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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.宣布对其普通股进行1股拆17股的股票回购,自2024年6月28日收盘后生效,分割调整后的交易将于2024年7月1日开始。这一反向股票回购旨在遵守纳斯达克最低买盘价格要求。此举将把约1570万股的流通股数降至大约921,000股,而不改变股票面值。该修正案不需要股东批准。与此同时,公司正在为准备收购Spetner Associates做出巨大的努力,预计将使年收入翻倍,达到约2,800万美元。Reliance Global Group是一家保险科技公司,利用人工智能和云技术增强保险行业。该公司的平台RELI Exchange和5minuteinsure.com为保险经纪公司和消费者提供创新解决方案。
2024年6月26日,Reliance Global Group, Inc.宣布对其普通股进行1股拆17股的股票回购,自2024年6月28日收盘后生效,分割调整后的交易将于2024年7月1日开始。这一反向股票回购旨在遵守纳斯达克最低买盘价格要求。此举将把约1570万股的流通股数降至大约921,000股,而不改变股票面值。该修正案不需要股东批准。与此同时,公司正在为准备收购Spetner Associates做出巨大的努力,预计将使年收入翻倍,达到约2,800万美元。Reliance Global Group是一家保险科技公司,利用人工智能和云技术增强保险行业。该公司的平台RELI Exchange和5minuteinsure.com为保险经纪公司和消费者提供创新解决方案。
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