ReAlpha Tech receives Nasdaq notice for non-compliance with market value rule

ReAlpha Tech Corp. (NASDAQ:AIRE) disclosed Tuesday that it received a written notice from the Nasdaq Stock Market LLC stating the company is not in compliance with Nasdaq Listing Rule 5550(b)(2). The rule requires companies listed on the Nasdaq Capital Market to maintain a minimum market value of listed securities of at least $35 million over a 30 consecutive business day period. According to InvestingPro data, the company’s current market capitalization stands at approximately $15.9 million, with its stock price declining nearly 90% over the past six months.

According to the company’s statement, the notice was based on the market value of reAlpha Tech’s listed securities for the previous 30 consecutive business days. The company has been granted 180 calendar days, until December 29, 2025, to regain compliance. To do so, reAlpha Tech’s market value of listed securities must close at $35 million or higher for a minimum of ten consecutive business days. The company noted that Nasdaq staff may extend this period at their discretion.

The notice does not have an immediate effect on the listing of reAlpha Tech’s common stock, which will continue to trade on the Nasdaq Capital Market.

ReAlpha Tech also stated that it previously received a deficiency letter on May 20, 2025, indicating non-compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1 per share. The company was given until November 17, 2025, to regain compliance with the minimum bid price requirement.

If reAlpha Tech does not regain compliance with either the market value or minimum bid price requirements before the respective deadlines, Nasdaq staff will provide written notice that the company’s common stock is subject to delisting. The company would then have the opportunity to appeal the determination to a Nasdaq Hearing Panel.

ReAlpha Tech said it will continue to monitor its market value and share price as it considers options to regain compliance. The company noted there is no assurance that it will meet the requirements.

All information is based on a statement filed in a Form 8-K with the Securities and Exchange Commission.

In other recent news, reAlpha Tech Corp. announced the appointment of Mike Logozzo as its new Chief Executive Officer, marking a significant leadership change. The company also reported its first-quarter 2025 financial performance, revealing revenues of $0.9 million and an adjusted EBITDA loss of $2.0 million. While revenues surpassed expectations, the adjusted EBITDA fell short. Maxim Group responded by lowering its price target for reAlpha to $1.25 but maintained a Buy rating, citing expected benefits from the company’s ancillary services and recent strategic acquisitions. Additionally, reAlpha fulfilled a partial debt redemption with Streeterville Capital, paying $450,000 and committing to an additional $95,000 payment. The company continues to manage its financial obligations under a secured promissory note agreement. In another strategic move, reAlpha appointed Cristol Rippe as the new Chief Marketing Officer to enhance its brand and marketing strategies. Rippe’s appointment is part of reAlpha’s broader strategy to scale operations and strengthen its market presence. These developments highlight reAlpha’s ongoing efforts to innovate and expand within the real estate sector.

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