UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): September 8, 2025
reAlpha Tech Corp. |
(Exact name of registrant as specified in its charter) |
Delaware |
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001-41839 |
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86-3425507 |
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(State or other jurisdiction of incorporation or organization) |
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(Commission File Number) |
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(I.R.S. Employer Identification Number) |
6515 Longshore Loop, Suite 100, Dublin, OH 43017
(Address of principal executive offices and zip code)
(707) 732-5742
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
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Trading symbol(s) |
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Name of each exchange on which registered |
Common Stock, par value $0.001 per share |
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AIRE |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
As previously reported, reAlpha Tech Corp. (the “Company”) received written notice from Glenn Groves (the “Seller”), the President and Chief Executive Officer of GTG Financial, Inc. (“GTG Financial”), a wholly-owned subsidiary of the Company, on August 21, 2025, notifying the Company of his decision to exercise his right to rescind the transactions contemplated by that certain Stock Purchase Agreement (the “Rescission”), by and among GTG Financial, the Seller and the Company, dated February 20, 2025 (the “Agreement”).
On September 8, 2025, the Company, GTG Financial and the Seller executed a rescission certificate (the “Certificate”) to memorialize the Rescission and the related disposition of GTG Financial by the Company (the “Disposition”), pursuant to which, the parties have agreed to deem the Disposition, and all actions taken to effectuate the Rescission and the Disposition, to be effective as of August 21, 2025, the date that the Company received the written notice from the Seller. Further, the Certificate sets forth that the parties have agreed that all actions required to effectuate the Rescission and the Disposition have been satisfied, including that (i) the Company has returned to the Seller 100% of the issued and outstanding shares of common stock of GTG Financial; (ii) the Seller has returned to the Company 14,063 shares of the Company’s Series A Convertible Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”); and (iii) the Seller has returned to the Company 700,055 shares of the Company’s common stock, par value $0.001 per share, which shares of Series A Preferred Stock and common stock will no longer be deemed issued and outstanding. All rights of the Seller as a stockholder of the Company have ceased and terminated in connection with the execution of the Certificate, effective as of August 21, 2025. In addition, in accordance with the Certificate, that certain Employment Agreement, dated as of February 20, 2025, between the Company and the Seller, shall be deemed rescinded, rather than terminated, effective as of August 21, 2025, and the parties have agreed that no obligations, rights or liabilities remain thereunder.
The Certificate also includes a mutual non-solicitation covenant and a mutual release of claims relating to the Agreement and the transactions contemplated thereunder. As a result of the Rescission and the Disposition, GTG Financial is no longer a subsidiary of the Company, and it no longer forms a part of the Company, effective as of August 21, 2025.
The foregoing description of the Certificate in this Current Report on Form 8-K does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to the full text of the Certificate, a copy of which is attached hereto as Exhibit 2.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number |
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Description |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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: September 11, 2025 |
reAlpha Tech Corp. |
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By: |
/s/ Michael J. Logozzo |
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Michael J. Logozzo |
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Chief Executive Officer |
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EXHIBIT 2.1

