other_material
confidence high
sentiment neutral
materiality 0.55
Reliance Global Group enters $10M equity purchase agreement with White Lion Capital
Reliance Global Group, Inc.
- Up to $10M of common stock may be sold to White Lion at lowest traded price during 3-hour valuation period.
- Commitment period ends Dec 31, 2027 or when full $10M is purchased, subject to early termination conditions.
- White Lion receives $100K in commitment shares (two $50K tranches) valued at closing price on specified dates.
- Company must file resale registration statement within 10 business days and use best efforts to keep it effective.
- Exchange cap limits issuance to 19.99% of outstanding unless shareholder approval or price ≥ $0.9196.
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