Reliance Global issues 1.39M shares to Altruis under amended stock purchase agreement

Reliance Global Group, Inc.

Amended Section 3.1.3.4 of 2019 Purchase Agreement to issue 1,391,572 shares of common stock at $0.50/share.
Shares satisfy amounts owed under the agreement for the acquisition of Altruis Benefits Consulting.
Issuance is an unregistered sale of equity securities, exempt from registration.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Reliance Global Group, Inc. amended Purchase Agreement with Altruis Benefits Consulting, Inc. valued at 1,391,572 shares of Common Stock (effective 2022-12-27).

Action: amendment
Agreement: equity purchase
Counterparty: Altruis Benefits Consulting, Inc.
Value: 1,391,572 shares of Common Stock
Effective: 2022-12-27

Exact text from the filing

On December 27, 2022, the Company and Altruis agreed to increase the number of shares of the Company’s common stock, par value $0.086 per share (the “Common Stock”), to be issued under such Section 3.1.3.4 of the Purchase Agreement, to a total of 1,391,572 shares of Common Stock (the “Shares”).

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Source: SEC EDGAR

accession 0001493152-23-000142

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