secwatch / observer

Reliance Global Group, Inc. — fact timeline

Source-grounded facts extracted from Reliance Global Group, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

EZRA Reliance Global Group, Inc. JSON
Governance Changes

Reliance Global Group, Inc.: Amended articles of incorporation to effect a 1-for-40 reverse stock split and decrease authorized shares to 50 million (effective 2026-05-15).

“On May 12, 2026, Reliance Global Group, Inc. (the “Company”) filed a certificate of amendment (the “Certificate of Amendment”) to its Articles of Restatement to the Articles of Incorporation, as amended (the “Articles of Incorporation”), with the Florida Department of State, Division of Corporations relating to a 1-for-40 reverse stock split (the “Reverse Stock Split”) of the outstanding shares of the Company’s common stock as well as the authorized number of shares of the Company’s common stock.”
Shareholder Votes

Reliance Global Group, Inc. shareholders approved Proposal 4 — Approval of Share Issuance under Nasdaq Listing Rule 5635(d): The issuance of shares of the Company’s common stock in excess of the Exchange Cap for purposes of Nasdaq Listing Rule 5635(d), pursuant to that certain Common Stock Purchase Agreement dated as of August 26, 2025, as amended, at the 2026-05-06 meeting.

“ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. On May 6, 2026, Reliance Global Group, Inc. (the “Company”) held its 2026 Annual Meeting of Stockholders (the “Annual Meeting”) via live webcast. As of March 5, 2026, the record date for the Annual Meeting, there were 21,253,013 shares of common stock outstanding and entitled to vote. At the Annual Meeting, 9,591,634 shares were present in person or represented by proxy, constituting approximately 45.13% of the shares entitled to vote and a quorum for the transaction of business. The following matters were voted upon at the Annual Meeting, and the final voting results, as certified by the Inspector of Elections, are set forth below. Proposal 1 — Election of Directors The following five director nominees were elected to serve until the 2027 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified: Nominee Votes For Votes Against Votes Abstained Broker Non-Votes Ezra Beyman 3,409,300”
Shareholder Votes

Reliance Global Group, Inc. shareholders approved Proposal 3 — Approval of Amendment to 2025 Equity Incentive Plan: The amendment to the Company’s 2025 Equity Incentive Plan, to increase the number of shares of common stock available for issuance thereunder by 14,000,000 shares, from 2,000,000 shares to 16,000,000 shares, was approved: at the 2026-05-06 meeting.

“ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. On May 6, 2026, Reliance Global Group, Inc. (the “Company”) held its 2026 Annual Meeting of Stockholders (the “Annual Meeting”) via live webcast. As of March 5, 2026, the record date for the Annual Meeting, there were 21,253,013 shares of common stock outstanding and entitled to vote. At the Annual Meeting, 9,591,634 shares were present in person or represented by proxy, constituting approximately 45.13% of the shares entitled to vote and a quorum for the transaction of business. The following matters were voted upon at the Annual Meeting, and the final voting results, as certified by the Inspector of Elections, are set forth below. Proposal 1 — Election of Directors The following five director nominees were elected to serve until the 2027 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified: Nominee Votes For Votes Against Votes Abstained Broker Non-Votes Ezra Beyman 3,409,300”
Shareholder Votes

Reliance Global Group, Inc. shareholders approved Proposal 2 — Ratification of Independent Registered Public Accounting Firm: The appointment of Urish Popeck & Co., LLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified: at the 2026-05-06 meeting.

“ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. On May 6, 2026, Reliance Global Group, Inc. (the “Company”) held its 2026 Annual Meeting of Stockholders (the “Annual Meeting”) via live webcast. As of March 5, 2026, the record date for the Annual Meeting, there were 21,253,013 shares of common stock outstanding and entitled to vote. At the Annual Meeting, 9,591,634 shares were present in person or represented by proxy, constituting approximately 45.13% of the shares entitled to vote and a quorum for the transaction of business. The following matters were voted upon at the Annual Meeting, and the final voting results, as certified by the Inspector of Elections, are set forth below. Proposal 1 — Election of Directors The following five director nominees were elected to serve until the 2027 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified: Nominee Votes For Votes Against Votes Abstained Broker Non-Votes Ezra Beyman 3,409,300”
Shareholder Votes

Reliance Global Group, Inc. shareholders approved Proposal 1 — Election of Directors: The following five director nominees were elected to serve until the 2027 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified: at the 2026-05-06 meeting.

“ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. On May 6, 2026, Reliance Global Group, Inc. (the “Company”) held its 2026 Annual Meeting of Stockholders (the “Annual Meeting”) via live webcast. As of March 5, 2026, the record date for the Annual Meeting, there were 21,253,013 shares of common stock outstanding and entitled to vote. At the Annual Meeting, 9,591,634 shares were present in person or represented by proxy, constituting approximately 45.13% of the shares entitled to vote and a quorum for the transaction of business. The following matters were voted upon at the Annual Meeting, and the final voting results, as certified by the Inspector of Elections, are set forth below. Proposal 1 — Election of Directors The following five director nominees were elected to serve until the 2027 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified: Nominee Votes For Votes Against Votes Abstained Broker Non-Votes Ezra Beyman 3,409,300”
Debt Financings

Reliance Global Group, Inc. incurred loan of up to $2,000,000 with LGG at 7% per annum maturing the fifth anniversary of the effective date of the Promissory Note (April 29, 2031).

“company (“EIG”) that is a wholly-owned subsidiary of the Company, and LGG entered into a Promissory Note (the “Promissory Note”) in the maximum aggregate principal amount of $2,000,000. The Promissory Note bears interest at 7% per annum, compounded annually and accruing daily. Advances under the Promissory Note may be made by EIG to LGG from time to time at”
Governance Changes

Reliance Global Group, Inc.: Filed Articles of Restatement to restate the articles of incorporation in their entirety (effective 2026-03-17).

“In addition, effective March 17, 2026, the Company filed the Articles of Restatement to the Articles of Incorporation of the Company (the “Articles of Restatement”) pursuant to Section 607.1007 of the Florida Business Corporation Act. The Articles of Restatement restate the Company’s articles of incorporation in their entirety.”
Governance Changes

Reliance Global Group, Inc.: Amended bylaws to allow the Board of Directors to set the annual meeting date rather than a fixed date of second Tuesday of April (effective 2026-03-11).

“On March 11, 2026, the Company adopted the amended and restated bylaws of the Company (the “Amended and Restated Bylaws”). The Amended and Restated Bylaws revise the provision governing the date of the Company’s annual meeting of shareholders to provide that the annual meeting shall be held on such date and at such time as may be designated from time to time by the Board of Directors, rather than on the second Tuesday of April of each year. No other substantive changes were made to the bylaws.”
Material Agreements

Reliance Global Group, Inc. amended Amendment No. 2 to Common Stock Purchase Agreement with White Lion Capital, LLC valued at Increased Commitment Amount to $50,000,000 and extended Commitment Period to December 31, 2028 (effective 2026-03-12).

“On March 12, 2026, the Company entered into Amendment No. 2 to the Common Stock Purchase Agreement (the “Amendment No. 2”) with White Lion Capital, LLC (the “Investor”).”
Material Agreements

Reliance Global Group, Inc. entered into Full and Final Release and Settlement Agreement (Kreindler Settlement Agreement) with Eliezer Kreindler and Lazar's Group, Inc. valued at Cash settlement amount of $40,350 (effective 2026-03-11).

“On March 11, 2026, the Company entered into a Full and Final Release and Settlement Agreement (the “Kreindler Settlement Agreement,” and together with the Rubin Settlement Agreement, the “Settlement Agreements”) by and among the Company, RGH, Ezra S. Beyman, Debbie Beyman, Eliezer Kreindler and Lazar’s Group, Inc.”
Material Agreements

Reliance Global Group, Inc. entered into Full and Final Release and Settlement Agreement (Rubin Settlement Agreement) with Eli Rubin and 93529113 Quebec Inc. d/b/a Excellent Photo valued at Cash settlement amount of $90,560 (effective 2026-03-13).

“On March 13, 2026, Reliance Global Group, Inc., a Florida corporation (the “Company”), entered into a Full and Final Release and Settlement Agreement (the “Rubin Settlement Agreement”) by and among the Company, Reliance Global Holdings, LLC (“RGH”), Ezra S. Beyman, Debbie Beyman, Eli Rubin and 93529113 Quebec Inc. d/b/a Excellent Photo.”
Material Agreements

Reliance Global Group, Inc. amended Amendment No. 1 to Share Purchase Agreement with Enquantum Ltd. valued at Company granted right to accelerate milestone tranche funding at its sole discretion (effective 2026-02-19).

