Reliance Global Group Announces Major Enhancement of Capital Structure Following Cashless Exercise of Warrants

June 20, 2024

https://www.globenewswire.com/news-release/2024/06/20/2901679/0/en/Reliance-Global-Group-Announces-Major-Enhancement-of-Capital-Structure-Following-Cashless-Exercise-of-Warrants.html

LAKEWOOD, N.J, June 20, 2024 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq:RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that its final large institutional investor has redeemed all of its outstanding Series B and Series G warrants. The Company now effectively has a much more simplified capital structure with no known significant institutional warrant holders and no significant warrant overhang.

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