Real and RE/MAX Holdings Announce Completion of Business Combination
Real REMAX Group Inc. (NASDAQ: REAX) (“Real REMAX Group”) announced the successful completion of the previously announced business combination between The Real Brokerage Inc. (“Real”) and RE/MAX Holdings, Inc. (“RE/MAX Holdings”). The combined company is operating under the name Real REMAX Group Inc.
Real’s common shares and RE/MAX Holdings’ class A Common Stock ceased trading on the Nasdaq Global Select Market (the “Nasdaq”) and the New York Stock Exchange, respectively, upon close of trading today. Beginning tomorrow, August 25, 2026, shares of Real REMAX Group’s common stock will start trading on the Nasdaq under the symbol “REAX”.
Under the terms of the Arrangement Agreement and Plan of Merger (the “Merger Agreement”), former Real shareholders received, following a 10 for 1 share consolidation, one share of common stock in Real REMAX Group for each Real common share owned and former RE/MAX Holdings stockholders received, based on elections made by such stockholders which were subject to the proration mechanics described in the Merger Agreement, either (i) 0.515 shares of common stock of Real REMAX Group or (ii) approximately $4.33 in cash and approximately 0.3535 shares of common stock of Real REMAX Group for each share of RE/MAX Holdings’ Class A Common Stock owned.
