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The Real Brokerage Inc. (TSXV: REAX, OTCQX: REAXF, NASDAQ: REAX) has announced an "Acceleration Notice" to Insight Venture Management for 4,321,712 Common Share purchase warrants, expiring June 30, 2021, at a price of $7.60 each. Additionally, a "Forced Exchange Notice" will convert preferred equity units into Common Shares on August 3, 2021, as part of a $20 Million investment from Insight Partners made in December 2020. This move follows Real's recent listing on the Nasdaq Capital Market on June 15, 2021, signaling significant financial activity for the company.
The Real Brokerage Inc. has commenced trading its Common Shares on the Nasdaq Capital Market under the symbol REAX as of June 15, 2021. This move follows a significant year-over-year growth, with a 90% increase in agent sign-ups, totaling over 2,300 agents. The company operates in 31 U.S. states and the District of Columbia, offering advanced technology that enhances the homebuying process for agents, buyers, and sellers. Additionally, the shares will continue trading on the TSX Venture Exchange under the same symbol.