“In connection with the Closing, on February 19, 2026, the Company and Enquantum entered into Amendment No. 1 to the Share Purchase Agreement (“Amendment No. 1”).”
Material Agreements

Reliance Global Group, Inc. entered into Share Purchase Agreement with Enquantum Ltd. valued at acquisition of up to 51% equity interest; initial ~8% stake; $166,000 bridge note conversion plus ad (effective 2026-02-23).

“As previously announced on February 5, 2026, Reliance Global Group, Inc., a Florida corporation (the “Company”), entered into a Share Purchase Agreement (the “Share Purchase Agreement”) with Enquantum Ltd., an Israeli company (“Enquantum”), pursuant to which the Company agreed to acquire, subject to specified milestone criteria and other customary conditions, up to 51% of Enquantum’s issued and outstanding share capital on a fully diluted basis.”
Material Agreements

Reliance Global Group, Inc. entered into Share Purchase Agreement with Enquantum Ltd. valued at $2,125,000 aggregate purchase price (effective 2026-02-05).

“On February 5, 2026, Reliance Global Group, Inc. (the “Company”) entered into a Share Purchase Agreement (the “Share Purchase Agreement”) with Enquantum Ltd. (“Enquantum”), pursuant to which the Company has agreed to acquire, over time and subject to the satisfaction of specified milestone criteria and other conditions, an aggregate equity interest equal to 51% of Enquantum on a fully diluted basis”
Material Agreements

Reliance Global Group, Inc. entered into Securities Purchase Agreement valued at approximately $2.0 million (effective 2026-01-29).

“In addition, pursuant to the securities purchase agreement entered into in connection with the Offering (the “Securities Purchase Agreement”), the Company agreed, subject to certain exceptions, (i) not to issue, enter into any agreement to issue, or announce the issuance or proposed issuance of any shares of Common Stock or securities convertible into or exercisable or exchangeable for shares of Common Stock for 30 days after the closing of the Offering and (ii) not to effect or enter into an agreement to effect any issuance of any securities involving a variable rate transaction (as defined in the Securities Purchase Agreement) for a period of one year following the closing of the Offering.”
Material Agreements

Reliance Global Group, Inc. entered into Note with Enquantum Ltd. valued at $166,000 (effective 2026-01-15).

“On January 15, 2026, Reliance Global Group, Inc. (the “Company”) entered into a secured convertible promissory note (the “Note”) with Enquantum Ltd. (“Enquantum”) pursuant to which the Company advanced to Enquantum $166,000 (the “Principal Amount”).”
Material Agreements

Reliance Global Group, Inc. entered into Purchase Agreement with Employee Benefit Solutions Inc valued at $1,050,000 in cash (effective 2025-12-23).

“On December 23, 2025, Reliance Global Group, Inc., a Florida corporation (the “Company”), Employee Benefits Solutions, LLC, a Michigan limited liability company, and US Benefits Alliance, LLC, a Michigan limited liability company (collectively, the “Seller”), each of which is a wholly owned subsidiary of the Company, and Employee Benefit Solutions Inc, a Michigan corporation (the “Purchaser”), entered into an Asset Purchase Agreement (the “Purchase Agreement”)”
M&A Transactions

Reliance Global Group, Inc. completed a disposition involving Employee Benefit Solutions Inc for $1,050,000 in cash (closed 2025-12-24).

“Time) on November 30, 2025 (the “Effective Date”). Pursuant to the Purchase Agreement, the Purchaser agreed to pay the Seller (or the Company, as directed by the Company) $1,050,000 in cash (the “Purchase Price”), payable at closing by wire transfer of immediately available funds. The Purchase Agreement provides that, following the closing and until no”
Listing & Compliance Notices

Reliance Global Group, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

“December 12, 2025, Reliance Global Group, Inc. (the “Company”) received a written notice (the “Bid Price Notice”) from the Listing Qualifications department (the “Nasdaq Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing on the Nasdaq Capital Market. The notification of noncompliance had no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market under the sym”
Equity Issuances

Reliance Global Group, Inc. issued 450,000 shares of common stock to White Lion for aggregate gross proceeds of $360,000.

“September 15, 2025 — White Lion ELOC Purchase Notice: 450,000 shares issued to White Lion pursuant to a purchase notice under the ELOC at a weighted average price of $0.80 per share for aggregate gross proceeds of $360,000.”
Equity Issuances

Reliance Global Group, Inc. issued 110,668 shares of common stock to Tomchei Shabbos for marketing services to the Company, with an aggregate value of $100,000.

