From GlobeNewswire: 2025-06-18 19:00:00

Reliance Global Group, Inc. announced a private placement offering of 1,488,096 shares of common stock at $1.68 per share, with short-term warrants to purchase up to 2,976,192 shares. The aggregate gross proceeds are expected to be $2.5 million, with potential additional proceeds of $4.25 million from the warrants. The offering is set to close on June 20, 2025, with H.C. Wainwright & Co. as the exclusive placement agent. The Company plans to use the funds for working capital and general corporate purposes. The securities offered have not been registered under the Securities Act of 1933 and may only be sold to accredited investors.

Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech company utilizing AI and cloud-based technologies to enhance efficiency in the insurance industry. Their platforms, RELI Exchange and 5minuteinsure.com, provide tools for insurance agencies and consumers to compare and purchase insurance online. The Company also operates retail insurance agencies across the United States. This press release contains forward-looking statements and outlines the risks associated with the private placement offering. For more information, visit their website at https://www.relianceglobalgroup.com. Contact Crescendo Communications, LLC for further inquiries at +1 (212) 671-1020 or email [email protected].



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