other_material
confidence high
sentiment neutral
materiality 0.60
Reliance Global raises $2.5M in private placement; up to $6.75M with warrants
Reliance Global Group, Inc.
- Sold 1,488,096 shares/pre-funded warrants and 2,976,192 warrants at $1.68/unit.
- Gross proceeds ~$2.5M upfront; additional ~$4.25M if warrants exercised for cash.
- Warrants exercisable at $1.43/share, expire 2 years from resale registration effective date.
- Proceeds to be used for working capital and general corporate purposes.
- H.C. Wainwright acted as sole placement agent, receiving 7% cash fee and placement agent warrants.
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