Core Insights - Reliance Global Group has increased its investment in Zcash (ZEC) as part of its Digital Asset Treasury strategy, indicating confidence in ZEC's role within the company's long-term financial framework [1][3] - The architecture of Zcash, which combines Bitcoin-based security with optional privacy features, positions it as a leading privacy-preserving digital asset, aligning with regulatory and institutional needs [2][3] Company Strategy - The decision to deploy additional cash into Zcash is supported by ongoing analysis, reinforcing ZEC as the primary digital asset within Reliance's treasury strategy [3] - The company aims to provide clarity around its digital asset approach and participate in the evolution of privacy-enabled, compliance-ready digital assets, aligning with long-term value creation objectives [3] Technological Features - Zcash's dual-transaction model allows for both transparent and confidential transactions, which is seen as increasingly important as digital assets mature and institutional participation grows [2][3] - The privacy-preserving features of Zcash are believed to support the maturation of digital asset markets, making it a strategic choice for Reliance [3]

Core Insights - Reliance Global Group has completed a comprehensive adjustment of its Digital Asset Treasury (DAT), liquidating previous holdings and reallocating all funds to Zcash (ZEC) [1] - The decision was made based on a strategic assessment conducted in collaboration with a cryptocurrency advisory committee, aiming to establish a more focused treasury structure around Zcash to enhance asset transparency and strategic clarity [1] - Previously, Reliance had invested in ADA and ETH as part of its DAT strategy, although specific amounts were not disclosed [1]

Company Actions - Reliance Global Group 将其整个数字资产国库整合到 Zcash 中 [1] Industry Focus - 该公司认为 Zcash 的隐私架构非常适合机构战略 [1]

Core Viewpoint - Reliance Global Group has strategically realigned its Digital Asset Treasury by consolidating its holdings into Zcash (ZEC), reflecting a strong belief in Zcash's long-term potential and its unique position in the digital asset landscape [1][6]. Strategic Decision - The decision to focus on Zcash follows a comprehensive review by the company and the Crypto Advisory Board, which concluded that Zcash offers the most compelling opportunity for a long-term digital asset strategy [2][5]. - Zcash's privacy-centric architecture, built on Bitcoin's success, is viewed as a more attractive value proposition compared to a diversified portfolio of digital assets [2][4]. Zcash Attributes - Zcash combines robust security, optional privacy, and institutional-grade flexibility, distinguishing it from other blockchain networks [3][4]. - Its dual-transaction model allows for both transparent and privacy-centric activities, enabling organizations to maintain confidentiality while meeting regulatory requirements [3][7]. - Zcash has shown resilience during market volatility, appreciating over 1,200% in the past 90 days, indicating growing recognition of its technological advantages [4][6]. Institutional Relevance - The privacy architecture and compliance-ready design of Zcash are gaining traction in enterprise and financial sectors, making it a strategic fit for Reliance's Digital Asset Treasury [4][6]. - Zcash's features, such as selective disclosure and enterprise-grade confidentiality, support organizations in managing sensitive information while adhering to governance standards [7][8]. Leadership and Strategy - The strategic consolidation into Zcash is attributed to the leadership of Blake Janover, who provided renewed clarity and direction to the treasury strategy [6][8]. - The company emphasizes its commitment to clarity, discipline, and long-term value creation through this focused approach [6][8].

Core Insights - Reliance Global Group, Inc. has completed a strategic realignment of its Digital Asset Treasury by consolidating its digital asset position into Zcash (ZEC) [1] - The decision was made after a comprehensive strategic review, indicating that Zcash offers the most compelling opportunity for a long-term digital asset strategy [2] Group 1: Strategic Decision - The company has fully exited its prior holdings and reallocated the proceeds into Zcash, a leading privacy-preserving cryptocurrency [1] - The analysis highlighted Zcash's privacy-centric architecture as a more attractive value proposition for shareholders compared to a diversified portfolio of digital assets [3] Group 2: Zcash Attributes - Zcash combines robust security, optional privacy, and institutional-grade flexibility, distinguishing it from other major blockchain networks [4] - Its dual-transaction model allows for both transparent and privacy-centric activities, providing organizations with confidentiality while meeting regulatory expectations [5] Group 3: Technological Advancements - Zcash employs Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARK), enhancing the efficiency of private transactions [6] - Institutions can share transaction details with auditors or regulators without compromising sensitive data, supporting organizations that manage competitive information or sensitive financial activities [6] Group 4: Market Reaction - Following the announcement, RELI stock closed higher by 11.76% at $0.7205 [7]

