Business
The Real Brokerage Inc. Announces Ex-Dividend Date for its Securities on Nasdaq as July 23, 2021
TORONTO and NEW YORK, July 15, 2021 /PRNewswire/ -- The Real Brokerage Inc. ("Real" or the "Company") (TSXV: REAX) (NASDAQ: REAX), a national, technology
About this update from The Real Brokerage, Inc.
[{"type":"text","content":"TORONTO and NEW YORK, July 15, 2021 /PRNewswire/ -- The Real Brokerage Inc. (\"Real\" or the \"Company\") (TSXV: REAX) (NASDAQ: REAX), a national, technology powered real estate brokerage in the United States, previously announced on July 12, 2021 it will forward split all of its issued and outstanding common shares (\"Common Shares\") on the basis of four (4) post-split Common Shares for each one (1) pre-split Common Share (the \"Share Split\").\nShare Split Details\nPreviously, the Company announced that it has set July 19, 2021, as the record date for the Share Split and July 16, 2021, as the effective date for the Share Split on the TSX Venture Exchange.\nFor clarity, the ex-dividend date for Company's securities on Nasdaq will be July 23, 2021. On this date the Share Split will be effective, the Common Share price will be adjusted, and the Common Shares will begin trading without the right to receive additional shares.\nAssuming the Share Split is completed, the existing 40,179,611 Common Shares will be increased to approximately 160,718,444 Common Shares.\nThe exercise price and number of Common Shares issuable upon the exercise of outstanding stock options, restricted stock units, warrants or other convertible securities will be proportionately adjusted to reflect the Share Split in accordance with the terms of such securities.\nShareholders of the Company do not need to take any action with respect to the Share Split. The Company's transfer agent, Computershare Investor Services will send registered shareholders a Direct Registration Statement advice (DRS) representing the additional number of shares to be received because of the Share Split.\nAbout Real\nReal (www.joinreal.com) is a technology-powered real estate brokerage operating in 31 U.S. states and the District of Columbia. Real is building the brokerage of the future, together with agents and their clients. Real creates financial opportunities for agents through better commission splits, best-in-class technology, revenue sharing and equity incentives.\nContact Information\nPress, for more information, please contact:\nInvestors, for more information, please contact:\nHayden IR\nJames Carbonara\[email protected]\n646-755-7412\nForward-Looking Information\nThis press release contains forward-looking information within the meaning of applicable Canadian securities...