reAlpha Tech Acquires 85% Of Outstanding Equity In AiChat Pte. Ltd.; To Acquire Remaining 15% On June 30, 2025; Total Purchase Price Is $1.14M
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reAlpha Tech has acquired 85% of AiChat Pte. Ltd. for $1.14 million, with plans to acquire the remaining 15% by June 30, 2025. The purchase price will be paid in shares of reAlpha Tech's common stock in three tranches starting January 1, 2025. Additionally, reAlpha Tech will infuse $300,000 into AiChat.
July 15, 2024 | 10:04 am
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reAlpha Tech has acquired 85% of AiChat for $1.14 million, with plans to acquire the remaining 15% by June 30, 2025. The deal will be paid in shares of reAlpha Tech's common stock, and the company will also infuse $300,000 into AiChat.
The acquisition of AiChat, an AI-powered conversational customer experience solutions provider, is likely to enhance reAlpha Tech's product offerings and operational efficiency. The payment in shares indicates confidence in the company's stock value, and the additional $300,000 infusion suggests a commitment to AiChat's growth.
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