reAlpha Tech Corp. Appoints Piyush Phadke as CFO
reAlpha Tech Corp. (AIRE) has appointed Piyush Phadke as Chief Financial Officer, effective January 30, 2025. Phadke, who brings over 20 years of experience in finance, capital raising, and strategic leadership, will succeed Interim CFO Rakesh Prasad. He will report directly to President and COO Mike Logozzo.
Prior to joining reAlpha, Phadke served as Managing Director at BTIG, , specializing in investment banking services for lower middle-market companies. His previous roles included senior investment banking positions at Jefferies and Bank of America, focusing on capital markets transactions for private equity clients.
In his new role, Phadke's initial focus will be on optimizing reAlpha's capital structure and strengthening its balance sheet. The company, which develops and commercializes AI technologies for real estate, views this appointment as strategic to support its growth and mission to become a global leader in the real estate tech space.
reAlpha Tech Corp. (AIRE) ha nominato Piyush Phadke come Chief Financial Officer, a partire dal 30 gennaio 2025. Phadke, che porta con sé oltre 20 anni di esperienza in finanza, raccolta di capitali e leadership strategica, succederà all'attuale CFO ad interim Rakesh Prasad. Riporterà direttamente al Presidente e COO Mike Logozzo.
Prima di unirsi a reAlpha, Phadke ha lavorato come Managing Director presso BTIG, specializzandosi in servizi di investment banking per aziende di media capitalizzazione. Le sue esperienze precedenti comprendono ruoli senior nell'investment banking presso Jefferies e Bank of America, concentrandosi su transazioni nei mercati dei capitali per clienti di private equity.
Nel suo nuovo ruolo, l'iniziale focus di Phadke sarà sull'ottimizzazione della struttura del capitale di reAlpha e sul rafforzamento del suo bilancio. L'azienda, che sviluppa e commercializza tecnologie AI per il settore immobiliare, considera questa nomina strategica per sostenere la sua crescita e la sua missione di diventare un leader globale nel campo della tecnologia immobiliare.
reAlpha Tech Corp. (AIRE) ha nombrado a Piyush Phadke como Director Financiero, a partir del 30 de enero de 2025. Phadke, quien aporta más de 20 años de experiencia en finanzas, recaudación de capital y liderazgo estratégico, sucederá al CFO interino Rakesh Prasad. Informará directamente al Presidente y COO Mike Logozzo.
Antes de unirse a reAlpha, Phadke se desempeñó como Director General en BTIG, especializándose en servicios de banca de inversión para empresas de mercado medio bajo. Sus roles anteriores incluyeron posiciones de banca de inversión senior en Jefferies y Bank of America, centrándose en transacciones de mercados de capitales para clientes de capital privado.
En su nuevo rol, el enfoque inicial de Phadke será optimizar la estructura de capital de reAlpha y fortalecer su balance. La empresa, que desarrolla y comercializa tecnologías de IA para el sector inmobiliario, considera este nombramiento como estratégico para apoyar su crecimiento y su misión de convertirse en un líder global en el espacio de tecnología inmobiliaria.
reAlpha Tech Corp. (AIRE)는 Piyush Phadke를 최고 재무 책임자(CFO)로 임명하며, 임기는 2025년 1월 30일부터 시작합니다. Phadke는 재무, 자본 조달 및 전략적 리더십 분야에서 20년 이상의 경험을 가지고 있으며, 기존의 임시 CFO인 Rakesh Prasad를 대신하게 됩니다. 그는 사장 겸 COO인 Mike Logozzo에게 직접 보고할 것입니다.
reAlpha에 합류하기 전, Phadke는 BTIG에서 전무 이사로 근무하며 중소형 시장 기업을 위한 투자은행 서비스에 전문성을 가지고 있었습니다. 그 이전의 직책으로는 Jefferies와 Bank of America에서 고위 투자은행 직책을 맡아 사모 펀드 고객을 위한 자본 시장 거래에 집중했습니다.
신임 역할에서 Phadke의 초기 초점은 reAlpha의 자본 구조 최적화와 재무제표 강화에 있을 것입니다. AI 기술을 개발하고 상용화하는 이 회사는 이 임명을 성장을 지원하고 부동산 기술 분야에서 글로벌 리더가 되려는 사명을 추진하는 전략적 결정으로 보고 있습니다.
reAlpha Tech Corp. (AIRE) a nommé Piyush Phadke au poste de Directeur financier, à compter du 30 janvier 2025. Phadke, qui a plus de 20 ans d'expérience en finance, levée de fonds et leadership stratégique, succédera au CFO par intérim Rakesh Prasad. Il rendra compte directement au Président et COO Mike Logozzo.
