MergerMay 8, 2026, 07:07 AM
RE/MAX Holdings to Merge with The Real Brokerage Inc.
AI Summary
RE/MAX Holdings, Inc. announced a definitive agreement to merge with The Real Brokerage Inc., forming a new publicly traded company, Real REMAX Group. Under the terms, RE/MAX Holdings shareholders will receive either 5.15 shares of the new entity's common stock or $13.80 in cash per share, with former Real shareholders owning approximately 59% of the combined company. Concurrently, RE/MAX Holdings reported its Q1 2026 financial results, showing a decrease in total revenue to $70.2 million from $74.5 million year-over-year, and a widened net loss of $15.7 million compared to $3.2 million in Q1 2025.
Key Highlights
- RE/MAX Holdings entered into a merger agreement to be acquired by The Real Brokerage Inc., forming Real REMAX Group.
- Each RE/MAX Holdings Class A common stock share will convert into 5.15 shares of Real REMAX Group common stock or $13.80 in cash.
- Former Real shareholders are expected to own 59% and former RE/MAX Holdings shareholders 41% of the combined company.
- The transaction is expected to close in the second half of 2026, subject to approvals.
- Q1 2026 total revenue decreased to $70.2 million from $74.5 million in Q1 2025.
- Q1 2026 net loss widened to $15.7 million from a net loss of $3.2 million in Q1 2025.
- Basic EPS for Q1 2026 was $(0.48), compared to $(0.10) in Q1 2025.
- Operating income shifted to a loss of $7.8 million in Q1 2026 from an income of $5.4 million in Q1 2025.
Price Impact
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