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.)
- $2.5M
- Price
- $2.99
- % Change (Daily % change from the live per-ticker quote feed.)
- +19.84%
- Volume
- 589.4K
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 outstanding820.9K
Computed float939.5K
Float / shares114.4%
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-generated1/40
majorbullishm and a
Reliance Global Group Signs LOI to Sell Altruis Benefit Consulting for $11 Million in Cash
Reliance Global Group signed a non-binding LOI to sell its Altruis Benefit Consulting subsidiary for $11 million in cash.
The transaction is expected to retire the company's entire $4.4 million term debt and generate approximately $7.6 million in aggregate incremental cash.
Proceeds will be redeployed into the company's AI platform and RELI Exchange network, with a targeted closing within 60 days.
Red flags
- Transaction is non-binding (LOI stage)
- No assurance definitive agreements will be executed