The Real Brokerage Inc. announced that its application for a voluntary delisting of its common shares from the Toronto Stock Exchange (TSX) has been approved.
The company, which maintains corporate offices in Toronto and New York City, expected that the common shares will be delisted from the TSX effective as of close of markets on Aug. 11. The common shares will continue to be listed and trade on the Nasdaq Capital Market under the symbol “REAX.”
“We have a deep appreciation for the Toronto Stock Exchange,” said Real Chairman and CEO Tamir Poleg. “At the same time, as we evaluated our long-term growth strategy and the liquidity afforded by being listed on the NASDAQ, we could no longer justify the financial and administrative costs associated with maintaining a dual listing.”
