Reliance Global Group, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $4.0M
- Price
- $2.41
- % Change (Daily % change from the live per-ticker quote feed.)
- -3.60%
- Volume
- 7.7K
About
Reliance Global Group, Inc. acquires, owns, and manages insurance distribution and technology-oriented businesses in the United States. The company operates RELI Exchange, a business-to-business InsurTech platform and partner network designed to support insurance agents and agencies through technology-enabled tools and operational infrastructure; and 5MinuteInsure.com, a direct-to-consumer InsurTech platform designed to enable consumers to compare, quote, and bind certain insurance products through a streamlined digital interface. It also provides training and mentorship resources to support agent onboarding and business development through its platform; agency services for insurance products in the healthcare, life, bond, auto, and property and casualty sectors; and insurance marketing services. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. The company was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
Quick stats
Shares outstanding1.7M
Computed float1.4M
Float / shares81.5%
Cash runway (months)10.7
Key info
SectorFinancial Services
IndustryInsurance - Brokers
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001812727
AI Summary
AI-generated1/37
minorbullishdebt offering
Reliance Global Group Becomes Debt Free Following Retirement of 100% of Its Term Debt
Reliance Global Group repaid in full its Oak Street Funding term loan, retiring 100% of its term debt; the balance was approximately $4.4 million as of June 30, 2026.
The payoff was funded by asset sales of non-core agencies -- about $1.2 million from Southwestern Montana Insurance Center and $2.2 million from Altruis Benefit Consulting -- plus roughly $1.0 million of previously collateralized cash, with no shares issued. The company retains more than $6 million of cash.
Repayment eliminates roughly $1 million of annual debt service, including about $400,000 of interest and service fees, freeing cash for the company's AI platform and RELI Exchange network.
Red flags
- debt retired via asset sales, not operating cash flow -- divested agencies' revenue and cash flow are lost
- risk factors cite potential need for additional capital and Nasdaq continued-listing compliance