Reliance Global terminates Spetner stock exchange agreement; exploring revised acquisition

Reliance Global Group, Inc.

Termination of Stock Exchange Agreement with Spetner Associates, Inc. and individuals, effective July 22, 2025.
Company issued 297,064 shares as non-refundable deposits under the agreement; accounting treatment to be evaluated.
No early termination penalties incurred; Spetner Parties represented no breach.
Company is exploring revised acquisition structure and alternative financing; no assurance of consummation.

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