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Reliance Global Group, Inc. Report: December 2024 Form 8-K Filing Insights

$RELI
Form 8-K
Filed on: 2024-12-17
Source
Reliance Global Group, Inc. Report: December 2024 Form 8-K Filing Insights

Based on the provided section of the financial report, here are the key details extracted:

  1. Company Identification:
  • Name: Reliance Global Group, Inc.
  • CIK: 0001812727
  • Location: 300 Blvd. of the Americas, Suite 105, Lakewood, NJ 08701
  • Contact: (732) 380-4600
  1. Report Type:
  • Form 8-K filing, indicating a current report by the company.
  1. Filing Date:
  • December 16, 2024.
  1. Securities Information:
  • Common Stock:
    • Par Value: $0.086 per share.
    • Ticker Symbol: RELI (traded on NASDAQ).
  • Series A Warrants:
    • Purpose: To purchase shares of Common Stock at the same par value of $0.086.
    • Ticker Symbol: RELIW (traded on NASDAQ).
  1. Context and Period:
  • The reporting context is as of December 16, 2024.
  • The filing pertains specifically to the common stock and related warrants.
  1. Financial Measurement:
  • The report involves financial values measured in USD and shares.
  • Units of measure include both USD (currency) and shares, indicating a financial structure around equity.
  1. XBRL Contexts:
  • The document includes various XBRL contexts for reporting, indicating compliance with structured data reporting standards.

Insights:

  • Investor Consideration: The filing highlights ongoing capital structure elements, such as common stock and warrants, which investors should consider for equity investment and potential dilution.
  • Market Activity: The presence of both common stock and warrants suggests that the company is actively managing its capital strategy, offering investors various options for participation in the company's equity growth.
  • Regulatory Compliance: The use of XBRL indicates that Reliance Global Group is adhering to SEC reporting requirements, which is a positive sign for transparency and regulatory compliance.

Overall, this section provides foundational information about Reliance Global Group's current financial standing and securities which can be critical for investors and analysts evaluating the company's market position.