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Stock impact report

reAlpha Tech Corp. Announces Financial Results for the Transition Period ended December 31, 2023 and Provides Business Update [Yahoo! Finance]

reAlpha Tech Corp. (AIRE) 
Company Research Source: Yahoo! Finance
company focused on developing, utilizing and commercializing real estate-focused artificial intelligence ("AI") technologies, today provides a business update and reports financial results for the eight month period ended December 31, 2023. In accordance with a change of its fiscal year end from April 30 to December 31, effective as of December 31, 2023, the Company is reporting results for the transition period between May 1, 2023 and December 31, 2023. "2023 marked a pivotal chapter in reAlpha's journey," said Giri Devanur, Chief Executive Officer of reAlpha. "We successfully debuted on the Nasdaq Capital Market in October, raised $8.0 million in gross proceeds through a public offering in November, and introduced GENA, our AI-powered real estate technology, to kick-start our goal to commercialize our technologies. Additionally, with the execution of definitive agreements to acquire Naamche, Inc. and Naamche Inc. Pvt. Ltd., coupled with a non-binding letter of intent to acquire Un Show less Read more
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