RE/MAX Holdings, Inc.

RE/MAX Holdings, Inc. announced a significant step forward in its merger with The Real Brokerage Inc. The U.S. Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 on July 13, 2026. This follows the initial filing of notification forms on May 13, 2026, and a subsequent withdrawal and refiling in June 2026. The merger, initially disclosed on April 26, 2026, is still subject to other customary closing conditions, including the requisite approvals from the stockholders of RE/MAX Holdings and securityholders of Real.

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.

RE/MAX Holdings announced a definitive merger agreement to be acquired by The Real Brokerage Inc., forming Real REMAX Group, with the transaction expected to close in the second half of 2026. Shareholders will have the option to receive 5.154 shares of Real REMAX Group or $13.80 in cash per share, subject to proration. Concurrently, the company reported its first quarter 2026 financial results, with total revenue decreasing 5.7% to $70.2 million and a net loss of ($9.7) million, while Adjusted EBITDA fell 19.3% to $15.6 million.

RE/MAX Holdings, Inc. filed an amendment to its 2025 Annual Report on Form 10-K to include Part III information, detailing directors, executive officers, and corporate governance. C. Cathleen Raffaeli was appointed to the Board, while Stephen P. Joyce retired and Christine M. Riordan resigned. Several executive officers, including Chris Lim, Victor Lombardo, and Susan Winders, saw changes in their roles. The filing also disclosed 2025 executive compensation, with short-term incentive performance at 72.5% of target and 2023 long-term equity incentive grants paying out at 74% of target.

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.

The Real Brokerage Inc. announced a definitive agreement to acquire RE/MAX Holdings, Inc. for an implied enterprise value of approximately $880 million, creating a new entity named Real REMAX Group. This transaction aims to form a leading technology-enabled global real estate platform, combining Real's AI-powered brokerage with REMAX's iconic brand and global reach. The acquisition is expected to be accretive to Real's earnings and Adjusted EBITDA margin within the first full fiscal year post-closing and generate approximately $30 million in annual run-rate cost savings. In light of the pending transaction, RE/MAX Holdings will no longer hold its first quarter 2026 earnings conference call.