Reliance Global (NASDAQ: EZRA) updates $1.76M at-the-market stock offering
Rhea-AI Filing Summary
Reliance Global Group, Inc. filed Amendment No. 3 to its prospectus supplement, allowing ongoing at-the-market sales of common stock with an aggregate offering price of up to $1,764,443 under its existing agreement with H.C. Wainwright & Co., LLC as manager.
The amendment updates and supplements the company’s Form S-3 shelf registration and earlier prospectus supplements. Reliance Global Group has already offered and sold $2,343,660 of common stock under Form S-3 General Instruction I.B.6 during the 12-month period ending on the amendment date. A legal opinion from Zarif Law Group P.C. on the validity of the shares is included as an exhibit.
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FAQ
What did Reliance Global Group (EZRA) disclose in this 8-K filing?
Reliance Global Group disclosed that it filed Amendment No. 3 to its August 13, 2025 prospectus supplement. This amendment supports ongoing at-the-market sales of common stock under its Form S-3 shelf registration and existing agreement with H.C. Wainwright & Co., LLC.
How much stock can Reliance Global Group sell under the updated at-the-market program?
The company may offer and sell shares of common stock with an aggregate offering price of up to $1,764,443. These sales occur from time to time through H.C. Wainwright & Co., LLC under an existing at-the-market offering agreement.
What prior sales has Reliance Global Group made under Form S-3 General Instruction I.B.6?
Reliance Global Group has previously offered and sold $2,343,660 of its common stock under Form S-3 General Instruction I.B.6. This total covers the 12 calendar months ending on and including the date of Amendment No. 3.
Which documents are affected by Amendment No. 3 for Reliance Global Group (EZRA)?
Amendment No. 3 modifies and supplements the company’s Form S-3 registration statement, the base prospectus, the original August 13, 2025 prospectus supplement, and Amendments No. 1 and No. 2. It must be read together with these earlier documents.
Who is the sales agent for Reliance Global Group’s at-the-market offering?
H.C. Wainwright & Co., LLC serves as the manager under the At The Market Offering Agreement dated August 13, 2025. The firm handles sales of Reliance Global Group’s common stock pursuant to the updated prospectus documentation.
What legal opinion is included with Reliance Global Group’s 8-K related to the ATM amendment?
The filing includes an opinion from Zarif Law Group P.C. as Exhibit 5.1. This opinion addresses the validity of the Reliance Global Group common shares that may be issued under the at-the-market offering framework.