Thursday, May 06, 2021 11:59:20 AM
On January 21, 2021 pursuant to authority granted by the Board of Directors of the Company, the Company implemented a 1-for-85.71 reverse split of the Company’s issued and outstanding common stock simultaneously with its up listing to the Nasdaq Capital Market (the “Reverse Split”).
The number of authorized shares remains unchanged.
All share and per share information has been retroactively adjusted to reflect the Reverse Split for all periods presented, unless otherwise indicated.
The Company filed a Form 424(b)(4) on February 8, 2021 to offer 1,800,000 shares of common stock and accompanying Series A warrants at a public offering price of $6.00 per share and accompanying Series A warrant for aggregate gross proceeds of $10,800,000 prior to deducting underwriting discounts, commissions, and other offering expenses.
On February 11, 2021 the Company’s Chief Executive Officer, Ezra Beyman converted 394,493 shares of Series A Preferred Stock into common shares. The preferred stock to common stock conversion ratio is 1:10, for a total of 3,944,930 common shares issued.
On February 11, 2021 the Company’s Chief Executive Officer, Ezra Beyman converted approximately $3.8 million dollars of debt owed by Reliance Global Group, Inc. into equity for a price of $6 per share. The total amount of common shares issued after conversion were 633,333.
Recent RELI News
- Reliance Global Group Announces Enhanced Terms for Pending Spetner Acquisition • GlobeNewswire Inc. • 09/09/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 12:40:28 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 12:30:27 PM
- Reliance Global Group Announces Advanced Quote & Bind InsurTech Solution for Commercial Policies Launching in Q4 2024 • GlobeNewswire Inc. • 07/30/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/25/2024 08:10:47 PM
- Reliance Global Group Reports Second Quarter 2024 Results and Provides Business Update • GlobeNewswire Inc. • 07/25/2024 08:05:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 08:05:29 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/24/2024 08:12:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 08:15:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 12:30:34 PM
- Reliance Global Group Schedules Second Quarter 2024 Financial Results and Business Update Conference Call • GlobeNewswire Inc. • 07/19/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2024 12:08:27 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2024 12:07:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 12:30:38 PM
- Reliance Global Group Regains Compliance with Nasdaq Continued Listing Requirements • GlobeNewswire Inc. • 07/17/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 07:39:00 PM
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- Reliance Global Group Provides Update on Pending Spetner Acquisition • GlobeNewswire Inc. • 06/18/2024 12:30:00 PM
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