Reliance Global Group Announces Major Enhancement of Capital Structure Following Cashless Exercise of Warrants
Reliance (RELI) Newsfilter·2024-06-20 20:30
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 ...