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8-K: Current report

8-K: Current report

8-K：重大事件
美股sec公告 ·  06/20 08:32
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On June 20, 2024, Reliance Global Group, Inc. announced the redemption of all outstanding Series B and Series G warrants by its final large institutional investor, leading to a simplified capital structure with no significant institutional warrant holders or overhang. CEO Ezra Beyman highlighted the cashless exercise of these warrants, which converted into a reduced number of common stock shares without the need for transaction incentives. Beyman expressed confidence that this development, along with the planned acquisition of Spetner Associates expected to double annualized revenues to $28 million, will unlock value for shareholders. Reliance Global Group, an InsurTech company, leverages AI and cloud technologies to enhance efficiency in the insurance industry through platforms like RELI Exchange for businesses and 5minuteinsure.com for consumers, in addition to operating physical insurance agencies.
On June 20, 2024, Reliance Global Group, Inc. announced the redemption of all outstanding Series B and Series G warrants by its final large institutional investor, leading to a simplified capital structure with no significant institutional warrant holders or overhang. CEO Ezra Beyman highlighted the cashless exercise of these warrants, which converted into a reduced number of common stock shares without the need for transaction incentives. Beyman expressed confidence that this development, along with the planned acquisition of Spetner Associates expected to double annualized revenues to $28 million, will unlock value for shareholders. Reliance Global Group, an InsurTech company, leverages AI and cloud technologies to enhance efficiency in the insurance industry through platforms like RELI Exchange for businesses and 5minuteinsure.com for consumers, in addition to operating physical insurance agencies.
2024年6月20日，Reliance Global Group, Inc.宣布其最后的大型机构投资者将赎回所有未偿还的B系列和G系列权证，从而实现了简化的资本结构，没有重大的机构持有人或过度悬挂。首席执行官Ezra Beyman强调这些权证的无现金行使，这些权证转换为较少的普通股份额，不需要交易激励。 Beyman表示，这一进展与计划中的Spetner Associates收购预计将使年化收入翻一番至2,800万美元的发展，将为股东创造价值。InsurTech公司Reliance Global Group通过平台如RELI Exchange（面向企业）和5minuteinsure.com（面向消费者）以及经营实体保险代理机构，利用人工智能和云技术提高保险行业的效率。
2024年6月20日，Reliance Global Group, Inc.宣布其最后的大型机构投资者将赎回所有未偿还的B系列和G系列权证，从而实现了简化的资本结构，没有重大的机构持有人或过度悬挂。首席执行官Ezra Beyman强调这些权证的无现金行使，这些权证转换为较少的普通股份额，不需要交易激励。 Beyman表示，这一进展与计划中的Spetner Associates收购预计将使年化收入翻一番至2,800万美元的发展，将为股东创造价值。InsurTech公司Reliance Global Group通过平台如RELI Exchange（面向企业）和5minuteinsure.com（面向消费者）以及经营实体保险代理机构，利用人工智能和云技术提高保险行业的效率。
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