reAlpha Tech Corp. has announced the pricing of a best efforts public offering expected to generate approximately $1.75 million in gross proceeds. The offering includes a combination of common stock and pre-funded warrants, with the company planning to use the net proceeds for working capital and general corporate purposes.
Key Details
- Offering Structure: The offering consists of 1,361,028 shares of common stock at $0.40 per share and 3,013,972 pre-funded warrants to purchase common stock at $0.3999 per warrant.
- Warrant Terms: Each pre-funded warrant is immediately exercisable for one share of common stock at an exercise price of $0.0001 per share and will remain exercisable until used in full.
- Timeline and Proceeds: The offering is expected to close on or about November 4, 2026. Gross proceeds are anticipated to be approximately $1.75 million before deducting placement agent fees and other expenses. Maxim Group LLC is acting as the exclusive placement agent.
- Restrictions: The company's directors and executive officers have entered into 45-day lock-up agreements. The company is also subject to a 180-day restriction on issuing additional common stock or equivalent securities, with certain exceptions.