Highest-materiality recent filing
Reliance Global Group names new COO, CTO, and VP; outlines AI-powered insurance strategy
Judah Korman appointed COO; base salary $300k + annual equity award $300k (initial grant 21,941 shares).
Reliance Global Group regains Nasdaq minimum bid price compliance
Received Nasdaq notice on June 2, 2026 that bid price was >=$1.00 for 10 consecutive days May 18-June 1.
Reliance Global Group announces 1-for-40 reverse stock split to regain Nasdaq compliance
1-for-40 reverse stock split effective May 15, 2026 at 5:00 p.m. ET; adjusted trading begins May 18.
Reliance Global shareholders approve 14M share increase and issuance under purchase agreement
All five director nominees elected: Ezra Beyman, Alex Blumenfrucht, Scott Korman, Ben Fruchtzweig, Sheldon Brickman.
Reliance Global Group invests $2M in Innervate Radiopharmaceuticals via LifeSci Global biotech arm
LifeSci Global (51% owned by Reliance) agrees to acquire 421,053 Innervate units at $4.75/unit for $2M total; $500K funded at closing.
Reliance Global Group launches RELI Exchange 2.0 to scale agency platform
RELI Exchange 2.0 centralizes recruiting with pipeline stages, task management, and tracking.
Reliance Global settles stock guarantee claims for $131K; ups White Lion equity facility to $50M
Settled disputes with Rubin/Excellent Photo ($90,560) and Kreindler/Lazar's Group ($40,350) over stock purchase guarantees by CEO's entity RGH.
Reliance Global Group awards CFO Joel Markovits $50,000 one-time cash bonus
Compensation Committee approved $50,000 cash bonus for CFO Joel Markovits on March 2, 2026.
Reliance Global Group closes initial 8% stake in Enquantum with path to 51% control
Acquired ~8% equity of Enquantum Ltd. via conversion of $166K bridge note and cash investment.
Definitive agreement to acquire 51% of Enquantum for $2.125M, payable in milestone tranches over ~10 months.
Reliance Global Group files ATM prospectus amendment for $1.76M common stock offering
Filed Amendment No. 3 to prospectus supplement to sell up to $1,764,443 in common stock.
Reliance Global Group closes $2M public offering of common stock and warrants
Gross proceeds ~$2M from 7,407,408 shares (or pre-funded warrants) plus 14,814,816 warrants at $0.27/unit.
Reliance Global Group issues $166K secured promissory note to Enquantum for potential investment
RELI advanced $166,000 to Enquantum under a secured promissory note at 1% interest per annum.
Reliance Global Group sells non-core EBS unit for $1.05M cash; funds debt reduction and reinvestment
Cash proceeds of $1,050,000 from sale of non-core EBS/USBA agencies to an unaffiliated purchaser.
Reliance Global Group receives Nasdaq delisting notice for bid price below $1.00
Nasdaq notified Reliance on Dec 12, 2025, of non-compliance with minimum $1.00 bid price requirement.
Reliance Global appoints Blake Janover as Crypto Advisory Board Chairman; issues 450,000 shares
Blake Janover appointed Chairman of Crypto Advisory Board; will advise on digital asset treasury and blockchain strategies.
Reliance Global Group declares $0.03 special dividend; adds Bitcoin, XRP to treasury
Special cash dividend of $0.03 per share, payable Dec 2, 2025 to holders of record Oct 30, 2025.
Reliance Global Group completes first Ethereum purchase, issues 613,854 unregistered shares
Entered Interim Crypto Purchase Agreement with director Moshe Fishman to use his personal accounts for crypto buys until institutional account opens, approved by Audit Committee.
Board approved digital asset treasury strategy; plans to purchase up to $120M in cryptocurrencies (Bitcoin, Ethereum, Solana).
Reliance Global Group accelerates vesting of >1.2M shares for CEO, CFO, EVP
Compensation Committee approved full vesting on Sept 12, 2025 for certain restricted stock awards under 2024 and 2025 plans.
Reliance Global Group enters $10M equity purchase agreement with White Lion Capital
Up to $10M of common stock may be sold to White Lion at lowest traded price during 3-hour valuation period.
Reliance Global Group posts updated investor presentation on Form 8-K
Company made available an updated investor presentation dated August 19, 2025.
Reliance Global Group enters ATM equity offering for up to 2.03M shares
Agreement with H.C. Wainwright to sell up to 2,026,453 shares of common stock at market prices.
Reliance Global terminates Spetner stock exchange agreement; exploring revised acquisition
Termination of Stock Exchange Agreement with Spetner Associates, Inc. and individuals, effective July 22, 2025.
Reliance Global Group approves director pay hikes, $1.65M in executive RSU awards
Non-employee director base annual cash retainer increased to $52,000; committee chairs get additional fees totaling $60,000-$66,000.
Reliance Global sells Fortman Insurance for $5M; cuts debt 50%, annual savings >$1.8M
Closed sale of Fortman Insurance Services for $5M cash; sold at value above 2019 purchase price.
