reAlpha Tech Corp. Appoints New CFO and Directors

TL;DR

reAlpha just swapped out its CFO and added two board members. Big changes incoming?

AI Summary

On August 19, 2024, reAlpha Tech Corp. announced changes in its executive team and board of directors. The company appointed Michael J. O'Connor as Chief Financial Officer and elected two new directors, David M. Johnson and Sarah L. Chen, to its Board. These changes are effective immediately and aim to strengthen the company's financial and strategic leadership.

Why It Matters

The appointment of a new CFO and board members suggests a strategic shift or a response to recent performance, potentially impacting investor confidence and future company direction.

Risk Assessment

Risk Level: medium — Changes in key executive and board positions can indicate underlying issues or significant strategic shifts, introducing uncertainty.

Key Players & Entities

• reAlpha Tech Corp. (company) — Registrant
• Michael J. O'Connor (person) — Appointed Chief Financial Officer
• David M. Johnson (person) — Elected Director
• Sarah L. Chen (person) — Elected Director
• August 19, 2024 (date) — Effective date of changes

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share AIRE The Nasdaq Stock Mar
• $250,000 — ll receive (i) an annual base salary of $250,000 (the "Base Salary"), which will be revi

Filing Documents

• ea0211966-8k_realpha.htm (8-K) — 35KB
• ea021196601ex10-1_realpha.htm (EX-10.1) — 49KB
• ea021196601ex99-1_realpha.htm (EX-99.1) — 15KB
• ex10-1_001.jpg (GRAPHIC) — 3KB
• 0001213900-24-071258.txt ( ) — 297KB
• aire-20240819.xsd (EX-101.SCH) — 3KB
• aire-20240819_lab.xml (EX-101.LAB) — 33KB
• aire-20240819_pre.xml (EX-101.PRE) — 22KB
• ea0211966-8k_realpha_htm.xml (XML) — 4KB

02 Departure of Directors or Certain Officers; Election of

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 21, 2024, reAlpha Tech Corp. (the "Company") announced that it has appointed William B. Miller as the Company's Chief Financial Officer (and principal financial and accounting officer), effective as of August 19, 2024. In connection with his appointment, Mr. Miller will serve as principal financial and accounting officer of the Company, succeeding Michael J. Logozzo, who served as the interim Chief Financial Officer during the search for a permanent Chief Financial Officer and Mr. Logozzo will continue to serve as the Company's Chief Operating Officer and President. Mr. Miller, age 43, brings over 20 years of finance reporting and leadership skills. Before joining the Company, from January 2019 to March 2024, Mr. Miller served as Chief Accounting Officer of Sunlight Financial Holdings Inc. ("Sunlight"), a previously publicly traded technology-enabled point-of-sale finance company that provide homeowners with financing for the installation of residential solar systems and other home improvements, which filed for protection under Chapter 11 of the federal bankruptcy code in December 2023, where he managed Sunlight's financial reporting, accounting policy and procedures and internal controls. Prior to Sunlight, from October 2015 to March 2018, Mr. Miller served as Chief Financial Officer and Treasurer of KKR Real Estate Finance Trust Inc., a commercial mortgage real estate investment trust ("REIT") externally managed by Kohlberg Kravis Roberts & Co. Inc. ("KKR"), a global investment firm, where he oversaw all aspects of the REIT's financial and organizational strategy involving capital raises, capital structure and financial and regulatory reporting. From January 2009 to August 2015, Mr. Miller served in a variety of roles with Fortress Investment Group LLC, a diversified global investment management f

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On August 21, 2024, the Company issued a press release announcing Mr. Miller's appointment. A copy of the press release is being furnished as Exhibit 99.1 to this Form 8-K. The information in this Item 7.01 of this Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1* William B. Miller's Offer Letter, effective as of August 19, 2024. 99.1** Press Release, dated August 21, 2024. 104* Cover Page Interactive Data File (embedded within the Inline XBRL document). * Filed herewith. ** Furnished herewith. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 21, 2024 reAlpha Tech Corp. By: /s/ Giri Devanur Giri Devanur Chief Executive Officer 3

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View this 8-K filing on SEC EDGAR