Reliance Global Group (RELI) Announces 1-for-17 Reverse Stock Split
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Reliance Global Group Announces Reverse Stock Split
June 26, 2024 9:15 AM EDTLAKEWOOD, N.J., June 26, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (Reliance, we or the Company) today announced that the Companys Board of Directors approved a 1-for-17 reverse stock split (the Reverse Stock Split) of the Companys common stock (the Common Stock) in order to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market (Rule 5550(a)(2)). The Company was not required to obtain shareholder approval to effectuate the Reverse Stock Split. The Company filed articles of amendment to the Companys articles of incorporation, as amended, with the... More