Core Insights - Reliance Global Group has appointed Blake Janover as Chairman of its Crypto Advisory Board, aiming to enhance its blockchain-based value creation strategies in InsurTech and decentralized finance [1][6][7] - Janover is recognized for his leadership in integrating digital assets into public markets and will guide Reliance's Digital Asset Treasury initiative [2][5] - The appointment is strategically timed following significant consolidation in the crypto markets, which may present opportunities for disciplined digital asset allocation [6] Company Overview - Reliance Global Group, Inc. operates at the intersection of InsurTech and decentralized finance, leveraging AI and cloud technologies to improve efficiencies in the insurance industry [7] - The company offers a business-to-business InsurTech platform, RELI Exchange, and a consumer platform, 5minuteinsure.com, which provides quick online insurance quotes [7] Leadership Background - Blake Janover has over 20 years of experience and has been involved in billions of dollars in commercial property transactions and equity capital markets [4] - He previously founded and led Janover, which went public in 2023 and transitioned into Defi Development Corporation, focusing on digital asset transformation [2][4] Strategic Initiatives - As Chairman, Janover will collaborate with Reliance's management to advance the Digital Asset Treasury strategy and explore opportunities for tokenizing insurance-linked assets [5][6] - The tokenization initiative aims to enhance liquidity, accessibility, and efficiency in the insurance-linked marketplace, merging insurance with decentralized finance [6]

Financial Data and Key Metrics Changes - Unrestricted cash increased by approximately 590% to $2.6 million compared to the prior fiscal year end, reflecting improved liquidity [12][7] - Working capital rose by $1.2 million, or 284%, to $1.6 million, indicating a stronger financial position [12][7] - Equity increased by $3.7 million, or 125%, to $6.8 million, demonstrating significant growth in shareholder value [12][7] - Commission income totaled $2.5 million for the quarter, down from $3.4 million in 2024, primarily due to the asset sale of Fortman [13][14] - Net loss for the quarter was $1.2 million compared to $0.8 million in the prior year, influenced by non-cash equity compensation [15][14] Business Line Data and Key Metrics Changes - The sale of Fortman Insurance Services resulted in a $3 million gain, but also led to a reduction in short-term commission income [15][6] - Salaries and wages increased to $3.9 million this quarter from $1.7 million in 2024, mainly due to non-cash equity grants [14][15] - General and administrative expenses rose to $1.1 million from $0.8 million in 2024, attributed to non-employee non-cash equity payments [14][15] Market Data and Key Metrics Changes - The decrease in commission income was influenced by lower medical commission revenues and market conditions affecting the insurance sector [14][15] Company Strategy and Development Direction - The company is focusing on streamlining operations and reallocating resources towards higher-margin technology-driven business segments [5][6] - The launch of the new client service center aims to enhance scalability and partner productivity, reinforcing the company's InsureTech growth strategy [8][9] - The company is diversifying its treasury through a digital asset treasury initiative, investing in leading digital assets to enhance its balance sheet and maintain liquidity [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strengthened position and commitment to executing a disciplined growth strategy [11][10] - The company aims to balance reinvestment in operations with returning value to shareholders, as evidenced by the declaration of a special cash dividend [9][10] Other Important Information - The board approved a special cash dividend of $0.0003 per share, payable on December 2, 2025, to shareholders of record as of October 30, 2025 [9][10] - The company is committed to integrating technology and centralized resources to enhance collaboration and profitability across its platform [9][8] Q&A Session Summary Question: Was the dividend a one-time event or will it be considered in future quarters? - Management indicated that the dividend is something they are considering for the future, emphasizing their commitment to returning value to shareholders [17][18]