“September 3, 2025 — Tomchei Shabbos: 110,668 shares issued to Tomchei Shabbos, for marketing services to the Company, with an aggregate value of $100,000.”
Equity Issuances

Reliance Global Group, Inc. issued 53,186 shares of common stock to White Lion for No cash proceeds were received by the Company for these commitment shares.

“August 27, 2025 — White Lion commitment shares: 53,186 shares issued to White Lion as commitment shares in connection with the Company’s equity line of credit (ELOC) facility. No cash proceeds were received by the Company for these commitment shares.”
Governance Changes

Reliance Global Group, Inc.: Increased authorized common stock from 117,647,058 shares to 2,000,000,000 shares, par value unchanged (effective 2025-02-07).

“On February 7, 2025, Reliance Global Group, Inc. (the “Company”) filed articles of amendment (the “Amendment”) to its articles of incorporation, as amended, with the Florida Secretary of State. The Amendment had the effect of increasing the total number of authorized shares of the Company’s common stock, $0.086 par value per share, from 117,647,058 to 2,000,000,000.”
Governance Changes

Reliance Global Group, Inc.: Reduced stockholder meeting quorum from majority to 33-1/3% and updated bylaw title to reflect company name changes (effective 2025-02-04).

“The Bylaws Amendment had the effect of (i) amending the title of the bylaws to be “Bylaws of Reliance Global Group, Inc.”, to reflect the change of Company’s name since adoption of the bylaws (in May 2017, the Company’s name was changed from Eye on Media Network, Inc. to Ethos Media Network, Inc., and in October 2018, the Company’s name was changed from Ethos Media Network, Inc. to Reliance Global Group, Inc.); and (ii) reducing the quorum needed to hold a meeting of the Company’s stockholders from a majority of the shares entitled to vote, represented in person or proxy, to thirty-three and one-third (33-1/3%) percent of the shares entitled to vote, represented in person or proxy.”
Material Agreements

Reliance Global Group, Inc. entered into Stock Exchange Agreement with Spetner Associates valued at $13,714,286.00 (effective 2024-05-14).

“On May 14, 2024, Reliance Global Group, Inc. (the “Company”) announced the signing of a definitive agreement to acquire Spetner Associates (“Spetner”), a well-established benefits enrollment company that, through its BenManage benefits enrollment company, is a leading provider of voluntary benefits to over 75,000 employees throughout the United States.”
Auditor Changes

Reliance Global Group, Inc. engaged Urish Popeck & Co., LLC as its auditor.

“On May 1, 2024, the Audit Committee of the Board of Directors of Reliance Global Group, Inc. (the “Company”) appointed Urish Popeck & Co., LLC (“Urish”) as the Company’s new independent registered public accounting firm.”
Earnings Releases

Reliance Global Group, Inc. reported the year ended December 31, 2023 results: revenue $13.7 million, net income $12.0 million.

“2023 Financial Highlights*: (approximates) ● Commission income increased by $2.0 million, or 17%, to $13.7 million in 2023, compared to $11.8 million in 2022, of which 67% is organic growth and 33%, is acquisition related. ● Commission expense increased by $592,000, or 19%, to $3.7 million in 2023, compared to $3.1 million in 2022, driven primarily by the Company’s increased commission income revenues. ● Salaries and wages remained relatively flat at $7.5 million, representing a nominal decrease of $5,000, or 0.1%, during 2023 compared to 2022, demonstrating the Company’s ability to effectively leverage its in-place talent (human capital) despite robust increases in top-line revenue. ● General and administrative expenses decreased by $869,000, or 18%, to $4.1 million in 2023, compared to $5.0 million in 2022, driven in part by OneFirm efficiencies gained, coupled with lower acquisition-related costs. ● Net loss was $12.0 million in 2023, compared to net income of $6.5 million in 2022.”
Shareholder Votes

Reliance Global Group, Inc. shareholders approved 2024 Equity Incentive Plan at the 2024-04-03 meeting.

“Stockholders voted to approve the 2024 Equity Incentive Plan, in accordance with the voting results listed below: For Against Abstain Broker Non-Votes 2,139,182 229,239 49,130 -”
Shareholder Votes

Reliance Global Group, Inc. shareholders approved Articles Amendment to Increase in Authorized Shares at the 2024-04-03 meeting.

“Stockholders voted to approve the potential issuance of shares of the Company’s common stock in excess of 19.99% of our outstanding common stock pursuant to Nasdaq listing rules, in accordance with the voting results listed below: For Against Abstain Broker Non-Votes 2,209,431 164,648 43,472 -”
Material Agreements

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

“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.”
Listing & Compliance Notices

Reliance Global Group, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5550(a)(2)).

