ReAlpha Tech shareholders approve board proposals including reverse stock split

ReAlpha Tech Corp. (NASDAQ:AIRE) has announced that its shareholders have approved several proposals presented at the company's annual meeting. The proposals include the election of five new directors, the appointment of GBQ Partners, LLC as the company's independent registered public accounting firm, and the authorization of a reverse stock split.

The reverse stock split, which could range from 1-for-2 to 1-for-50, received approval from a majority of shareholders. Additionally, the company's shareholders approved amendments to the certificate of incorporation related to compliance with Nasdaq Listing Rules, allowing for the issuance of common stock in connection with mergers.

The election of directors and the reverse stock split proposal received significant support, while the compliance proposals were also approved with a majority of votes in favor.

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