Reliance Global Group enters ATM agreement to sell up to $858,637 of common stock

Reliance Global Group, Inc.

Entered into At Market Issuance Sales Agreement with EF Hutton LLC on Feb 15, 2024 to sell up to $858,637 of common stock.
Agent EF Hutton will receive 3.5% cash commission on gross proceeds from each sale.
Shares sold under existing effective shelf registration statement (File No. 333-275190) declared effective Nov 7, 2023.
Agreement terminates upon sale of all shares or termination by either party; no minimum obligation for EF Hutton to purchase.
Company to indemnify Agent against certain liabilities including under Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Reliance Global Group, Inc. entered into At Market Issuance Sales Agreement with EF Hutton LLC valued at $858,637 (effective 2024-02-15).

Action: entry
Agreement: atm program
Counterparty: EF Hutton LLC
Value: $858,637
Effective: 2024-02-15

Exact text from the filing

On February 15, 2024, Reliance Global Group, Inc. (the “Company”) entered into an At Market Issuance Sales Agreement (the “Agreement”) with EF Hutton LLC (the “Agent”), pursuant to which the Company may offer and sell, from time to time through the Agent, shares of its common stock, $0.086 par value per share (the “Shares”), having an aggregate offering price of up to $858,637.

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Reliance Global Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-006923

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