Avant de rejoindre reAlpha, Phadke a été Directeur général chez BTIG, spécialisé dans les services de banque d'investissement pour les entreprises de taille intermédiaire. Ses postes précédents comprenaient des fonctions de haut niveau dans la banque d'investissement chez Jefferies et Bank of America, en se concentrant sur les transactions de marchés de capitaux pour des clients en capital-investissement.
Dans son nouveau rôle, l'accent initial de Phadke sera mis sur l'optimisation de la structure du capital de reAlpha et le renforcement de son bilan. L'entreprise, qui développe et commercialise des technologies d'IA pour le secteur immobilier, considère cette nomination comme stratégique pour soutenir sa croissance et sa mission de devenir un leader mondial dans le domaine de la technologie immobilière.
reAlpha Tech Corp. (AIRE) hat Piyush Phadke zum Chief Financial Officer ernannt, der am 30. Januar 2025 in Kraft tritt. Phadke bringt über 20 Jahre Erfahrung in den Bereichen Finanzen, Kapitalbeschaffung und strategische Führung mit und wird den interimistischen CFO Rakesh Prasad ersetzen. Er wird direkt an Präsident und COO Mike Logozzo berichten.
Vor seinem Eintritt bei reAlpha war Phadke Geschäftsführer bei BTIG, wo er sich auf Investmentbanking-Dienstleistungen für Unternehmen im unteren Mittelstand spezialisiert hat. Zuvor hatte er leitende Positionen im Investmentbanking bei Jefferies und der Bank of America inne, wo er sich auf Kapitalmarkttransaktionen für Private-Equity-Kunden konzentrierte.
In seiner neuen Rolle wird Phadkes anfänglicher Fokus darauf liegen, die Kapitalstruktur von reAlpha zu optimieren und die Bilanz zu stärken. Das Unternehmen, das KI-Technologien für die Immobilienbranche entwickelt und vermarktet, sieht diese Ernennung als strategisch an, um das Wachstum und das Ziel zu unterstützen, ein globaler Marktführer im Bereich der Immobilien-Technologie zu werden.
- Appointment of experienced CFO with over 20 years in finance and capital raising
- Strong background in investment banking and capital markets operations
- Immediate focus on optimizing capital structure and strengthening balance sheet
- None.
DUBLIN, Ohio, Jan. 30, 2025 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, is pleased to announce the appointment of Piyush Phadke as Chief Financial Officer, effective January 30, 2025. Mr. Phadke will succeed Rakesh Prasad, the Company’s Interim Chief Financial Officer, and he will oversee the Company’s financial and accounting operations, reporting directly to the Company’s President and Chief Operating Officer, Mike Logozzo.
With over 20 years of experience in finance, capital raising and strategic leadership, Mr. Phadke brings a wealth of expertise to reAlpha. Prior to joining reAlpha, he served as a Managing Director at BTIG, LLC, where he specialized in providing investment banking services for lower middle-market companies. Mr. Phadke also held senior investment banking positions at Jefferies LLC and Bank of America, where he focused on capital markets transactions for private equity clients.
“We’re excited to welcome Piyush to the team,” said Mike Logozzo, President and Chief Operating Officer of reAlpha. “His extensive background in investment banking and capital markets will be invaluable as we continue to execute on our growth strategy. We believe Piyush’s leadership will strengthen our financial infrastructure and support our mission to be a global leader in the real estate tech space.”
“I am thrilled to join reAlpha at this pivotal moment,” said Mr. Phadke. “reAlpha’s commitment to leverage AI technologies for the real estate industry is inspiring, and I expect to utilize my background in capital raising and investment banking to help reAlpha accelerate its financial and operational objectives.”
As a first order of business, Mr. Phadke will focus on optimizing reAlpha’s capital structure and strengthening its balance sheet.
For more information about Mr. Phadke’s appointment and related compensation arrangement, please refer to the Current Report on Form 8-K to be filed with the Securities and Exchange Commission (“SEC”).
About reAlpha Tech Corp.
reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha’s goal is to offer a more affordable, streamlined experience for those on the journey to homeownership. For more information, visit www.realpha.com.
Forward-Looking Statements
The information in this press release includes “forward-looking statements”. Forward-looking statements include, among other things, statements about the appointment of Mr. Phadke as Chief Financial Officer and the anticipated benefits thereof. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; reAlpha’s ability to commercialize its developing AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to obtain the necessary regulatory and legal approvals to expand into additional U.S. states and maintain, or obtain, brokerage licenses in such states; reAlpha’s ability to generate additional sales or revenue from having access to, or obtaining, additional U.S. states brokerage licenses; reAlpha’s inability to accurately forecast demand for short-term rentals, corporate relocation programs and AI-based real estate focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contact
investorrelations@realpha.com
Media Contact
Alliance Advisors IR on behalf of reAlpha
Fatema Bhabrawala
FBhabrawala@allianceadvisors.com
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