reAlpha Announces Pricing of $8.0 Million Public Offering

reAlpha Tech Corp. ("reAlpha") (NASDAQ: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence to drive efficiency, sustainability and growth, today announced the pricing of its public offering of 1,600,000 units (the “Offering”), with each unit consisting of one share of common stock and one and a half warrants to purchase one and a half shares of common stock. Each unit is being sold at a public offering price of $5.00. The warrants will be immediately exercisable at a price of $5.00 per full share and will expire five years from the date of issuance. The shares of common stock and accompanying warrants can only be purchased together in this Offering, but will be issued separately and will be immediately separable upon issuance.

Gross proceeds, before deducting placement agent fees and other Offering expenses, are expected to be approximately $8.0 million. The Offering is expected to close on November 24, 2023, subject to customary closing conditions.

Maxim Group LLC is acting as sole placement agent in connection with this Offering.

The securities described above are being offered pursuant to a registration statement on Form S-11 (File No. 333-275604) (as amended, the “Registration Statement”), which was declared effective by the Securities and Exchange Commission (the "SEC") on November 21, 2023. The Offering is being made only by means of a prospectus which is a part of the Registration Statement. A preliminary prospectus relating to the Offering has been filed with the SEC. Copies of the final prospectus relating to this Offering, when available, will be filed with the SEC and may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, at [phone].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About reAlpha

reAlpha Tech Corp. (NASDAQ: AIRE) is a real estate technology company with a mission to develop, utilize and commercialize real-estate focused artificial intelligence to drive efficiency, sustainability and growth. Founded with a focus on short-term rental properties, reAlpha’s strategy involves developing and buying technologies aimed at democratizing access to this asset class. In addition to providing individual investors with access to short-term rentals, reAlpha plans to make some of its technologies available for commercial use on a licensing fee basis, pay-per-use basis or other fee arrangements. For more information about reAlpha, visit www.realpha.com.