Reliance Global Group

Reliance Global Group, Inc. is a diversified company, which engages in the business of insurance market and other relates sectors. It focuses on acquisition strategy, wholesale, and retail insurance agencies. The company was founded on August 2, 2013 and is headquartered in Lakewood, NJ.

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Reliance Global Group doubles revenue with Spetner acquisition, eyes growth

Reliance Global Group's Q1 2024 performance showcased growth potential through the Spetner acquisition, despite short-term financial challenges. The company's strategic focus on market expansion, service enhancement, and shareholder value creation positions it for future success.

Reliance Global Group reports growth and innovation, eyes Spetner acquisition

Reliance Global Group's Q3 performance reflects positive revenue growth, improved cost management, and strategic initiatives positioning the company for future growth and profitability.
While challenges like net losses persist, opportunities from the Spetner acquisition, AI solutions, and market expansion offer avenues for sustained growth and financial success.
Navigating market challenges and leveraging strengths in innovation and financial performance will be crucial for RELI to capitalize on growth opportunities and enhance shareholder value.

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LAKEWOOD, N.J., Feb. 24, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Reliance Global Group, Inc. (Nasdaq: RELI), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the appointment of Moshe Fishman as Director of Insurance Operations.  In this role, he will help oversee the integration of insurance agencies, as well as the rollout of the Company's new 5MinuteInsure.com platform.

Reliance Global Group Announces Appointment of Industry Pioneer and Entrepreneur Moshe Fishman as Director of Insurance Operations

The insurance brokerage industry is one of the oldest and most fragmented industries that has had a very limited penetration of technology over the years. This is the reason why any move by a company in the direction of technological implementation, particularly at a B2C level, could be perceived as a major green flag in favor of its stock.

Reliance Global: An Underpriced Insurance-Tech Gem

LAKEWOOD, NJ, Feb. 11, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Reliance Global Group, Inc. (Nasdaq: RELI), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the closing of an underwritten public offering of 2,070,000 shares of common stock and accompanying Series A warrants at a public offering price of $6.00 per share and accompanying Series A warrant, which included the full exercise of the underwriter's over-allotment option, for gross proceeds to the Company of approximately $12.42 million, before deducting underwriting discounts and other offering expenses.

Reliance Global Group Announces Closing of $12.42 Million Underwritten Offering Including Full Exercise of the Underwriters Over-Allotment Option

LAKEWOOD, NJ, Feb. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Reliance Global Group, Inc. (NASDAQ: RELI) ("Reliance" or "Company"), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the pricing of an underwritten public offering of 1,800,000 shares of common stock and accompanying Series A warrants at a public offering price of $6.00 per share and accompanying Series A warrant for aggregate gross proceeds of $10,800,000 prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 270,000 shares and accompanying Series A warrants at the public offering price less the underwriting discounts and commissions. The offering is expected to close on February 11, 2021, subject to satisfaction of customary closing conditions.

Reliance Global Group, Inc. Announces Nasdaq Listing and Pricing of $10.8 Million Public Offering

News for Reliance Global Group Stock (RELI)