On June 26, 2024, Reliance Global Group, Inc. announced a 1-for-17 reverse stock split of its common stock, effective after market close on June 28, 2024, with trading on a split-adjusted basis beginning July 1, 2024. The reverse stock split aims to comply with Nasdaq's minimum bid price requirement. This action will reduce the number of outstanding shares from approximately 15.7 million to about 921,000 without altering the par value. Shareholder approval was not required for this amendment. Concurrently, the company is preparing for a significant acquisition of Spetner Associates, expected to double annual revenues to around $28 million. Reliance Global Group is an InsurTech company that leverages AI and cloud-based technologies to enhance the insurance industry. The company's platforms, RELI Exchange and 5minuteinsure.com, offer innovative solutions for both insurance agencies and consumers.

On June 26, 2024, Reliance Global Group, Inc. announced a 1-for-17 reverse stock split of its common stock, effective after market close on June 28, 2024, with trading on a split-adjusted basis beginning July 1, 2024. The reverse stock split aims to comply with Nasdaq's minimum bid price requirement. This action will reduce the number of outstanding shares from approximately 15.7 million to about 921,000 without altering the par value. Shareholder approval was not required for this amendment. Concurrently, the company is preparing for a significant acquisition of Spetner Associates, expected to double annual revenues to around $28 million. Reliance Global Group is an InsurTech company that leverages AI and cloud-based technologies to enhance the insurance industry. The company's platforms, RELI Exchange and 5minuteinsure.com, offer innovative solutions for both insurance agencies and consumers.