Reliance Global Group Inc (RELI)

[shanak10]

It means to us that SEC Form S-1 is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national exchange, such as the New York Stock Exchange. I do not think we need to take any actions unless we wish to buy more shares in the hope that PPS will go up as the requirement of higher exchanges is that PPS has to be at least 3 dollars.
https://www.investopedia.com/terms/s/sec-form-s-1.asp