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.
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