Reliance Global Group Inc. (Nasdaq: RELI) has announced it entered into definitive agreements for a private placement involving the issuance and sale of 1,488,096 shares of its common stock, or pre-funded warrants, along with short-term warrants for up to 2,976,192 additional shares. Priced at $1.68 per share, the offering is expected to generate approximately $2.5 million in gross proceeds, with the potential for an additional $4.25 million from the full exercise of the short-term warrants. H.C. Wainwright & Co. is acting as the exclusive placement agent. The proceeds will support working capital and general corporate purposes.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.