Reliance Global Group closes $4.0M private placement; sells common shares and pre-funded warrants

Reliance Global Group, Inc.

Closed private placement: sold 155,038 common shares & 897,594 pre-funded warrants, each with warrants for up to 2,105,264 common shares total.
Gross proceeds ~$4.0 million; net proceeds for working capital and administrative purposes.
Common warrants exercisable at $3.55/share, locked for 6 months, expire 5.5 years from issuance; units priced at $3.80 effective per share.
EF Hutton acted as exclusive placement agent for the offering.

item 1.01 item 3.02 item 8.01 item 9.01

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. entered into Purchase Agreement with one institutional buyer (effective 2023-03-13).

Action: entry
Agreement: equity purchase
Counterparty: one institutional buyer
Effective: 2023-03-13

Exact text from the filing

on March 13, 2023, the Company entered into a securities purchase agreement (the "Purchase Agreement") with one institutional buyer appearing on the signature page thereto

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

Reliance Global Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-007928

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.