[SCHEDULE 13G] Reliance Global Group, Inc. SEC Filing

Rhea-AI Filing Summary

White Lion Capital, LLC reports beneficial ownership of 450,000 common shares of Reliance Global Group, Inc., representing 9.77% of the outstanding common stock. The ownership consists of shares issued pursuant to a purchase agreement and is reported as sole voting and sole dispositive power by White Lion Capital. The percentage is calculated using 4,605,474 shares outstanding as disclosed in the issuer's registration materials. The filing includes a certification that the holdings were not acquired to change or influence control of the issuer and are not held in connection with any transaction having that purpose.

Positive

• Beneficial ownership disclosed: 450,000 common shares reported, providing transparency to the market
• Material stake quantified: Represents 9.77% of outstanding common stock based on 4,605,474 shares, a clearly reported minority position
• Sole control noted: White Lion reports sole voting and sole dispositive power over the shares, clarifying who votes these shares
• Intent certification included: Filing contains certification that the shares were not acquired to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: A substantial passive stake—9.77%—is disclosed, signaling a meaningful minority position without claimed intent to control.

The Schedule 13G shows White Lion Capital holds 450,000 common shares with sole voting and dispositive power, calculated against 4,605,474 shares outstanding. Because the filer used Schedule 13G and included a certification denying acquisition for control, this appears to be a passive over-5% stake rather than an active proxy or control play. For investors, a near-10% holder is material to share register composition and could affect liquidity and block trade dynamics, but no explicit strategic plans or governance changes are indicated in the filing.

Corporate Governance Expert

TL;DR: Disclosure is clear on ownership and intent; absence of shared holdings or group designation reduces immediate governance complexity.

White Lion Capital is identified as a single reporting person with sole voting and dispositive authority over the 450,000 shares. The filing does not report membership in a group and includes the required certification that the position is not intended to effect control. From a governance perspective, this limits immediate triggering of coordination or change-of-control concerns, though the holder’s future filings or actions could alter that assessment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

RELIANCE GLOBAL GROUP, INC.

(Name of Issuer)

Common Stock, par value $0.086 per share

(Title of Class of Securities)

75946W405

(CUSIP Number)

09/15/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 75946W405

1

Names of Reporting Persons

White Lion Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 450,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 450,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

450,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.77 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Regarding Items 5, 7, and 9 - Consists of the deemed ownership of 450,000 common shares, par value $0.086 per share, of the Issuer (the "Common Shares") issued pursuant to a purchase agreement. Regarding Item 11 - Percentage calculated based on 4,605,474 Common Shares, consisting of 4,605,474 Common Shares outstanding as of August 26, 2025, as reported by the Issuer in its Registration Statement on Form S-1 filed with the Securities and Exchange Commission on August 27, 2025 and its related 424B3 Prospectus filed on September 5, 2025 (File No. 333-289900).

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RELIANCE GLOBAL GROUP, INC.
(b)	Address of issuer's principal executive offices: The Issuer's principal executive offices are located at 300 Blvd. of the Americas, Suite 105, Lakewood, New Jersey 08701
Item 2.
(a)	Name of person filing: White Lion Capital, LLC
(b)	Address or principal business office or, if none, residence: 17631 Ventura Blvd., Suite 1008, Encino, California 91316
(c)	Citizenship: Nevada
(d)	Title of class of securities: Common Stock, par value $0.086 per share
(e)	CUSIP No.: 75946W405
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information contained in rows 5 through and including row 11 on the cover page of this Schedule 13G, including the footnotes thereto, is incorporated by reference in this Item 4.
(b)	Percent of class: The information contained in rows 5 through and including row 11 on the cover page of this Schedule 13G, including the footnotes thereto, is incorporated by reference in this Item 4.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information contained in rows 5 through and including row 11 on the cover page of this Schedule 13G, including the footnotes thereto, is incorporated by reference in this Item 4.
	(ii) Shared power to vote or to direct the vote: The information contained in rows 5 through and including row 11 on the cover page of this Schedule 13G, including the footnotes thereto, is incorporated by reference in this Item 4.
	(iii) Sole power to dispose or to direct the disposition of: The information contained in rows 5 through and including row 11 on the cover page of this Schedule 13G, including the footnotes thereto, is incorporated by reference in this Item 4.
	(iv) Shared power to dispose or to direct the disposition of: The information contained in rows 5 through and including row 11 on the cover page of this Schedule 13G, including the footnotes thereto, is incorporated by reference in this Item 4.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

White Lion Capital, LLC

Signature:	/s/ Sam Yaffa
Name/Title:	Name: Sam Yaffa, Managing Partner
Date:	09/22/2025

FAQ

How many Reliance Global Group (RELIW) shares does White Lion Capital report owning?

450,000 shares of Reliance Global Group common stock, as reported on the Schedule 13G.

What percentage of RELIW does White Lion Capital's holding represent?

9.77% of the outstanding common shares, calculated using 4,605,474 shares outstanding per the issuer's registration materials.

Does White Lion Capital claim voting or dispositive power over these shares?

Yes. The filing reports sole voting power and sole dispositive power for the 450,000 shares.

Was the stake acquired to influence control of Reliance Global Group?

No. The Schedule 13G includes a certification stating the securities were not acquired and are not held to change or influence control of the issuer.

Under what authority is this Schedule filed?

Schedule 13G was used, indicating the filer reports a passive position under the applicable rules rather than an active solicitation or control intent.