Realpha tech corp. announces exercise of warrants for $3.1 million gross proceeds

Dublin, ohio, april 07, 2025 (globe newswire) -- realpha tech corp. (nasdaq: aire) (the “company” or “realpha”), a real estate technology company developing and commercializing artificial intelligence (“ai”) technologies, today announced the entry into definitive agreements for the immediate exercise of certain outstanding warrants to purchase up to an aggregate of 4,218,751 shares of common stock of the company originally issued in november 2023, having an exercise price of $1.44 per share, at a reduced exercise price of $0.75 per share. the shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on form s-3 (no. 333-284234). the gross proceeds to the company from the exercise of the warrants are expected to be approximately $3.1 million, prior to deducting placement agent fees and estimated offering expenses.
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