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8-K: Current report

8-K: Current report

8-K:重大事件
美股sec公告 ·  06/26 09:18
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On June 26, 2024, Reliance Global Group, Inc. announced a 1-for-17 reverse stock split of its common stock, effective after market close on June 28, 2024, with trading on a split-adjusted basis beginning July 1, 2024. The reverse stock split aims to comply with Nasdaq's minimum bid price requirement. This action will reduce the number of outstanding shares from approximately 15.7 million to about 921,000 without altering the par value. Shareholder approval was not required for this amendment. Concurrently, the company is preparing for a significant acquisition of Spetner Associates, expected to double annual revenues to around $28 million. Reliance Global Group is an InsurTech company that leverages AI and cloud-based technologies to enhance the insurance industry. The company's platforms, RELI Exchange and 5minuteinsure.com, offer innovative solutions for both insurance agencies and consumers.
On June 26, 2024, Reliance Global Group, Inc. announced a 1-for-17 reverse stock split of its common stock, effective after market close on June 28, 2024, with trading on a split-adjusted basis beginning July 1, 2024. The reverse stock split aims to comply with Nasdaq's minimum bid price requirement. This action will reduce the number of outstanding shares from approximately 15.7 million to about 921,000 without altering the par value. Shareholder approval was not required for this amendment. Concurrently, the company is preparing for a significant acquisition of Spetner Associates, expected to double annual revenues to around $28 million. Reliance Global Group is an InsurTech company that leverages AI and cloud-based technologies to enhance the insurance industry. The company's platforms, RELI Exchange and 5minuteinsure.com, offer innovative solutions for both insurance agencies and consumers.
2024年6月26日,Reliance Global Group, Inc.宣佈普通股進行1比17的股票拆分,於2024年6月28日收盤後生效,在2024年7月1日開始以拆分調整的價格交易。此次反向股票拆分旨在符合納斯達克的最低要價規定。此舉將從約1570萬股降至約921000股,但不會改變股份的票面價值。此次修改無需股東批准。同時,該公司正在準備對Spetner Associates進行重大收購,預計收入將翻倍,達到約2,800萬美元。Reliance Global Group是一家InsurTech公司,利用人工智能和雲技術增強保險業。該公司的平台RELI Exchange和5minuteinsure.com爲保險機構和消費者都提供創新性解決方案。
2024年6月26日,Reliance Global Group, Inc.宣佈普通股進行1比17的股票拆分,於2024年6月28日收盤後生效,在2024年7月1日開始以拆分調整的價格交易。此次反向股票拆分旨在符合納斯達克的最低要價規定。此舉將從約1570萬股降至約921000股,但不會改變股份的票面價值。此次修改無需股東批准。同時,該公司正在準備對Spetner Associates進行重大收購,預計收入將翻倍,達到約2,800萬美元。Reliance Global Group是一家InsurTech公司,利用人工智能和雲技術增強保險業。該公司的平台RELI Exchange和5minuteinsure.com爲保險機構和消費者都提供創新性解決方案。
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