IPO - Reliance Global Group, Inc.

Form Type: S-1/A

Filing Date: 2025-05-06

Corporate Action: Ipo

Type: Update

Accession Number: 000164117225008886

Filing Summary: Reliance Global Group, Inc. is filing a Pre-Effective Amendment No. 2 to its Form S-1 registration statement in connection with an initial public offering (IPO) of up to 8,771,930 units. Each unit consists of one share of common stock or one pre-funded warrant to purchase one share of common stock and two warrants to purchase one share of common stock. The offering aims to raise funds through the issuance of common stock at an assumed public offering price of $1.14 per unit based on the market price of common stock on April 30, 2025. This offering features cashless exercise options for warrants and stipulates restrictions regarding ownership limits pertaining to pre-funded warrants. The document outlines the roles of the placement agent and expected delivery timelines for shares upon payment. Additionally, it highlights that the securities may not be sold until the registration statement is effective and includes various risk factors associated with the investment.

Form Type: S-1/A

Filing Date: 2025-04-09

Corporate Action: Ipo

Type: Update

Accession Number: 000164117225003304

Filing Summary: Reliance Global Group, Inc. is offering up to 4,032,258 Units, each consisting of one share of common stock and two Warrants to purchase shares at an exercise price of $1.55 per share. The offering is structured on a best-efforts basis with an assumed public offering price of $1.24 per Unit, reflecting the closing price of its common stock on April 2, 2025. The proposed issuance includes provision for Pre-Funded Warrants, catering to investors seeking to exceed a 4.99% ownership threshold. The pre-funded warrants will allow immediate conversion into common stock at a reduced initial exercise cost. The Company does not intend to establish a public trading market for these Units or the associated warrants, which limits their liquidity. The offering is part of Reliance's expansion strategy within the insurance sector, leveraging a robust acquisition model and enhancing its technological capabilities through platforms like 5MinuteInsure.com. The offering aims to close soon after commencement, with substantial growth planned through continued asset acquisitions in the insurance market.

Form Type: S-1

Filing Date: 2025-01-10

Corporate Action: Ipo

Type: New

Accession Number: 000149315225001714

Filing Summary: Reliance Global Group, Inc. filed a Form S-1 registration statement for an initial public offering of up to an unspecified number of units, each consisting of one share of common stock, one pre-funded warrant, and one warrant to purchase one share of common stock. The exact offering price and number of shares will be determined during the offering. The company is focusing on the insurance market and plans to continue its growth through an aggressive acquisition strategy. This document discusses its business operations including the RELI Exchange platform and ongoing acquisition of insurance agencies. It highlights the company's prior acquisitions, future plans, and outlines terms related to the warrants associated with the offering. No public trading market exists for the offered Units yet.