reAlpha Tech Corp.
6515 Longshore Loop, Suite 100, Dublin, OH 43017
www.realpha.com
RESCISSION CERTIFICATE
September 8, 2025
This Rescission Certificate is delivered pursuant to: (i) that certain Stock Purchase Agreement, dated as of February 20, 2025 (the “Agreement”), by and between reAlpha Tech Corp., a Delaware corporation (the “Buyer”), GTG Financial, Inc., a California corporation (the “Company”) and Glenn Groves (the “Seller”) and (ii) that certain rescission notice, dated as of August 21, 2025 from Seller. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
The undersigned hereby certify and acknowledge the following:
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| 1. | Right to Rescind. Pursuant to Section 1.02(a)(iv)(1) of the Agreement, the Seller has duly and validly exercised its right to rescind the transactions contemplated by the Agreement in accordance with the terms thereof and applicable law. The parties agree that such rescission shall have the legal effect of restoring each party to the status quo ante, as though the Agreement and related transactions had never occurred. |
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| 2. | Return of Consideration. In accordance with the terms of the Agreement: |
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| (a) | The 100,000 shares of the Company’s common stock (the “Shares”) have been returned to the Seller, with no further action required by the Buyer or the Seller, and Buyer has retained no interest, title, or claim to the Shares. |
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| (b) | The consideration originally paid by the Buyer, consisting of (i) $281,250 in 14,063 shares of the Buyer’s Series A preferred convertible stock, par value $0.001 per share, and (ii) $1,287,000 in 700,055 restricted shares of Buyer’s common stock, par value $0.001 per share ((i) and (ii) collectively, the “Buyer Consideration”), has been returned to Buyer and Seller has retained no interest, title, or claim in the Buyer Consideration. No further payment, equity transfer, or other obligation remains outstanding in connection with the Agreement. |
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| (c) | Neither party has exercised any shareholder rights, received dividends, or otherwise taken action inconsistent with rescission as of the Effective Date (as defined below). |
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| 3. | Rescission of Employment Agreement. For the avoidance of doubt, the Employment Agreement shall be deemed rescinded, and not merely terminated. The parties acknowledge and agree that no obligations, rights, or liabilities remain thereunder. |
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| 4. | Effective Date. All actions required under the Agreement to effectuate and finalize the rescission have been duly completed and are legally effective as of August 21, 2025 (the “Effective Date”). |
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| 5. | Mutual Release. As of the Effective Date, each party, on behalf of itself and its respective affiliates, successors, and assigns, irrevocably and unconditionally releases and discharges the other party and its affiliates, shareholders, officers, directors, employees, agents, attorneys, successors, and assigns from any and all claims, demands, liabilities, damages, causes of action, and obligations of any kind whatsoever, whether known or unknown, suspected or unsuspected, arising out of or relating to the Agreement, the transactions contemplated thereby, or any ancillary agreements. |

reAlpha Tech Corp.
6515 Longshore Loop, Suite 100, Dublin, OH 43017
www.realpha.com
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| 6. | Mutual Employee Non-Solicitation. For a period of twelve (12) months following the Effective Date of this Certificate, neither Party shall, directly or indirectly, solicit for employment or engagement (whether as an employee, consultant, or contractor) any person who is, as of the Effective Date, employed by or actively engaged with the other party; provided, however, that this restriction shall not apply to (i) general solicitations of employment not specifically directed at employees or contractors of the other Party (such as job advertisements posted on public job boards), or (ii) any person who responds to such a general solicitation of their own initiative. |
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| 7. | Compliance with Applicable Law. The parties acknowledge that this section is intended to comply with the laws of the State of California, including California Business and Professions Code §16600, and shall be interpreted and enforced accordingly. If any provision of this Section is found to be overbroad or unenforceable under applicable law, it shall be modified and enforced to the maximum extent permitted. |
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| 8. | Authority; No Reliance. Each party represents and warrants that it has full power and authority to execute and deliver this Certificate, and that the execution, delivery, and performance of this Certificate has been duly authorized. Each party further acknowledges that it is not relying on any representation or warranty other than as expressly set forth herein or in the Agreement. |
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| 9. | Tax and Regulatory Compliance. Each party shall be solely responsible for any tax, regulatory, or reporting obligations arising from the rescission and acknowledges that it has had the opportunity to consult its own tax and legal advisors. |
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| 10. | Governing Law. All matters arising out of or relating to this Certificate shall be governed by and construed in accordance with the internal laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction). |
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| 11. | Counterparts. This Certificate may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Certificate delivered by email or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Certificate. |
[Signature page follows]

reAlpha Tech Corp.
6515 Longshore Loop, Suite 100, Dublin, OH 43017
www.realpha.com
IN WITNESS WHEREOF, the undersigned have executed this Rescission Certificate as of the Effective Date.
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| reAlpha Tech Corp. |
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| By: | /s/ Michael J. Logozzo |
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| Name: | Michael J. Logozzo |
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| Title: | Chief Executive Officer |
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| GTG Financial, Inc. |
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| By: | /s/ Glenn Groves |
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| Name: | Glenn Groves |
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| Title: | President/Chief Executive Officer |
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| Seller |
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| By: | /s/ Glenn Groves |
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| Name: | Glenn Groves |
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