Real and RE/MAX Holdings set Aug. 24 merger closing date

The Real Brokerage Inc. (NASDAQ: REAX) and RE/MAX Holdings, Inc. (NYSE: RMAX) announced preliminary results of stockholder elections for the form of merger consideration in their proposed combination, with closing expected on Aug. 24, 2026, pending final approval from the Supreme Court of British Columbia.

Under the merger agreement, RE/MAX Holdings stockholders could elect to receive either $13.80 in cash or 0.5150 shares of the combined company's common stock per share, after a 10-for-1 consolidation of Real's shares. The total cash available to stockholders was capped between $60 million and $80 million.

Holders of 18,488,134 shares of RE/MAX Class A common stock elected to receive cash. Because that total exceeded the $80 million cap, proration provisions apply. Each cash-electing share is expected to receive approximately $4.33 in cash and approximately 0.3535 shares of Real REMAX Common Stock. Stockholders who elected stock, or failed to make a timely election, will receive 0.5150 shares of Real REMAX Common Stock per share.

Real also announced that its 10-for-1 share consolidation is expected to take effect at 4:01 p.m. Eastern time on Aug. 24, 2026, contingent on the same closing conditions. No fractional shares will be issued; fractional shares below one-half will be cancelled without compensation, while those of at least one-half will be rounded up to one whole share.

Shares of the combined entity, Real REMAX Group Inc., are expected to begin trading on Nasdaq under the ticker symbol "REAX" with a new CUSIP number of 776105108 when markets open on Aug. 25, 2026.

The preliminary election results are subject to finalization, after which exact per-share cash and stock amounts for cash-electing stockholders will be calculated according to the merger agreement's proration provisions.

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