Business
Early Warning Report Regarding Disposition of Common Shares by Insight Partners in The Real Brokerage Inc.
This press release is issued by the following private equity funds managed by Insight Venture Management LLC ("Insight Partners") and indirectly controlled by Insight Holdings Group, LLC: Insight Partners XI, L.P.; Insight Partners (Cayman) XI, L.P.; Insight Partners XI (Co-Investors), L.P.; Insight Partners XI (Co-Investors) (B), L.P.; Insight Partners (Delaware) XI, L.P.; and Insight Partners (EU) XI, S.C.Sp. (collectively with Insight Partners, "Insight Funds"), to report the disposition on A
About this update from The Real Brokerage, Inc.
[{"type":"text","content":"TORONTO and NEW YORK, Aug. 27, 2025 /CNW/ - This press release is issued by the following private equity funds managed by Insight Venture Management LLC ("Insight Partners") and indirectly controlled by Insight Holdings Group, LLC: Insight Partners XI, L.P.; Insight Partners (Cayman) XI, L.P.; Insight Partners XI (Co-Investors), L.P.; Insight Partners XI (Co-Investors) (B), L.P.; Insight Partners (Delaware) XI, L.P.; and Insight Partners (EU) XI, S.C.Sp. (collectively with Insight Partners, "Insight Funds"), to report the disposition on August 26, 2025 of 7,788,410 common shares of The Real Brokerage Inc. (NASDAQ: REAX) ("Real" or the "Company"), representing approximately 3.72% of the issued and outstanding common shares of the Company (the "Common Shares"). 7,000,000 Common Shares pursuant to the disposition were sold in an off-market block trade transaction (facilitated by a broker-dealer as agent) for $6.64 (US$4.80) per Common Share for an aggregate cash consideration of approximately $46,492,320 (US$33,600,000) and 788,410 Common Shares pursuant to the disposition were sold in a market trade on the NASDAQ by a broker-dealer as agent pursuant to a 10b5-1 trading plan adopted on March 20, 2025 for $7.22 (US$5.2187) per Common Share for an aggregate cash consideration of approximately $5,693,199.43 (US$4,114,475.27).","length":1426,"tagName":"p"},{"type":"text","content":"Immediately prior to the disposition, Insight Funds had ownership and control of: (i) an aggregate of 24,430,924 Common Shares, (ii) 100,000 options exercisable for 100,000 Common Shares (the "Options") and (iii) 34,965 restricted share units ("RSU's") representing the right to receive 34,965 Common Shares collectively representing approximately 11.73% of the issued and outstanding Common Shares on a partially-diluted basis (assuming the exercise or settlement of all of the Options and RSU's owned or controlled by Insight Funds for Common Shares).","length":587,"tagName":"p"},{"type":"text","content":"Immediately following the disposition, Insight Funds continues to have ownership and control of: (i) an aggregate of 16,642,514 Common Shares, (ii) 100,000 Options exercisable for 100,000 Common Shares and (iii) 34,965 RSU's representing th...