Reliance Global Group, Inc. (Nasdaq: EZRA) has finalized a public offering, issuing 7,407,408 shares of common stock or pre-funded warrants, along with warrants to purchase up to 14,814,816 additional shares. The combined offering price was set at $0.27 per share or pre-funded warrant. The warrants are exercisable immediately and will expire in two years.
The proceeds from this offering are expected to support the company’s ongoing business operations and growth initiatives.
**Why this matters**
This capital raise provides Reliance Global Group with additional financial resources, potentially enhancing its ability to invest in strategic opportunities and strengthen its market position. The offering also reflects investor interest in the company’s future prospects.