reAlpha Tech Corp. (AIRE) completed a 1‑for‑25 reverse stock split of its common shares on April 30 2026, reducing the number of outstanding shares from roughly 134.12 million to about 5.36 million. The split is reflected in trading on the Nasdaq Capital Market under the same ticker, AIRE, and the company’s new CUSIP number is 75607T204.
The reverse split was approved by shareholders at the company’s annual meeting on October 8 2025 and is intended to lift the per‑share price above Nasdaq’s $1.00 minimum bid‑price requirement, thereby preventing delisting. Fractional shares are rounded up to the nearest whole number, and preferred stock, warrants, and equity awards will be adjusted proportionally.
reAlpha’s financial performance has been a mix of rapid revenue growth and persistent losses. Fiscal 2025 revenue rose 376% to $4.5 million, yet the company remained unprofitable. In Q4 2025 the company reported an earnings‑per‑share of –$0.02, beating consensus of –$0.03, while in Q1 2026 revenue fell 9% year‑over‑year to $0.8 million, even as transaction volume surged 119% to $131.3 million. These results illustrate the company’s ability to grow transaction activity while still struggling to achieve profitability.
CEO Mike Logozzo said, “We appreciate Nasdaq’s decision to grant this extension, which provides continued flexibility as we execute our strategic and operational priorities.” He added that the company has “made measurable progress in strengthening our financial and operational foundation, expanding our real‑estate and mortgage platforms, reinforcing our balance sheet, simplifying our capital structure, and advancing our AI technology initiatives.” Former CFO Piyush Phadke noted, “I believe that this milestone underscores our commitment to maintaining financial discipline as we advance our broader strategy of scaling an AI‑powered, vertically integrated real‑estate platform.”
Investors reacted negatively to the reverse split announcement, citing concerns about reAlpha’s ongoing financial challenges and its failure to meet revenue expectations. The market’s response reflects the perception that the split is a compliance measure rather than a sign of improved fundamentals.
The reverse split restores Nasdaq listing status but does not address the underlying issues of recurring losses and high operating expenses. While the company’s AI‑driven platform and acquisition strategy aim to build a scalable, integrated real‑estate ecosystem, the current financial trajectory suggests that further operational and financial discipline will be required to achieve sustainable profitability. The event underscores the company’s need to balance growth initiatives with cost control and cash‑flow management to secure long‑term investor confidence.
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