Acquisition Strategy - As of September 30, 2025, the company has acquired nine insurance agencies as part of its aggressive acquisition strategy[96] - The company has extensive experience in acquiring and managing insurance portfolios, focusing on undervalued agencies in growing or underserved segments[95] Market Expansion and Digital Initiatives - The company plans to focus on geographic expansion and market share growth over the next 12 months, alongside its Digital Asset Treasury Initiative[97] - The 5MinuteInsure.com platform operates in 46 states, allowing consumers to compare quotes from up to 30 insurance carriers in approximately 5 minutes[99] - The RELI Exchange platform has increased its agent roster by over 300% since its inception, enhancing the company's B2B capabilities[100] - The company aims to tokenize insurance-linked assets, potentially creating a new investment class that increases transparency and liquidity in the insurance market[101] - The company has adopted a "OneFirm" strategy to enhance cross-selling and operational efficiency across its agencies[102] Financial Performance - Commission Income decreased by 27% to $2,495,975 from $3,441,458, primarily due to loss of revenue from the sale of Fortman Insurance Services[130] - Salaries and wages increased by 129% to $3,912,326 from $1,707,737, influenced by non-cash share-based compensation[130] - General and administrative expenses rose by 36% to $1,120,776 from $821,510, driven by director non-cash equity awards[130] - Total operating expenses increased by 62% to $6,409,658 from $3,953,435, reflecting overall operational changes[130] - Loss from operations significantly increased by 664% to $(3,913,683) from $(511,977)[130] - Interest expense decreased by 31% to $(246,722) from $(356,320) due to payoffs on loan balances[130] - Gain on sale of business amounted to $3,033,554, reflecting a significant increase compared to the previous period[131] - AEBITDA improved to $(707,021) from $(749,530), indicating a positive trend in operational efficiency[131] - Other income decreased by 125% to $(16,470) from $65,785, primarily due to fluctuations in digital asset valuations[131] - The company is focusing on market expansion and operational efficiencies to mitigate losses and improve financial performance[130] - Commission Income decreased by 8.72% to $9,818,872 compared to $10,757,238 in the previous year[132] - Salaries and Wages increased by 58% to $8,705,682, primarily due to the elimination of "FIS" salaries[132] - General and Administrative expenses rose by 30% to $4,129,842, driven by director non-cash equity awards[132] - Loss from operations increased by 15% to $(7,692,638) compared to $(6,690,278) in the previous year[132] - Interest expense decreased by 23% to $(844,846) due to payoffs on the majority of loan balances[132] - Gain on sale of business (FIS) amounted to $3,033,554, reflecting a significant increase[133] - Total operating expenses remained relatively stable at $17,511,510, with a slight increase of 0% compared to the previous year[132] - AEBITDA showed a significant decline of 339% to $(918,706) from $(209,113) in the previous year[133] - Asset impairment was recorded at $0, a decrease of 100% from $3,922,110 in the previous year[132] - Marketing and Advertising expenses decreased by 34% to $201,399, aligning with the company's current marketing strategy[132] - For the nine months ended September 30, 2025, the company reported a net loss of approximately $5.6 million, an improvement from a net loss of approximately $7.7 million for the same period in 2024[134] - The company achieved AEBITDA of approximately $(918,706) for the nine months ended September 30, 2025, compared to $(209,114) for the same period in 2024[134] Capital and Financing Activities - The company entered into a Common Stock Purchase Agreement allowing it to sell up to $10 million of newly issued shares to White Lion Capital, enhancing its capital resources[113] - The company issued 450,000 shares of Common Stock for net proceeds of approximately $350,000, with an additional 300,000 shares issued post-quarter for approximately $300,000, leaving a remaining capacity of approximately $9.3 million under the ELOC[115] - The company sold 1,853,048 shares under the At-the-Market Program, generating net proceeds of approximately $2,021,681 after deducting sales commissions and offering expenses[117] - The company entered into a Private Placement agreement for the purchase of up to 1,488,096 shares at an exercise price of $0.001 per share, and up to 2,976,192 shares at an exercise price of $1.43 per share[118] - The company issued $100,000 of fully earned common stock as commitment shares in two tranches, with the first tranche of $50,000 issued as of September 30, 2025[114] - The company executed Amendment No. 1 to the Common Stock Purchase Agreement with White Lion Capital, allowing for a Fixed Purchase Notice option to sell shares at a price equal to 90% of the lowest traded price during a specified time[116] - The company intends to use net proceeds from the ATM Program for general corporate purposes[117] - The company has filed a registration statement on Form S-1 for the resale of shares issuable under the White Lion Agreements, which was declared effective on September 4, 2025[114] - The company raised approximately $4.5 million in net proceeds through equity financing programs during the nine months ended September 30, 2025, including $2.0 million from the ATM Program and $2.1 million from the Private Placement-2025[137] - The company has approximately $9.3 million of capacity remaining under the Equity Line of Credit as of September 30, 2025[138] Cash Flow and Liquidity - As of September 30, 2025, the company had a total cash balance of approximately $3.5 million, an increase from approximately $1.8 million as of December 31, 2024[140] - Cash flows provided by investing activities were approximately $4.3 million for the nine months ended September 30, 2025, compared to cash flows used of approximately $58,787 for the same period in 2024[145] - The company experienced a net cash used in operating activities of approximately $1.5 million for the nine months ended September 30, 2025, a slight improvement from $1.6 million for the same period in 2024[144] - The company reported a significant increase of approximately 590% in unrestricted cash since the fiscal year-end 2024[137] - Management intends to utilize net proceeds from financing for general corporate purposes, including working capital and technology development[139] Economic Outlook - The company anticipates that inflation may materially impact pricing and operating expenses in future periods[141]

