Reliance Global Group, Inc. (EZRA): Nasdaq/NYSE listing notice — Reliance Global receives Nasdaq bid price deficiency notice; faces delisting risk

Reliance Global Group, Inc.

Closing bid price below $1.00 for 30 consecutive business days ended Jan 12, 2024.
Has 180 days until July 10, 2024 to regain compliance by closing at $1.00+ for 10 consecutive days.
Company considering options including reverse stock split; no decision made.
Non-compliance has no immediate effect on trading under symbol RELI.
Failure to cure could lead to delisting from Nasdaq Capital Market.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Reliance Global Group, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

January 12, 2024, Reliance Global Group, Inc. (the “Company”) received a written notice (the “Bid Price Notice”) from the Listing Qualifications department (the “Nasdaq Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing on the Nasdaq Capital Market. The notification of noncompliance had no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market under the symb

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Reliance Global Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-002426

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