The Real Brokerage Inc. to Begin Trading on NASDAQ
Fast-growing real estate technology platform now operational in 31 states
NEW YORK and TORONTO, June 11, 2021 / PRNewswire / – The Real Brokerage Inc. (Real or the “Company”) (TSXV: REAX) (OTCQX: REAXF), a fast-growing, technology-driven real estate brokerage firm now operating in 31 states, has announced that its shares have been approved for listing on the Nasdaq Capital Market.
Real provides cutting-edge technology that improves the home buying experience for buyers, sellers and agents. Agents have the ability to advance all transaction-related tasks and processes through Real’s platform, resulting in a better, faster and smoother experience for all parties involved. The company has generated impressive traction, with a 90% increase in the number of agents signing up year over year, with the total number now exceeding 2,300.
Trading in Real shares on the Nasdaq is expected to begin when the market opens on June 15, 2021 under the symbol “REAX” and will continue to trade on the TSX Venture Exchange under the same symbol.
“The listing on the Nasdaq capital market represents another important milestone in Real’s development as we continue to experience rapid agent growth and geographic expansion,” said Tamir Poleg, co-founder and CEO of Real. “We believe this listing on the Nasdaq will increase shareholder value through better visibility and increased transaction liquidity.”
A successful listing on the Nasdaq is subject to the Company meeting all applicable registration and regulatory requirements, including, but not limited to, the registration of its common shares with the Securities and Exchange Commission of United States (the “SEC”) and the satisfaction of the initial Nasdaq. listing criteria, including the share price.
“Real is leading the way for the future of the industry by carving out a large and growing segment in the burgeoning real estate and technology sector,” said Deven Parek, Managing Director at Insight Partners. “The company’s rapid growth and expansion demonstrates that there is a significant opportunity for this business model as an alternative to conventional real estate brokerages and algorithm-based technology companies. This is another important step in the growth of the business and we are excited to watch the team take the Real platform to the next level. “
Real (www.joinreal.com) is a technology-driven real estate brokerage operating in 31 U.S. states and the District of Colombia. Real is building the brokerage of the future, with agents and their clients. Real creates financial opportunities for agents through better commission allocation, advanced technology, revenue sharing and equity incentives.
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This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “probable” and ” intend ”and statements that an event or result“ could ”,“ will ”,“ should ”,“ could ”or“ could ”occur or be achieved and other similar expressions. These statements reflect the current beliefs of management and are based on information currently available to management as of the date hereof. Forward-looking information contained in this press release includes, without limiting the foregoing, information relating to the timing of the listing of the Common Shares on NASDAQ.
Forward-looking information is based on assumptions that may prove to be incorrect, including, but not limited to Real’s business objectives, expected growth, operating results, performance, business plans and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. These factors should be carefully considered and readers should not place undue reliance on forward-looking statements. Although the forward-looking statements contained in this press release are based on what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQX has neither approved nor disapproved the contents of this press release.
SOURCE Le Courtage Immobilier Inc.