Shareholders at both Настоящее посредничество и РЕМАКС will convene virtually on August 14 to vote on the предлагаемое слияние between the two firms, creating the Real REMAX Group.
According to documents filed with the Комиссия по Безопасности и Обмену late last week, Real’s shareholders will vote on the arrangement of the deal, while REMAX shareholders will vote on the merger as well as share issuance tied to REMAX’s acquisition of REMAX co-founder Дэйв Линигер’s investment firm RIHI Inc, which he and his family used to hold shares in REMAX.
In addition to gaining shareholder approval, the merger still needs to clear regulatory and court approvals it is subject to under provincial law in British Columbia, Canada.
Согласно initial terms of the deal published in April, when the merger was announced, Real shareholders would own over 60% of the combined company, while former REMAX shareholders would own roughly 40%.
The terms of the deal outlined in the recent SEC filings show that Real shareholders would go through a 10-for-1 share consolidation and receive shares in the new holding company, while REMAX Class A stockholders may choose either stock in the new company or $13.80 per share in cash. Between $60 million and $80 million in cash has been allotted to be paid to REMAX stockholders, with a requirement to meet the $60 million minimum.
If the deal closes, the new holding company is expected to trade on the Насдак under Real’s current symbol REAX. The firms had previously announced that they expect the deal to close sometime in the second half of 2026.
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