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reAlpha Completes InstaMortgage Deal, Two State Approvals Pending

reAlpha Tech logoreAlpha Tech
Sig3.22Sen+1.18Env0.00Soc0.00Gov-0.43

reAlpha Tech completed its roughly $8.5 million acquisition of InstaMortgage on Aug. 19, with reAlpha potentially paying up to another $6.5 million over three years via cash or shares, including at least $1.5 million in cash. The combined platform now covers 38 states and Washington, D.C., though two state approvals were still outstanding. Trailing transaction volume rose 70% to $150.4 million, while Q2 revenue fell 11% to $1.1 million.

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