sale $9.94M at fair value.
- CA, NY, GA made up ~70% of 2025 originations; InstaMortgage shifted fiscal year-end from July 31 to Dec 31.
- Audited financials + unaudited pro forma combined statements filed for FY2025 and six months ended June 30, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859199/000121390026102384/0001213900-26-102384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859199/000121390026102384/ea0303605-8ka1_realpha.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-102384

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