Reliance Global adopts one-year stockholder rights plan

Reliance Global Group, Inc. (NASDAQ: EZRA) announced that its board of directors has unanimously adopted a one-year stockholder rights plan, according to a press release issued Sept. 3, 2026.

The board stated it believes the value of the company's assets exceeds its current market capitalization. The plan is set to expire on Sept. 3, 2027, unless redeemed or terminated earlier by the board.

Under the plan, the rights become exercisable if a person or group acquires 15% or more of the company's common stock without board approval. Passive institutional investors may hold up to 20%. If triggered, stockholders other than the acquiring party may purchase additional shares at a discount, diluting the acquirer's position.

Stockholders of record as of the close of business on Sept. 18, 2026, will receive one right for each share of common stock held. Each right entitles the holder to purchase one one-thousandth of a share of Series A Preferred Stock at $14.00 per one one-thousandth of a preferred share, subject to adjustment. The rights trade with the common stock, and no separate certificates will be issued unless the plan is triggered.

The board may redeem all rights at any time before any person becomes an acquiring person at a price of $0.001 per right. The plan does not prevent a board-approved sale, merger, or tender offer.

The plan contains no "dead-hand" provision and includes a "qualifying offer" provision that allows stockholders to call a special meeting to vote on redeeming the rights in response to a fully financed, all-cash or all-stock offer for all shares that meets specified conditions.

Full details are contained in a Current Report on Form 8-K and a Registration Statement on Form 8-A12B filed with the U.S. Securities and Exchange Commission.

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