RE/MAX

The Supreme Court of British Columbia has granted final approval for the planned merger between Real and RE/MAX. Shareholders of both companies had already approved the transaction; closing is expected on August 24, 2026, subject to remaining conditions. Real operates a digital brokerage platform with around 36,000 agents in the US and Canada. » Mere på de.investing.com

In the takeover by Real, holders of 18,488,134 RE/MAX class A common shares elected cash by the record date; the total cash election exceeded the $80 million cap and thus triggered a pro rata reduction. After a planned 10:1 reverse stock split, shares with a cash election will receive about $4.33 plus approximately 0.3535 Real RE/MAX common shares per share; stock elections will continue to receive 0.5150 Real RE/MAX common shares per share. Real’s reverse stock split is expected to take effect on August 24, 2026, and the closing of the transaction is expected the same day, subject to conditions; Real RE/MAX Group is slated to begin trading on the NASDAQ under the ticker REAX at the market open on August 25, 2026. » Mere på de.investing.com

In an SEC filing, RE/MAX Holdings detailed the planned merger with The Real Brokerage and the future board composition of the proposed Real REMAX Group, which is expected to trade on the Nasdaq Global Select Market under the ticker REAX after closing. Completion, anticipated in the second half of 2026, is subject to shareholder and regulatory approvals. Several shareholders have requested supplemental disclosures and two lawsuits have been filed seeking to block the transaction or claim damages; RE/MAX, Real and the Real REMAX Group deny the allegations but have agreed to provide voluntary additional disclosures. The filing includes updated valuation analyses (EV/EBITDA comparisons and DCF) and notes that RE/MAX currently appears to be undervalued; it also says RE/MAX is launching the RE/MAX Golf Lifestyles program following the acquisition of Golf Life Navigators. » Mere på de.investing.com