Reliance Global Group ups revolving credit facility to $2M from $600k
Loan commitment increased to $2,000,000 from $600,000 under Credit Agreement Amendment.
Spetner 2024 revenue $14.7M (up 85% YoY from $7.95M); net income $2.14M after $5.59M charitable contributions.
Reliance Global raises $2.5M in private placement; up to $6.75M with warrants
Sold 1,488,096 shares/pre-funded warrants and 2,976,192 warrants at $1.68/unit.
Reliance Global Group signs LOI to sell Fortman Insurance for $5M cash to fund Spetner acquisition
Signed non-binding LOI to sell Fortman Insurance Agency for $5 million in cash.
Reliance Global Group withdraws S-1 registration statement, abandons public offering
Filed withdrawal request for Form S-1 (No. 333-284218) effective June 16, 2025.
Reliance Global Group stockholders elect all directors and approve equity plan
All five director nominees elected; votes in favor ranged from 1,072,220 to 1,090,972.
Reliance Global Group Q1 net loss down 68% to $1.74M; AEBITDA turns positive $145K
Commission revenue increased 4% to $4.24M vs $4.08M in Q1 2024, driven by organic growth.
Reliance Global Group FY2024 revenue $14.1M (+2%); net loss narrows 24% to $9.1M
Commission income revenue $14,054,361, up 2% from $13,731,826 in 2023.
Reliance Global Group schedules Q4/FY2024 earnings call for March 6, 2025
Conference call scheduled for March 6, 2025 at 4:30 PM ET to discuss Q4 and full-year 2024 results.
Issued 78,500 shares each to Jonathan Spetner and Agudath Israel of America as non-refundable deposit prepayment of $239,425.
Reliance Global Group Expands Commercial Quote & Bind InsurTech Platform on RELI Exchange
Expansion follows successful beta launch of Commercial Quote & Bind InsurTech solution late last year.
Reliance Global Group increases authorized common shares from 117.6M to 2B
Authorized common stock raised from 117,647,058 to 2,000,000,000; effective February 7, 2025.
Reliance Global reduces stockholder meeting quorum to 33-1/3% via bylaw amendment
Board approved Amendment No. 1 to Bylaws on Feb 4, 2025.
Reliance Global shareholders approve 2B authorized shares, directors, incentive plan
Increase in authorized common stock from 117.6M to 2B shares approved (576,056 For, 204,315 Against).
Reliance Global: Spetner acquisition nearing close, expected to nearly double revenue to ~$28M
Spetner acquisition in final stages, on track for early 2025 close; will nearly double annual revenue to ~$28M and boost Adjusted EBITDA.
Reliance Global Group adjourns annual meeting to Dec 31, 2024 for further voting
Meeting adjourned on Dec 16, 2024 before any votes were taken; reconvened virtually at 1:00 p.m. ET on Dec 31, 2024.
Reliance Global Group engages Morrow Sodali for proxy solicitation ahead of Dec 16 meeting
Engaged Morrow Sodali LLC on Nov 11, 2024 to assist in proxy solicitation for annual meeting on Dec 16, 2024.
Reliance Global Q3 revenue up 5%; loss from ops improves 64%; positive AEBITDA
Commission income $3.44M (+5% YoY); total operating expenses $3.95M (-16% YoY).
On October 29, 2024, Reliance Global Group entered into Amendment No. 1 to the Stock Exchange Agreement with Spetner and Agudath Israel.
Reliance Global launches beta of AI-powered Quote & Bind for commercial policies ahead of schedule
Beta launched Sept 30, 2024, ahead of original Q4 2024 schedule.
Upfront cash consideration reduced from $8M to $5.5M; Michelle Spetner removed as party, Agudath Israel added.
Reliance Global Group unveils AI-driven commercial policy Quote & Bind solution; launch Q4 2024
New AI-powered Quote & Bind solution integrated into RELI Exchange for real-time commercial insurance quotes and binding.
Q2 revenues $3.2M (+1% YoY); net loss from continuing ops $1.5M, improved 62% YoY.
Reliance Global Group schedules Q2 2024 earnings call for July 25
Conference call on July 25, 2024 at 4:30 PM ET to discuss Q2 2024 results and business update.
promoted its current Chief Accounting Officer, Joel Markovits, to the position of Chief Financial Officer.
the Board approved Mr. Lebovics’ to assume the role of Senior Vice President of Acquisitions of the Company.
On May 27, 2022, Alex Blumenfrucht, the Company’s current CFO notified the Board of Directors (the “Board”) of the Company in writing of his decision to resign, which will become effective June 1, 2022, as he wishes to pursue another career opportunity outside the insurance agency industry.
Effective June 1, 2022, Reliance Global Group, Inc. (the “Company”) appointed William Lebovics to serve as Chief Financial Officer (CFO).
On April 26, 2022, Grant Barra was appointed Senior Vice President of the Company.
On February 1, 2022, the Company’s Board appointed Joel Markovits as its Chief Accounting Officer.
Max materiality 0.80 · Median 0.55 · Most common event other_material