MergerApr 28, 2026, 06:12 AM
RMAX Announces Merger with The Real Brokerage Inc.
AI Summary
RE/MAX Holdings, Inc. and The Real Brokerage Inc. announced an Arrangement Agreement and Plan of Merger to combine their businesses, with New Wildlife, Inc. becoming the ultimate parent entity. The transaction involves RE/MAX first acquiring RIHI, Inc. (Rhino) for Company Class A Common Stock, followed by a share consolidation for The Real Brokerage shareholders and a series of exchanges and mergers. RE/MAX shareholders will have the option to elect to receive either New Wildlife Common Stock or cash consideration, subject to proration. The boards of directors of all involved parties have approved the strategic combination.
Key Highlights
- RE/MAX Holdings, Inc. and The Real Brokerage Inc. to combine under new parent New Wildlife, Inc.
- RE/MAX to acquire RIHI, Inc. (Rhino) immediately prior to the main transaction.
- The Real Brokerage Inc. shareholders to undergo a 10-for-1 share consolidation.
- RE/MAX shareholders to receive New Wildlife Common Stock or cash, subject to election and proration.
- All involved boards of directors have unanimously approved the Arrangement and Mergers.
- Certain stockholders/shareholders entered into Voting and Support Agreements.
- A Tax Receivable Agreement (TRA) with Rhino will be terminated at closing.
Price Impact
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