reAlpha Tech Corp. (AIRE) announced the completion of its acquisition of InstaMortgage Inc. on August 19, 2026. Following the merger, InstaMortgage will operate as a wholly-owned subsidiary of reAlpha. The total consideration for the acquisition is $8.5 million, structured as a mix of cash, stock, and deferred payments over three years.
Key Details
- Total Consideration: The aggregate merger consideration is $8,500,000, consisting of $500,000 in cash at closing, $1.5 million in common stock at closing, and $6.5 million in deferred payments.
- Payment Terms: The $6.5 million in deferred consideration is payable in six equal bi-annual installments over three years. These payments can be made in cash or common stock at the company's discretion, provided that at least $1.5 million of the deferred amount is paid in cash.
- Stock Issuance: The initial stock payment consisted of 119,903 shares of common stock, valued at $1.5 million based on a volume-weighted average price (VWAP) of $12.51 per share. All shares issued are subject to a six-month restrictive period.
- Closing Condition: The transaction closed after both parties agreed to waive a condition related to two outstanding, unspecified regulatory approvals.