“January 12, 2024, Reliance Global Group, Inc. (the “Company”) received a written notice (the “Bid Price Notice”) from the Listing Qualifications department (the “Nasdaq Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing on the Nasdaq Capital Market. The notification of noncompliance had no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market under the symb”
Material Agreements

Reliance Global Group, Inc. amended Third Amendment with Jonathan Fortman and Zachary Fortman valued at total remaining balance of $423,107 owed to both Jonathan Fortman and Zachary Fortman each under the (effective 2024-01-11).

“On January 11, 2024, the Parties entered into that certain third amendment to the Purchase Agreement (the “Third Amendment”), pursuant to which the Parties agreed to a total remaining balance of $423,107 owed to both Jonathan Fortman and Zachary Fortman each under the Purchase Agreement, for a combined total amount owed of $846,214 (the “Remaining Balances”).”
Material Agreements

Reliance Global Group, Inc. entered into Series F Inducement Agreement with accredited investors valued at approximately $1,381,474 (effective 2023-12-12).

“On December 12, 2023, the Company entered into that certain Inducement Offer to Exercise Series F Warrants to Subscribe for Common Stock with accredited investors (the “Series F Inducement Agreement”), pursuant to which (i) the Company agreed to lower the exercise price of the Series F Warrants to $0.6562 per share (which is equal to the Nasdaq minimum price) (the “Nasdaq Minimum Price”) and (ii) accredited investors agreed to exercise the remaining Series F Warrants to purchase 2,105,264 shares of Common Stock into 2,105,264 shares of Common Stock (the “Exercise Shares”) by payment of the aggregate exercise price of approximately $1,381,474 (gross proceeds before expenses, including but not limited to EF Hutton LLC, who acted as placement agent in connection therewith) .”
Material Agreements

Reliance Global Group, Inc. entered into Exchange Agreement with accredited investors (effective 2023-12-12).

“on December 12, 2023, the Company entered into that certain Exchange Offer of Warrants to Purchase Common Stock and Amendment with accredited investors (the “Exchange Agreement”), pursuant to which accredited investors will exchange its remaining Series B Warrants to purchase 300,000 shares of Common Stock for 300,000 shares of Common Stock (the “Exchange Shares”).”
Material Agreements

Reliance Global Group, Inc. entered into Inducement Offer to Extend Existing Warrants with accredited investors (effective 2023-12-12).

“On December 12, 2023, the Company entered into that certain Inducement Offer to Extend Existing Warrants with accredited investors (the “Inducement Offer to Extend Existing Warrants”), pursuant to which (i) the Company extended the expiration date of the remaining Series B Warrants held by accredited investors to December 28, 2028 and (ii) accredited investors waived a restriction in the December 2021 Purchase Agreement such that the Company will be permitted to consummate an “at-the-market offering””
Governance Changes

Reliance Global Group, Inc.: Increased authorized shares to 2.75 billion total, comprising 2 billion common and 750 million preferred shares, par value $0.086 per share (effective 2023-11-27).

“On November 27, 2023, Reliance Global Group, Inc., a Florida Corporation (the “Company”) filed a certificate of amendment (the “Certificate of Amendment”) to its Amended and Restated Articles of Incorporation (the “Articles of Incorporation”).”
Shareholder Votes

Reliance Global Group, Inc. shareholders approved 2023 Equity Incentive Plan at the 2023-11-14 meeting.

“Stockholders voted to approve the 2023 Equity Incentive Plan, in accordance with the voting results listed below”
Shareholder Votes

Reliance Global Group, Inc. shareholders approved Articles Amendment to Increase in Authorized Shares at the 2023-11-14 meeting.

“Stockholders voted to approve the amendment of the Company’s articles of incorporation, as amended, to increase the total number of authorized shares of our common stock, $0.086 par value per share, from 133,333,333 shares to 2,000,000,000 shares, in accordance with the voting results listed below”
Shareholder Votes

Reliance Global Group, Inc. shareholders approved Election of Directors at the 2023-11-14 meeting.

“Each of the following five nominees was elected to the Company’s Board of Directors, in accordance with the voting results listed below, to serve for a term of one year, until the next annual meeting of stockholders and until their successors have been duly elected and have qualified.”
Earnings Releases

Reliance Global Group, Inc. reported financial results for the three and nine months ended September 30, 2023.

