LAKEWOOD, N.J., June 24, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance", "we" or the "Company") today announced that it has withdrawn its previously filed registration statement with the Securities and Exchange Commission, which was originally filed to register the potential shares issuable under the Series G warrants. As previously announced, the institutional investor holding the Series B and Series G warrants elected to convert all of their warrants into a reduced ...

LAKEWOOD, N.J, June 20, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance", "we" or the "Company") today announced that its final large institutional investor has redeemed all of its outstanding Series B and Series G warrants. The Company now effectively has a much more simplified capital structure with no known significant institutional warrant holders and no significant warrant overhang. Ezra Beyman, CEO of Reliance, remarked, "We are pleased to report the elimination ...

Transformational acquisition expected to close in the second half of 2024 Projected to double Company's annualized revenue to approximately $28 million LAKEWOOD, N.J., June 18, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance", "we" or the "Company") today provided an update on the pending acquisition of Spetner Associates. Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group, commented, "We are excited to share that the anticipated impact of the p ...

财务数据和关键指标变化 - 公司收入(佣金收入)增加4%至4.1百万美元,主要由于持续的有机增长 [26] - 佣金费用增加18%至1.3百万美元,主要由于佣金收入增长带来的影响 [26] - 工资和薪酬略有增加4% [27] - 一般及行政费用增加537,000美元至1.4百万美元,主要由于收购成本和合规成本的增加 [27] - 净亏损增加3.5百万美元至5.3百万美元,主要由于计提3.9百万美元的无形资产减值 [28] - 调整后EBITDA为负74,000美元,预计将随着斯佩特纳收购的完成而改善 [29] 各条业务线数据和关键指标变化 - 公司未具体披露各业务线的数据和指标变化 各个市场数据和关键指标变化 - 公司未具体披露各市场的数据和指标变化 公司战略和发展方向及行业竞争 - 公司正在实施"一体化"战略,整合旗下9家代理公司,预计将显著提升收入和盈利能力 [10][11] - 公司宣布收购Spetner Associates,这是公司历史上最重要的收购,将大幅提升公司的实力和市场地位 [11][12][13][18][19][20] - Spetner的BenManage业务为公司带来创新的福利解决方案,有助于提升公司的服务能力和竞争优势 [14][15][17] - 收购Spetner预计将使公司收入增加一倍至约28百万美元,EBITDA增加4百万美元 [16][17] - 公司致力于通过技术创新和战略收购,将自身打造成为一家利润丰厚、市值数十亿美元的领先企业 [19][20][21][22] 管理层对经营环境和未来前景的评论 - 管理层对公司未来前景充满信心,认为收购Spetner将是公司发展的关键转折点 [10][11][12][13][18][19][20][21][22][23] - 管理层表示收购Spetner将大幅提升公司的市场地位、服务能力和增长动力 [13][16][17][18][19][20] - 管理层强调公司的使命是通过技术创新和战略收购来重塑行业格局,成为行业的领导者 [18][19][20][21][22] 问答环节重要的提问和回答 问题1 **Unidentified Analyst 提问** - 收购Spetner的预计完成时间以及2024财年预计贡献的收入和EBITDA [32][33][34][35][36][37][38][39] **Ezra Beyman 回答** - 预计在第三季度完成收购 - 2024财年预计贡献收入约7百万美元,EBITDA约2百万美元 [33][37][39] 问题2 **Unidentified Analyst 提问** - 收购Spetner的财务条款,以及对公司资产负债表的影响 [40][41][42][43][44][45][46][47] **Joel Markovits 回答** - 收购对价约13.7百万美元,现金8百万美元,剩余部分为承兑票据 - 收购完成后,公司资产将大幅增加,主要来自Spetner的应收账款和无形资产 - 负债方面,除承兑票据外,其他负债预计不会有太大变化 [44][45][46][47] 问题3 **Unidentified Analyst 提问** - 公司"一体化"战略的进展情况 [51] **Ezra Beyman 回答** - 已在整合承保合同、统一代理管理系统、优化供应商合同等方面取得进展 - 通过统一团队和系统,提高了跨部门协作,增强了企业文化和员工满意度 [52][53][54]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40020 RELIANCE GLOBAL GROUP, INC. (Exact name of registrant as specified in its charter) Florida 46-3390293 (State or other ju ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 20, 2024 RELIANCE GLOBAL GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Florida 001-40020 46-3390293 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No. ) 300 Blvd. of the Americas, Suite 105 Lakewood, New Jersey 08701 ...

Lakewood, NJ, May 16, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance" or the "Company"), announced today that it will host a conference call Monday, May 20, 2024, at 4:30 PM Eastern Time to discuss financial results for the first quarter of 2024 and provide a business update. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 512517. A webcast o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-40020 RELIANCE GLOBAL GROUP, INC. (Exact name of registrant as specified in its charter) Florida 46-3390293 (State or other jurisdi ...

Reliance Global Group, Inc. (NASDAQ:RELI) Q3 2023 Earnings Call Transcript November 13, 2023 4:30 PM ET Company Participants Ted Ayvas - IR Ezra Beyman - Chairman and CEO Joel Markovits - CFO Conference Call Participants Mike Albanese - EF Hutton Operator Greetings. Welcome to the Reliance Global Third Quarter 2023 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40020 RELIANCE GLOBAL GROUP, INC. (Exact name of registrant as specified in its charter) Florida 46-3390293 (State or othe ...