reAlpha Tech (AIRE) Registration Filing summary

Company overview and business model

• Operates a real estate technology platform offering a commission-free, AI-driven homebuying experience, integrating mortgage, title, and escrow services with a focus on accessibility and transparency.

• Platform currently serves 20 counties in Florida, with plans for nationwide expansion by the end of 2026, contingent on scaling and market conditions.

• Revenue model centers on technology services, including mortgage and title services, and integration of acquired companies in the homebuying transaction vertical.

• Previously operated an asset-heavy rental business, now paused due to macroeconomic conditions; may resume if market conditions improve.

• Growth strategy includes both organic development and acquisitions of complementary businesses and technologies.

Financial performance and metrics

• As of November 14, 2024, public float was approximately $16.87 million, based on 11,966,782 shares held by non-affiliates at $1.41 per share.

• Common stock last traded at $0.98 per share on November 14, 2024.

• No securities have been offered or sold under General Instruction I.B.6 of Form S-3 in the prior 12 months.

Use of proceeds and capital allocation

• Net proceeds intended for working capital, general corporate purposes (including R&D, sales and marketing, and capital expenditures), and to support corporate strategy, including potential acquisitions.

• Management retains discretion over allocation and timing of expenditures, with investments in money market funds and investment-grade debt securities pending use.