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Recent Updates — REAX

August 24, 2026View Source ↗

On August 24, 2026, The Real Brokerage Inc. completed its business combination with RE/MAX Holdings, resulting in the formation of Real REMAX Group Inc., which will trade on Nasdaq under the symbol "REAX" starting August 25, 2026. Former Real shareholders received one share of Real REMAX Group Common Stock for each post-consolidation Real Common Share following a 10-for-1 share consolidation. Former RE/MAX Holdings stockholders elected to receive either approximately $4.33 in cash and 0.3535 shares or 0.5150 shares of Real REMAX Group Common Stock per share, with an aggregate cash consideration of approximately $80 million paid to cash electing holders. The transaction was funded in part by a new $550 million term loan and $40 million revolving credit facility entered into by Real REMAX Group. Concurrently, the Company appointed Tamir Poleg as CEO, Ravi Jani as CFO, and other executive officers, while former directors ceased their roles.

August 21, 2026View Source ↗

The Real Brokerage Inc. and RE/MAX Holdings announced that the Supreme Court of British Columbia granted final court approval for Real's proposed acquisition of RE/MAX Holdings. The transaction, governed by a merger agreement dated April 26, 2026, was previously approved by securityholders at special meetings held on August 14, 2026. Subject to closing conditions, the parties expect the combination to close on August 24, 2026. Real operates as a real estate experience company providing brokerage, mortgage, and closing services through a digital platform.

August 20, 2026View Source ↗

The Real Brokerage Inc. announced preliminary results of the merger consideration election by RE/MAX Holdings stockholders for its proposed acquisition of RE/MAX Holdings, with completion expected on August 24, 2026. The transaction involves a 10-for-1 share consolidation of Real's common shares effective August 24, 2026. Stockholders elected to receive either cash or stock; because the aggregate cash election exceeded the $80 million maximum, proration applies. Cash electing shareholders will receive approximately $4.33 per share and 0.3535 post-consolidation shares of Real REMAX Common Stock, while others receive 0.5150 shares. The combined entity's shares are expected to trade on Nasdaq under symbol REAX starting August 25, 2026. The company operates in the real estate brokerage and franchising industry.

August 6, 2026View Source ↗

The Real Brokerage Inc. filed a Form 6-K supplementing the joint proxy statement/prospectus for its proposed acquisition of RE/MAX Holdings, Inc., following shareholder demand letters and complaints alleging disclosure deficiencies in the preliminary filing. The supplemental disclosures provide updated financial analyses by J.P. Morgan Securities LLC, including implied per share equity value ranges of $10.50 to $14.00 for REMAX Class A Common Stock and $2.50 to $3.00 for Real Common Shares as of April 24, 2026. The filing details a blended merger consideration of approximately $11.79 in shares and $2.01 in cash per REMAX share, with an exchange ratio of 5.150x. It also outlines estimated synergies of approximately $233 million, transaction expenses of $71 million, and a cash election consideration of $80 million. Special meetings for both companies are scheduled for August 14, 2026, to vote on the transaction, which is expected to close in the second half of 2026 under the symbol REAX. The company operates in the real estate brokerage industry.

August 6, 2026View Source ↗

The Real Brokerage Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Revenue increased 30% year-over-year to $700.6 million, driven by a 31% rise in total transaction value to $26.3 billion and a 27% increase in closed sides to 62,380. The agent network grew 26% to 35,348. Gross profit rose 22% to $58.3 million, while operating expenses increased 41% to $65.3 million due to $11.6 million in acquisition costs related to the pending purchase of RE/MAX Holdings Inc., announced on April 26, 2026. The company reported a net loss of $8.0 million compared to net income of $1.6 million in the prior year period. Adjusted EBITDA was $27.6 million. The Real Brokerage Inc. operates as a real estate technology company providing residential brokerage services, mortgage brokerage, title and escrow services, and financial technology products across the United States and Canada.

August 4, 2026View Source ↗

The Real Brokerage Inc. and RE/MAX Holdings, Inc. announced that the deadline for REMAX stockholders to elect their form of merger consideration is 5:00 p.m. New York City time on August 18, 2026. The pending acquisition will create a combined entity named Real REMAX Group Inc., a leading technology-enabled global real estate platform. REMAX shareholders who fail to submit an election form by the deadline will be deemed to have elected to receive 5.15 shares of the new company's stock for each share held, which will be adjusted to 0.515 shares prior to closing to reflect a stock consolidation. The transaction remains subject to customary closing conditions and shareholder approvals. Real Brokerage Inc. operates as a real estate experience company providing brokerage, mortgage, and closing services through a digital platform.