Reliance Global Group Inc. Announces $2.5 Million Private Placement with Potential for Additional $4.25 Million from Short-Term Warrants

Reuters
06-24
Reliance Global Group Inc. Announces $2.5 Million Private Placement with Potential for Additional $4.25 Million from Short-Term Warrants

Reliance Global Group Inc. (Nasdaq: RELI) has announced it entered into definitive agreements for a private placement involving the issuance and sale of 1,488,096 shares of its common stock, or pre-funded warrants, along with short-term warrants for up to 2,976,192 additional shares. Priced at $1.68 per share, the offering is expected to generate approximately $2.5 million in gross proceeds, with the potential for an additional $4.25 million from the full exercise of the short-term warrants. H.C. Wainwright & Co. is acting as the exclusive placement agent. The proceeds will support working capital and general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Global Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-016131), on June 23, 2025, and is solely responsible for the information contained therein.

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