The HSR clearance removes a binary regulatory risk, but the deal still hinges on shareholder votes. Monitor the shareholder meeting dates and proxy vote tallies for both RE/MAX and Real — any indication of insufficient support would be the next catalyst. Spread between RMAX and the implied deal consideration may narrow modestly on reduced regulatory uncertainty.
Price Chart
Executive Summary
RE/MAX Holdings filed this DEFA14A to disclose that the U.S. Department of Justice granted early termination of the HSR Act waiting period for its pending acquisition by The Real Brokerage Inc. This removes a key regulatory condition to closing, but the deal still requires shareholder approvals from both companies. The filing is a procedural update on deal progress, not a material change in terms or value.
Key Financial Metrics
Key Facts
- On July 13, 2026, the DOJ granted early termination of the HSR waiting period for the RE/MAX-Real merger.
- The HSR filings were originally submitted May 13, withdrawn June 12, and refiled June 15, 2026.
- Closing remains subject to shareholder approvals from both RE/MAX and Real, plus other customary conditions.
- The merger agreement was entered into on April 26, 2026; the S-4 registration statement was declared effective July 9, 2026.
Financial Impact
No financial figures disclosed in this filing. Deal value and terms were set in the April 26 merger agreement.
Risk Factors
- Shareholder approval may not be obtained from either RE/MAX or Real securityholders.
- Other customary closing conditions may not be satisfied, or the merger agreement could be terminated.
- Integration risks and potential agent/franchisee attrition post-close could affect combined company value.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001104659-26-083351 |
| Document: 0001104659-26-083351-index-headers.html | 0001104659-26-083351 |
| Document: 0001104659-26-083351-index.html | 0001104659-26-083351 |
| Document: 0001104659-26-083351.txt | 0001104659-26-083351 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | SC 13G/A | No price | awaiting T+60 | awaiting T+60 | No price |
Sep 4, 2026 7w ago | 15-12G | No price | awaiting T+60 | awaiting T+60 | No price |
Aug 26, 2026 9w ago | EFFECT | $13.40 | awaiting T+60 | awaiting T+60 | No price |
Aug 25, 2026 9w ago | 25-NSE | $13.50 | awaiting T+60 | awaiting T+60 | No price |
Aug 6, 2026 11w ago | DEFA14A | $10.77 | awaiting T+60 | awaiting T+60 | No price |
Aug 4, 2026 12w ago | 425 / 8-K | $9.70 | awaiting T+60 | awaiting T+60 | No price |
Jul 14, 2026 15w ago | DEFA14A | $10.72 | awaiting T+60 | awaiting T+60 | No price |
Jul 14, 2026 15w ago | 8-K | $10.72 | awaiting T+60 | awaiting T+60 | No price |
Jun 11, 2026 19w ago | Institutional Cluster | $9.01 | awaiting T+60 | awaiting T+60 | No price |
May 28, 2026 21w ago | DEFA14A | $9.54 $12.36 | ▲ +29.56% | ▲ +28.38% | No price |
US Market Status
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