Company: HOUS
Filing Date: 2025-09-22
Form Type: 425
Source: 0001193125-25-209980
Chunk: 1

Company: Anywhere Real Estate Inc.
Filing Date: 2025-09-22
Form: 425
Chunk 1
---
 growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

| Item 1.01 | Entry into a Material Definitive Agreement. |

Merger Agreement On September 22, 2025, Compass, Inc., a Delaware corporation (the “ Company” or “ Compass”) entered into an Agreement and Plan of Merger (the “ Merger Agreement”) with Anywhere Real Estate Inc., a Delaware corporation (“ Anywhere”), and Velocity Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company (“ Merger Sub”). The Merger Agreement provides that, among other things and on the terms and subject to the conditions set forth therein, Merger Sub will merge with and into Anywhere (the “ Merger”), with Anywhere surviving the Merger as a wholly owned subsidiary of the Company. Merger Consideration On the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the “ Effective Time”), each share of common stock, par value $0.01 per share, of Anywhere (the “ Anywhere Common Stock”) issued and outstanding as of immediately prior to the Effective Time (other than any shares of Company Common Stock that are owned (i) directly or indirectly, by Anywhere or by the Company or Merger Sub, or (ii) by any direct or indirect subsidiary of either the Anywhere or Company, other than Merger Sub) will be converted into the right to receive 1.436 fully paid and nonassessable shares (the “ Exchange Ratio”) of class A common stock, par value $0.00001 per share, of the Company (the “ Company Shares”) and, if applicable, cash in lieu of fractional shares (collectively, the “ Merger Consideration”). The Merger is intended to qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code for U.S. federal income tax purposes. If the Merger is consummated, the shares of Anywhere Common Stock will be delisted from the New York Stock Exchange (the “ NYSE”) and deregistered under the Securities Exchange Act of 1934, as amended (the “ Exchange Act”). Treatment of Anywhere Equity Awards On the terms and subject to the conditions set