Reliance Global Group, Inc. Series A Warrants (RELIW)

Reliance Global Group announced a private placement of up to $6.75 million, with $2.5 million upfront and up to an additional $4.25 million from the exercise of short-term warrants. The company plans to use the proceeds for working capital and general corporate purposes.

Reliance Global Group has announced revised terms for its acquisition of Spetner Associates, reducing the upfront cash payment required. The transaction is expected to close in the second half of 2024 and significantly boost Reliance's annual revenue and Adjusted EBITDA.

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