“On November 13, 2023, Reliance Global Group, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2023.”
Material Agreements

Reliance Global Group, Inc. amended first amendment to the purchase agreement with Julie A. Blockey (the Holder) valued at total remaining balance of $500,000.00; issuance of 174,610 shares of common stock in satisfaction; (effective 2023-09-29).

“On September 29, 2023, the Parties agreed entered into that certain first amendment to the Purchase Agreement (the "First Amendment").”
Earnings Releases

Reliance Global Group, Inc. reported financial results for second quarter ended June 30, 2023.

“On August 10, 2023, Reliance Global Group, Inc. (the "Company") issued a press release announcing its financial results for the three and six months ended June 30, 2023.”
Material Agreements

Reliance Global Group, Inc. entered into Confidential Settlement Agreement and Mutual Release with the Company, Medigap Healthcare Insurance Agency, LLC, Pagidem, LLC, Joseph J. Bilotti, III, Kyle Perrin, Zachary Lewis, T65 Health Insurance Solutions, Inc., Seniors First Life, LLC valued at $2,900,000 (effective 2023-06-30).

“On June 30, 2023, Reliance Global Group, Inc. (the “Company”) entered into a Confidential Settlement Agreement and Mutual Release (the “Settlement Agreement”) by and between the Company, Medigap Healthcare Insurance Agency, LLC, a wholly owned subsidiary of the Company (the “Agency” and together with the Company, the “Reliance Parties”), Pagidem, LLC f/k/a Medigap Healthcare Insurance Company, LLC (“Pagidem”), Joseph J. Bilotti, III (together with Pagidem, the “Bilotti Parties”), Kyle Perrin, Zachary Lewis, T65 Health Insurance Solutions, Inc. f/k/a T65 Health Solutions, Inc. (“T65”), and Seniors First Life, LLC (collectively with Mr. Lewis and T65, the “Lewis Parties”).”
Material Agreements

Reliance Global Group, Inc. amended Second Amendment with Jonathan Fortman, Zachary Fortman, Fortman Insurance Services, LLC, and Fortman Insurance Agency, LLC valued at combined total amount owed of $1,433,700 (effective 2023-05-18).

“On May 18, 2023, the Parties entered into that certain second amendment to the Purchase Agreement (the “Second Amendment”).”
Earnings Releases

Reliance Global Group, Inc. reported financial results for first quarter ended March 31, 2023.

“On May 18, 2023, Reliance Global Group, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended May 18, 2023.”
Auditor Changes

Reliance Global Group, Inc. reported that prior financial statements should not be relied upon.

“On May 12, 2023, the Company determined that the following financial statements should be restated and should no longer be relied upon”
Earnings Releases

Reliance Global Group, Inc. reported the year-ended December 31, 2022 results: revenue $16.8 million.

“Reliance Global Group Achieves 73% Increase in Revenue to $16.8 Million for 2022”
Material Agreements

Reliance Global Group, Inc. entered into Purchase Agreement with one institutional buyer (effective 2023-03-13).

“on March 13, 2023, the Company entered into a securities purchase agreement (the "Purchase Agreement") with one institutional buyer appearing on the signature page thereto”
Earnings Releases

Reliance Global Group, Inc. reported the 2022 fiscal year results: revenue more than $16.5 million.

“traditional insurance agency, today provided preliminary revenue guidance for the 2022 fiscal year. The Company currently projects revenue for the 2022 fiscal year of more than $16.5 million, an increase of greater than 70% compared to 2021. Mr. Ezra Beyman, Chairman and CEO of Reliance, commented, “I am pleased to report that we are projecting more than a 70%”
Governance Changes

Reliance Global Group, Inc.: Approved and filed Articles of Amendment to effect a 1-for-15 reverse stock split and decrease authorized shares from 2,000,000,000 to 133,333,333 (effective 2023-02-16).

“On February 7, 2023, the Board of Directors (the “Board”) of Reliance Global Group, Inc., a Florida corporation (the “Company”) approved (i) a reverse stock split of the Company’s issued and outstanding common stock, par value $0.086 per share, on a one (1) for fifteen (15) basis (the “Reverse Stock Split”) and (ii) a decrease of the Company’s authorized number of shares of common stock on the same basis from 2,000,000,000 shares of common stock to 133,333,333 shares of common stock (the “Decrease in Authorized Securities” and the Reverse Stock Split and Decrease in Authorized Securities is referred to together herein as the “Corporate Actions”). The Company filed an Articles of Amendment (the “Amendment”) with the Secretary of State of the State of Florida on February 16, 2023 to effectuate the Corporate Actions.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.