Core Insights - Reliance Global Group, Inc. reported a significant transformation in its financial position, highlighted by the $5 million sale of Fortman Insurance Services, resulting in a $3 million gain and a 50% reduction in long-term debt [2][4] - The company is on track to issue its first-ever dividend of $0.03 per share, payable on December 2, 2025, reflecting confidence in its operational strength and strategic direction [4][5] - The company is advancing its Digital Asset Treasury Initiative, integrating blockchain technology into its capital appreciation model, and has acquired positions in several leading digital assets [2][6] Financial Performance - Unrestricted cash increased by approximately 590%, or $2.2 million, to $2.6 million compared to the prior fiscal year-end, while working capital grew by $1.2 million, or 284%, to $1.6 million [2][9] - Equity improved by approximately $3.7 million, or 125%, to $6.8 million, indicating a strengthened balance sheet [2][9] - Commission income for Q3 2025 totaled $2.5 million, down from $3.4 million in Q3 2024, primarily due to the sale of Fortman Insurance Services [9] Operational Updates - The company has implemented a Client Service Center within its RELI Exchange platform to enhance scalability and operational efficiency [2] - Total operating expenses for the quarter included approximately $2.7 million in non-cash stock-based compensation, reflecting a strategic investment in talent retention [2][9] - The OneFirm initiative continues to drive cost alignment and operational efficiency across the organization [2] Future Outlook - The company expresses confidence in its strategic direction and long-term opportunities, emphasizing disciplined execution and sustainable growth [6] - Reliance aims to build a more focused business with stronger financial flexibility and a clear path toward long-term shareholder value [2][6]

Core Viewpoint - Reliance Global Group, Inc. will host a conference call on November 6, 2025, to discuss its third-quarter financial results and provide a business update [1]. Group 1: Conference Call Details - The conference call is scheduled for November 6, 2025, at 4:30 PM Eastern Time [1]. - U.S. callers can join the call by dialing +1 800-715-9871, while international callers can dial +1 646-307-1963 [2]. - A webcast of the call will be available on the company's investor relations website [2]. Group 2: Replay Information - A webcast replay will be accessible through the investor relations section of the company's website until November 6, 2026 [3]. - A telephone replay will be available approximately one hour after the call until November 20, 2025, with specific dialing instructions for U.S. and international callers [3]. Group 3: Company Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [4]. - The company's B2B platform, RELI Exchange, offers independent insurance agencies tools to compete with larger national agencies while reducing operational costs [4]. - The B2C platform, 5minuteinsure.com, provides quick online insurance quotes for auto, home, and life insurance using AI and data mining [4]. - The company also operates a portfolio of retail insurance agencies across the U.S., offering a variety of insurance products [4].