reAlpha Tech Corp. (AIRE) Form S-1 — Oct 22, 2026
reAlpha Tech Corp. (AIRE) filed an S-1 for a best-efforts offering of up to 2,727,272 shares (or pre-funded warrants) at an assumed $1.10 per share, targeting up to $3.0 million gross with no minimum amount required. Maxim Group LLC is sole placement agent, and the offering terminates November 15, 2026. The filing discloses severe going-concern risk: the auditor flagged substantial doubt, current cash supports less than one month of operations, and even a fully subscribed raise only extends runway to roughly four months.
Key figures
- Gross Proceeds
- 3000000
- Offering Price
- 1.1
- Shares Offered
- 2727272
- Total Debt
- 300759
- Net Proceeds
- approximately $2.52 million
- Last Sale Price
- $1.02 (October 21, 2026)
- Cash June302026
- 2230607
- Dilution Per Share
- $2.08 immediate dilution to new investors
- Prefunded Warrants
- up to 2,727,272 pre-funded warrants at $1.0999 with $0.0001 exercise price
- Reverse Split Ratio
- 1-for-25 (April 30, 2026)
- Offering Termination
- November 15, 2026
- Cash Runway Pre Offering
- less than one month
- Cash Runway Post Offering
- approximately four months
- Shares Outstanding Pre Offering
- 6006624
- Shares Outstanding Post Offering
- 8733896
- Placement Agent Fee Reimbursement
- up to $150,000 (legal fees capped at $90,000)
AI analysis
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