Replies to post #37160 on Reliance Global Group Inc (RELI)

[wingtrade]

363M/85.7 = 4.235M O/S
PLUS the new issuance assuming it is filled = 1.8M new shares
So... 4.235M + 1.8M = 6.035M new Outstanding count
Add in the warrants (if they're exercised) and the 270K 45-day over-allotment... and you come to a total fully diluted O/S of 8.375M shares.
Keep in mind if the warrants and 45-day option are all exercised then that puts another $10 or $12M cash in the company's B/S.
That would bring the fully diluted market cap to just about $50M @ $6/share.
Anyone correct me if I'm wrong.