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ARTICLE · 02 JULY 2021

The Real Brokerage Inc. Closes Accelerated Warrant Exercise Transaction

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On June 28, 2021, The Real Brokerage Inc. ("Real" or the "Company") (TSXV: REAX) (NASDAQ: REAX) closed an accelerated warrant transaction resulting in C$32,845,011.20 in proceeds to the Company.

CanadaCorporate/Commercial Law
Jason Saltzman
Jason Saltzman
Adam Sherman
Adam Sherman
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On June 28, 2021, The Real Brokerage Inc. ("Real" or the "Company") (TSXV: REAX) (NASDAQ: REAX) closed an accelerated warrant transaction resulting in  C$32,845,011.20 in proceeds to the Company. 

The warrant exercises follow Real's listing of its common shares on The Nasdaq Capital Market on June 15, 2021. In connection with the Nasdaq listing, Real delivered an "Acceleration Notice" to certain funds managed by Insight Venture Management LLC ("Insight Partners") providing for the acceleration of the expiry date to 5:00 p.m. (Eastern Time) on June 30, 2021 of an aggregate of 4,321,712 post-consolidated, previously issued common share purchase warrants, issued to Insight Partners on December 2, 2020, at a post-consolidated exercise price of C$7.60 per common share. All warrants held by Insight Partners were exercised for common shares.

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