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Reliance Global Group, Inc. declared a stockholder rights plan, distributing one preferred share purchase right for…
EZRAReliance Global Group, Inc.
Reliance Global Group, Inc. declared a stockholder rights plan, distributing one preferred share purchase right for each outstanding common share to holders of record as of September 18, 2026. The Rights Agreement, dated September 3, 2026, allows each right to purchase one-thousandth of a Series A Preferred Share at $14.00 per unit. The rights become exercisable if any person or group acquires beneficial ownership of 15% or more of the common stock without board approval. This poison pill is designed to protect shareholder value from coercive takeover attempts and expires on September 3, 2027. Reliance Global Group operates in the InsurTech industry, leveraging artificial intelligence and cloud computing to transform insurance brokerage operations.