Reliance Global Group, Inc. (RELI) has filed an amendment to its Form S-1 registration statement with the Securities and Exchange Commission (SEC) on May 20, 2024. The filing, Registration No. 333-276536, includes a pre-effective amendment to the Form S-1 registration statement under the Securities Act of 1933. The amendment details the registration of 4,210,528 shares of common stock issuable upon the exercise of Series G warrants, which were initially issued to a selling securityholder in a private placement transaction exempt from registration under Section 4(a)(2) of the Securities Act. The Series G warrants, with an exercise price of $0.26 per share, were part of an inducement agreement dated December 12, 2023. The company will not receive proceeds from the sale of shares by the selling securityholder but...Show More

Reliance Global Group, Inc. (RELI) has filed an amendment to its Form S-1 registration statement with the Securities and Exchange Commission (SEC) on May 20, 2024. The filing, Registration No. 333-276536, includes a pre-effective amendment to the Form S-1 registration statement under the Securities Act of 1933. The amendment details the registration of 4,210,528 shares of common stock issuable upon the exercise of Series G warrants, which were initially issued to a selling securityholder in a private placement transaction exempt from registration under Section 4(a)(2) of the Securities Act. The Series G warrants, with an exercise price of $0.26 per share, were part of an inducement agreement dated December 12, 2023. The company will not receive proceeds from the sale of shares by the selling securityholder but will receive proceeds from the exercise of the warrants if exercised for cash, intended for general corporate purposes. The common stock is quoted on the Nasdaq Capital Market under the symbol 'RELI'. The last reported sale price per share of common stock on the Nasdaq Capital Market was $0.3128 as of May 17, 2024. The company has also detailed its indemnification policies for directors and officers, its equity incentive plans, and recent sales of unregistered securities.