Reliance Global Group Announces Closing of $2 Million Public Offering

Reliance Global Group (Nasdaq: EZRA) closed a public offering on January 29, 2026, raising approximately $2.0 million in gross proceeds.

Rhea-AI Summary

Reliance Global Group (Nasdaq: EZRA) closed a public offering on January 29, 2026, raising approximately $2.0 million in gross proceeds.

The offering sold 7,407,408 common shares (or pre-funded warrants) and warrants to buy 14,814,816 shares at a combined public price of $0.27 per share.

The warrants are exercisable upon issuance, expire in two years, and H.C. Wainwright acted as exclusive placement agent. Net proceeds are intended for working capital, M&A strategies and general corporate purposes.

Positive

• Gross proceeds of approximately $2.0 million
• Issuance included 7,407,408 common shares or pre-funded warrants
• Warrants cover 14,814,816 additional shares exercisable upon issuance

Negative

• Potential dilution of up to 22,222,224 shares if all warrants exercised
• Net proceeds reduced by placement agent fees and offering expenses (amount not disclosed)
• Warrants expire in 2 years, creating near-term overhang risk

Argus Jan 30 session

+9.83% close to close Open Argus

Details

News Market Reaction – EZRA

On Jan 30, the first trading day after this news, EZRA closed 9.83% above the previous close.

Data tracked by StockTitan Argus for the Jan 30 session.

Market Context

On Jan 30, the first trading day after this news, the stock closed 9.8% above the previous close. A ...

Analysis

On Jan 30, the first trading day after this news, the stock closed 9.8% above the previous close. A strong positive reaction would have contrasted with the prior -28.35% move on the offering’s pricing news, suggesting a reassessment of the financing’s impact. With shares at $0.1971, below the 200-day MA of $0.25 and far under the $0.27 offering price, any sustained strength would likely reflect confidence in how the $2 million raise supports working capital and M&A plans despite dilution.

Key Figures

Shares offered: 7,407,408 shares Warrants offered: 14,814,816 warrants Offering price: $0.27 per share +5 more

Shares offered

7,407,408 shares

Common stock (or pre-funded warrants) in public offering

Warrants offered

14,814,816 warrants

Warrants to purchase common stock in offering

Offering price

$0.27 per share

Combined public offering price per share and associated warrants

Warrant exercise price

$0.27 per share

Exercise price for warrants issued in the offering

Gross proceeds

approximately $2 million

Gross proceeds from the public offering before fees and expenses

Form S-1 file number

File No. 333-292895

Registration statement declared effective by the SEC

SEC effectiveness date

January 28, 2026

Date registration statement on Form S-1 was declared effective

1-day price move

-28.35%

Price reaction around Jan 28, 2026 offering pricing news

Previous Offering Reports

1 past event · Latest: Jan 28

Same Type 1 event

1. Jan 28

   Equity offering pricing

   24h Move

   -28.4%

   Pricing of $2M public offering units at $0.27 with attached warrants.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

pre-funded warrants, warrants, exercise price, public offering, +4 more

8 terms

pre-funded warrants financial

"7,407,408 shares of common stock (or pre-funded warrants in lieu thereof)"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

warrants financial

"together with warrants to purchase up to 14,814,816 shares of common stock"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

exercise price financial

"The warrants have an exercise price of $0.27 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

public offering financial

"announced the closing of its previously announced public offering of 7,407,408 shares"

A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.

Form S-1 regulatory

"A registration statement on Form S-1 (File No. 333-292895) relating to the offering"

A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.

registration statement regulatory

"A registration statement on Form S-1 (File No. 333-292895) relating to the offering"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"The offering was made only by means of a prospectus forming part of the effective"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

Securities and Exchange Commission regulatory

"declared effective by the Securities and Exchange Commission (the “SEC”)"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LAKEWOOD, N.J., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced the closing of its previously announced public offering of 7,407,408 shares of common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 14,814,816 shares of common stock at a combined public offering price of $0.27 per share (or pre-funded warrant in lieu thereof) and associated warrants. The warrants have an exercise price of $0.27 per share, are exercisable upon issuance and will expire two years thereafter.

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

The gross proceeds to the Company from the offering were approximately $2 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for working capital, its M&A strategies and general corporate purposes.

A registration statement on Form S-1 (File No. 333-292895) relating to the offering was declared effective by the Securities and Exchange Commission (the “SEC”) on January 28, 2026. The offering was made only by means of a prospectus forming part of the effective registration statement relating to the offering. A final prospectus relating to the offering has been filed with the SEC.   Electronic copies of the final prospectus may be obtained on the SEC’s website at http://www.sec.gov and may also be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at placements@hcwco.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” “designed to,” “aim,” “seek,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding the intended use of net proceeds from the offering. These forward-looking statements are based on current expectations and assumptions that involve risks and uncertainties. There can be no assurance that these assumptions will prove accurate. Actual results could differ materially from those anticipated due to a variety of risks and uncertainties, including, without limitation, the risks described under “Risk Factors” in our registration statement on Form S-1 (File No. 333-292895) filed with the Securities and Exchange Commission. You are encouraged to carefully review such registration statement for a more complete discussion of these and other risks and uncertainties. Except as required by law, Reliance Global Group, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: EZRA@crescendo-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Reliance Global Group (EZRA) raise in the January 29, 2026 public offering?

The offering generated approximately $2.0 million in gross proceeds. According to the company, this figure is before deducting placement agent fees and other offering expenses that will reduce net proceeds.

What securities were sold in Reliance Global Group's (EZRA) offering and at what price?

The offering sold 7,407,408 common shares (or pre-funded warrants) plus warrants for 14,814,816 shares at $0.27 each. According to the company, the combined public offering price was $0.27 per share or pre-funded warrant.

How will Reliance Global Group (EZRA) use the net proceeds from the offering?

Net proceeds will be used for working capital, M&A strategies and general corporate purposes. According to the company, these are the stated intended uses, subject to change based on corporate needs.

How many additional shares could be created if all warrants from the EZRA offering are exercised?

If all warrants are exercised, up to 22,222,224 total shares could be outstanding including initial shares. According to the company, warrants cover 14,814,816 shares in addition to the 7,407,408 shares issued or pre-funded warrants.

When do the warrants issued in Reliance Global Group's (EZRA) offering expire and are they exercisable immediately?

The warrants are exercisable upon issuance and expire two years after issuance. According to the company, investors may exercise the warrants immediately and they carry a $0.27 exercise price per share.