RE/MAX Merger Closes: $80M Cash Paid, NYSE Delisting Set for Aug 25
RMAX has more than doubled off its 52-week low of $5.46 on elevated volume (5.8× avg).
Summary
RE/MAX's merger with The Real Brokerage closed August 24, 2026. Final terms: $4.33 cash + 0.3535 shares per cash-electing share, or 0.5150 shares per stock-electing share; ~$80M total cash paid. NYSE delisting expected August 25.
Key Events · M&A and Partnerships · RMAX
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Merger Closes
The First and Second Mergers with The Real Brokerage completed on August 24, 2026, with RE/MAX ceasing to exist as a separate entity and becoming a wholly owned subsidiary of Real REMAX Group.
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Final Election Results
Cash election was oversubscribed: 18,488,134 shares elected cash, 11,697,333 elected stock, and 3,699,238 made no election (treated as stock). Proration applied.
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Merger Consideration
Cash-electing holders receive $4.33 per share plus 0.3535 Real REMAX Group shares; stock-electing holders receive 0.5150 shares. Aggregate cash paid was approximately $80 million.
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Share Issuance
14,464,497 Real REMAX Group shares issued to former RE/MAX holders and 22,098,985 shares issued to former Real holders.
Analysis · RMAX · Real Estate & Construction
The RE/MAX–Real Brokerage merger closed on August 24, 2026, finalizing the largest corporate event in the company's history. Final election results show cash was oversubscribed, triggering proration: cash-electing holders receive $4.33 plus 0.3535 Real REMAX Group shares, while stock-electing holders receive 0.5150 shares. Approximately $80 million in aggregate cash was paid, and 14.46 million Real REMAX Group shares were issued to former RE/MAX holders. RE/MAX common stock is expected to be suspended from NYSE trading before the open on August 25, 2026, with Form 25 and Form 15 filings to follow. All RE/MAX directors and named officers resigned at the effective time, and the company's credit agreement and RIHI Tax Receivable Agreement were terminated. This is the definitive completion of a transaction that has been the dominant narrative for RE/MAX shareholders since April 2026.
How filings like this one have moved
In the 30 days to Aug 24, 2026, 44% of the 972 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RMAX was trading at $13.35 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $418.7M. The 52-week trading range was $5.46 to $14.63. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.