ReAlpha (NASDAQ: AIRE) Completes InstaMortgage Acquisition, Adding Direct Lending Capabilities to Company’s Integrated Platform

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DUBLIN, Ohio, Aug. 21, 2026 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), an AI-powered real estate technology company, today announced it has completed its acquisition of InstaMortgage Inc., a multi-state mortgage lender with in-house underwriting and funding capabilities, on August 19, 2026. The transaction brings direct lending into reAlpha’s platform and marks a significant step in the Company’s effort to create an end-to-end homebuying experience. By bringing lending capabilities in-house, reAlpha believes it may gain greater control over execution while expanding its ability to serve homebuyers through both mortgage brokerage and direct-lending models. Under the terms of the Amended and Restated Merger Agreement, reAlpha acquired all outstanding shares of InstaMortgage for aggregate consideration of approximately $8.5 million, subject to certain closing adjustments. The consideration consists of $0.5 million in cash, $1.5 million in reAlpha common stock issued at closing, and up to $6.5 million in deferred consideration payable in semi-annual installments over three years following closing, in cash or shares of reAlpha common stock at the Company’s election, provided that at least $1.5 million of such deferred consideration must be paid in cash. “We have completed the InstaMortgage acquisition," said Mike Logozzo, Chief Executive Officer of reAlpha. "reAlpha is now able to originate, underwrite and fund mortgages in-house, across 38 states and Washington, D.C. We believe homebuying improves when brokerage, lending and title operate as one system rather than three. Lending was the piece we handed to partners, and it now runs inside the platform.” Founded in 2008, InstaMortgage has built a full-cycle lending operation spanning origination, underwriting, funding and loan sale. Following the acquisition, reAlpha’s integrated mortgage platform, comprising reAlpha Mortgage and InstaMortgage, provides coverage across 38 states and Washington, D.C. “Over the last eighteen years, we have built InstaMortgage to operate as a full-cycle lending business, supported by the licensing, capital relationships, operating infrastructure and team required to execute across the lifecycle of a loan,” said Shashank Shekhar, Chief Executive Officer of InstaMortgage. “What makes this combination compelling is that our lending capabilitie...

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