Reliance Global Group Announces Withdrawal of Registration Statement

Core Viewpoint - Reliance Global Group, Inc. has successfully simplified its capital structure by withdrawing its registration statement for Series G warrants and converting all warrants held by an institutional investor into shares, which is expected to enhance shareholder value and drive significant revenues through the planned acquisition of Spetner Associates [1][4]. Company Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing artificial intelligence and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [5]. - The company's business-to-business platform, RELI Exchange, offers independent insurance agencies a comprehensive suite of tools to compete with larger national agencies while reducing operational costs [5]. - The business-to-consumer platform, 5minuteinsure.com, provides quick online insurance quotes for auto, home, and life insurance using AI and data mining [5]. - Reliance also operates a portfolio of retail insurance agencies across the United States, offering a diverse range of insurance products [5].