Summary by Futu AI
Reliance Global Group, Inc., listed on the Nasdaq under the symbol 'RELI', has filed Amendment No. 2 to its Prospectus Supplements on June 25, 2024. This amendment pertains to the company's ongoing 'at the market offering' program and updates the maximum amount of common stock that can be sold. The company may now offer and sell common stock up to an aggregate offering price of $1,331,530 through EF Hutton LLC, acting as the sales agent or principal. The amendment follows the sale of $1,521,937 worth of shares within the previous 12 months. The public float as of June 25, 2024, was valued at $8,560,402 based on the last reported sale price of $0.6039 per share. The company is subject to a selling limit of one-third of its public float in any 12-month period, as long as the public float is below $75 million. However, if the public float exceeds $75 million, these limitations will no longer apply. Investors are advised to consider the risks detailed in the Prospectus, Prospectus Supplements, and other SEC filings before investing.