reAlpha Tech shares surge 54.99% after-hours after announcing $8.5M merger with InstaMortgage to expand digital mortgage lending capabilities.

reAlpha Tech surged 54.99% in after-hours trading following the announcement of a definitive $8.5 million merger agreement to acquire InstaMortgage, an independent mortgage lender. The deal, structured with a mix of cash and stock, aims to expand reAlpha’s mortgage brokerage operations by adding direct lending capabilities and entering new markets like New York and Illinois. The acquisition aligns with reAlpha’s strategy to integrate brokerage and lending workflows, streamline borrower experiences, and enhance its AI-powered homebuying platform. The significant price jump reflects investor optimism about the strategic expansion and potential for improved operational efficiency and market reach.