Reliance Global Group (RELI) has provided an announcement.
Reliance Global Group, Inc. has recently increased its share count by issuing over 4.2 million restricted common shares in a span of one month, with the largest allocation exchanging Series G common stock purchase warrants. The company’s total shares reached over 14.6 million after these issuances, which were conducted without registration, leveraging exemptions under securities law. Moreover, the company retracted its registration statement for the potential shares under the Series G warrants following the redemption of all Series B and G warrants by an institutional investor.
See more insights into RELI stock on TipRanks’ Stock Analysis page.
