Reliance Global Group, Inc. Files S-1 Registration Statement

TL;DR

<b>Reliance Global Group, Inc. has filed an S-1 registration statement with the SEC, indicating its status as a smaller reporting company.</b>

AI Summary

Reliance Global Group, Inc. (EZRA) filed a IPO Registration (S-1) with the SEC on January 17, 2024. Reliance Global Group, Inc. filed an S-1 registration statement with the SEC on January 17, 2024. The filing indicates the company is a smaller reporting company and a non-accelerated filer. The principal executive offices are located at 300 Boulevard of the Americas, Suite 105, Lakewood, NJ 08701. The company's IRS Employer Identification Number is 46-3390293. The filing is for registration under the Securities Act of 1933.

Why It Matters

For investors and stakeholders tracking Reliance Global Group, Inc., this filing contains several important signals. This S-1 filing is a prerequisite for a public offering of securities, suggesting potential future capital raising activities or stock market listing for Reliance Global Group. The classification as a 'smaller reporting company' and 'non-accelerated filer' provides insight into the company's current size and regulatory compliance status, which can influence investor perception and reporting requirements.

Risk Assessment

Risk Level: low — Reliance Global Group, Inc. shows low risk based on this filing. The risk is low as this is a standard S-1 filing for registration purposes and does not contain specific financial performance data or forward-looking statements that would indicate immediate business risks.

Analyst Insight

Monitor future filings for details on the proposed offering, including the number of shares, price range, and use of proceeds, to assess investment potential.

Key Numbers

• S-1 — Form Type (Registration Statement)
• 20240117 — Filing Date (Date of filing with SEC)
• 46-3390293 — IRS Number (Employer Identification Number)
• 08701 — ZIP Code (Business Address)

Key Players & Entities

• Reliance Global Group, Inc. (company) — Filer name
• Ezra Beyman (person) — Chief Executive Officer
• Laura Anthony (person) — Copies to counsel
• Craig D. Linder (person) — Copies to counsel
• Securities and Exchange Commission (regulator) — Filing recipient
• 300 Boulevard of the Americas, Suite 105, Lakewood, NJ 08701 (location) — Principal executive offices address

Forward-Looking Statements

• Reliance Global Group, Inc. will proceed with a public offering of securities. (Reliance Global Group, Inc.) — high confidence, target: As soon as practicable after the effective date of this registration statement.

FAQ

Industry Context

Reliance Global Group, Inc. operates within the insurance agents, brokers & services industry.

Regulatory Implications

The S-1 filing is made under the Securities Act of 1933, which governs the registration of new securities offerings in the United States.

What Investors Should Do

1. Review the full S-1 filing for details on the company's business, financial condition, and management.
2. Track subsequent SEC filings (e.g., 424B filings) for information on the actual offering details.
3. Analyze the company's industry and competitive landscape to understand its market position.

Key Dates

• 2024-01-17: S-1 Filing — Registration statement filed with the SEC.

Year-Over-Year Comparison

This is the initial S-1 filing for Reliance Global Group, Inc. as a public document, so there is no prior filing to compare against for this specific registration.

Key Financial Figures

• $0.086 — quo;shares&rdquo;) of our common stock, $0.086 par value per share (the &ldquo;common
• $0.6562 — of common stock at an exercise price of $0.6562 per share. We are registering the resal
• $0.4875 — stock on the Nasdaq Capital Market was $0.4875. You are urged to obtain current market
• $2,762,948 — ver, we expect to receive approximately $2,762,948 in gross proceeds assuming the cash exe
• $2.33 — th a weighted average exercise price of $2.33 per share; and 10,928 shares of commo
• $232.78 — th a weighted average exercise price of $232.78 per share. 4 RISK FACTORS Our bus

Filing Documents

• forms-1.htm (S-1) — 689KB
• ex5-1.htm (EX-5.1) — 28KB
• ex23-1.htm (EX-23.1) — 3KB
• ex107.htm (EX-FILING FEES) — 15KB
• forms-1_001.jpg (GRAPHIC) — 20KB
• 0001493152-24-002539.txt (&nbsp;) — 763KB

RISK FACTORS

RISK FACTORS 5 CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS 5

USE OF PROCEEDS

USE OF PROCEEDS 5 DIVIDEND POLICY 5 SELLING SECURITYHOLDERS 5 PLAN OF DISTRIBUTION 8

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 9 LEGAL MATTERS 14 EXPERTS 14 WHERE YOU CAN FIND ADDITIONAL INFORMATION 14 INFORMATION INCORPORATED BY REFERENCE 15 No dealer, salesperson or other individual has been authorized to give any information or to make any representation other than those contained in this prospectus in connection with the offer made by this prospectus and, if given or made, such information or representations must not be relied upon as having been authorized by us or the selling securityholder. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction in which such an offer or solicitation is not authorized or in which the person making such offer or solicitation is not qualified to do so, or to any person to whom it is unlawful to make such offer or solicitation. Neither the delivery of this prospectus nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in our affairs or that information contained herein is correct as of any time subsequent to the date hereof. For investors outside the United States: We have not and the selling securityholder have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United relating to, the offering of the shares of our common stock and the distribution of this prospectus outside the United States. i PROSPECTUS SUMMARY This summary highlights certain information about us, this offering, and selected information contained in this prospectus. This summary is not complete and does not contain all of the information that you should consider before deciding whether to invest in our common stock. For a more complete unders

Business

Business Overview Reliance Global Group, Inc. (the &ldquo;Company&rdquo;) (formerly known as Ethos Media Network, Inc.) was incorporated in Florida on August 2, 2013. In September 2018, Reliance Global Holdings, LLC, a related party (&ldquo;Reliance Holdings&rdquo;), purchased a controlling interest in the Company. Ethos Media Network, Inc. was renamed Reliance Global Group, Inc. on October 18, 2018. We operate as a company managing assets in the insurance markets, as well as other related sectors under the RELI Exchange umbrella. Our focus is to grow the Company by pursuing an aggressive acquisition strategy, initially and primarily focused upon wholesale and retail insurance agencies. We are led and advised by a management team that offers over 100 years of combined business expertise in insurance, real estate and the financial service industry. In the insurance sector, our management has extensive experience acquiring and managing insurance portfolios in several states, as well as developing specialized programs targeting niche markets. Our primary strategy is to identify specific risk to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. As part of our growth and acquisition strategy, we continue to remain acquisitive, seeking out synergistic strategic merger and acquisition (M&A) opportunities. We expect to close on multiple M&A transactions over the course of the next three years. As of January 16, 2024 we have acquired nine insurance agencies, including both affiliated and unaffiliated companies. During 2022, the Company acquired insurance entities, most notably, Barra & Associates, LLC., an unaffiliated full-service insurance agency, which we rebr

View Full Filing

View this S-1 filing on SEC EDGAR