Property technology firm, Everhome Realty and blank check holding company, Alpha Wastewater (OTCMKTS:AWWI) announced entering into a definitive agreement, which would make Everhome a public company.
Everhomegives individual home sellers for selling homes with expert, full-service representation for a standard fee of $3950 paid at closing, vis-à-vis an average sellers’ commission of 5-6% of sale price. The services are includeprofessional photography,appointment scheduling,Bluetooth lockbox, legal consultations and professional yard sign,
The firm’s technology lowers time and cost of listing on Multiple Listing Service as well as syndication to thousands of real estate websites. David Bartels,Everhome Founder and CEO, said that Everhome is a part of the huge change witnessed in residential real estate sales as well as marketing. Bartels added that flat fee real estate is a powerful idea and the proposed transaction will accelerate growth potential of the platform as well as services.
Everhome will be having access to fresh capital for the firm’s growth plans including hiring, monetization and aggressive development of services and technology. It will permit home buyers and sellers harness technology for saving money as well as lowering risks.
Peder Davisson, CEO of Alpha said that the firm is focused on partnering with advancedcategory-defining company having growth potential, robust team and a mission. Alpha said that Everhomedemonstrates all qualities and is looking forward to helping growth as a public company.
The transaction has been approved by Boards of Directors of Alpha and Everhome, which will close within 30 days.
Market Reaction:
On Wednesday, AWWI stock soared 140% at $0.0192 with more than 36.93 million shares, compared to its average volume of 574K shares. The stock had moved within a range of $0.0074 – 0.0590 after opening the trade at $0.0080. Over the past 52-week, the stock has been trading within a range of $0.0023 – 0.0720.
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