IPO - Reliance Global Group, Inc.

Form Type: S-1/A

Filing Date: 2025-07-02

Corporate Action: Ipo

Type: Update

Accession Number: 000164117225017617

Filing Summary: Reliance Global Group, Inc. filed Amendment No. 1 to its Registration Statement on Form S-1 as exhibit-only to include previously omitted Exhibits 5.1 and 23.4. The registration statement remains unchanged aside from the inclusion of these exhibits. It outlines details regarding the non-accelerated filer status and classification as a smaller reporting company. Estimated costs associated with the securities offering total $35,818.34, which encompasses SEC registration fees, accounting fees, and legal fees. The document includes indemnification provisions for directors and officers under the Florida Business Corporation Act, highlighting potential liabilities under the Securities Act. It also includes details of recent unregistered securities transactions over the past three years, emphasizing several transactions related to acquisitions and share exercises, with specified amounts and classes of securities issued. The effective date for the proposed sale of the public offering is anticipated as soon as practicable following the statement's effectiveness.

Form Type: S-1

Filing Date: 2025-06-25

Corporate Action: Ipo

Type: New

Accession Number: 000164117225016320

Filing Summary: Reliance Global Group, Inc. filed a Form S-1 registration statement with the SEC on June 24, 2025, seeking to register up to 4,568,455 shares of common stock for resale by selling securityholders. This includes shares issuable upon the exercise of pre-funded warrants, common warrants at an exercise price of $1.43, and placement agent warrants at an exercise price of $2.10. The offering's proceeds will not directly benefit the company, as the selling securityholders will bear the commissions and discounts. The offering will commence as soon as the registration statement becomes effective. The company is identified as a smaller reporting and non-accelerated filer, pursuing an aggressive acquisition strategy in the insurance sector. Recent developments include a securities purchase agreement for additional common stock through a private placement and the planned acquisition of Spetner Associates, Inc. The Company also provided information about their proprietary insurtech platforms, 5MinuteInsure.com and RELI Exchange, aimed at enhancing operations within the insurance market. The document cautions potential investors about the risks involved and the uncertainties associated with such securities. The common stock is listed on Nasdaq under the ticker symbol "RELI."

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.