Realpha Asset Management Inc acquired Roost Enterprises Inc. on March 24, 2023. The combined company will continue to operate as reAlpha. Rhove Co-Founder and Chief Executive Officer Calvin Cooper will join reAlpha?s Advisory Board.

Realpha Asset Management Inc completed the acquisition of Roost Enterprises Inc. on March 24, 2023. The purchase price involved a $25,000 cash payment, 49,029 common stock shares to Silicon Valley Bank, 1,263,000 shares to the common stockholders of Rhove, and the option for the same stockholders to purchase 1,263,000 shares at the fair value of $10 per share. Drive Capital and its funds became investors of reAlpha, and Rhove?s CEO, Calvin Cooper, and Rhove?s CTO, Greg Miller, both joined reAlpha in advisory roles. Realpha also acquired $0.12 million of cash and assumed $0.21 million of liabilities of Roost.