Key facts
- The Real Brokerage and REMAX will hold virtual shareholder votes on August 14 to decide on a proposed merger.
- Real shareholders will vote on the deal's arrangement, including a 10-for-1 share consolidation.
- REMAX Class A stockholders will vote on the merger and have the option of receiving $13.80 per share in cash or stock in the new holding company.
- A cash pool ranging from $60 million to $80 million has been set aside for REMAX stockholders.
- The combined entity is expected to be named Real REMAX Group and trade on the Nasdaq under the symbol REAX.
- The merger requires regulatory and court approvals under British Columbia provincial law.
The Real Brokerage and REMAX are set to hold virtual shareholder meetings on August 14 to vote on a proposed merger that would create Real REMAX Group. Filings with the Securities and Exchange Commission detail the terms of the deal, which includes a 10-for-1 share consolidation for Real Brokerage.
REMAX Class A stockholders will have the option to receive either shares in the new holding company or $13.80 per share in cash. A cash pool of between $60 million and $80 million has been allocated for REMAX stockholders, with a minimum of $60 million required to be paid out.
The merger also involves share issuance tied to REMAX's acquisition of RIHI Inc., an investment firm owned by REMAX co-founder Dave Liniger and his family. Initially, Real shareholders were expected to own over 60% of the combined company, with REMAX shareholders holding approximately 40%.
In addition to shareholder approval, the merger is subject to regulatory and court approvals under British Columbia provincial law. The combined company is expected to trade on the Nasdaq under Real's current ticker symbol, REAX, with the deal anticipated to close in the second half of 2026.