Reliance Global Group, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Reliance Global Group, Inc. (RELI) on May 19, 2022, reporting events occurring on May 18, 2022. The Company is incorporated in Florida and its securities trade on The Nasdaq Capital Market.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document references pro forma financial statements filed concurrently but does not include the specific numerical values within this text.
Material Changes
The primary event reported is the resolution of a listing compliance matter. On May 18, 2022, the Company received confirmation from Nasdaq that it is now in compliance with Listing Rule 5635(d). This compliance was achieved following shareholder approval of the Company's January 2022 financing and Medigap acquisition, which became effective 20 calendar days after the mailing of the Definitive Schedule 14C.
Guidance, Outlook, and Risks
The filing includes a standard cautionary note regarding forward-looking statements, noting that actual results may differ due to risks and uncertainties. No specific financial guidance or outlook was provided in this report. The matter regarding the Nasdaq listing rule is now closed.
Key Facts for Investor Verification
- Confirm the Company's current compliance status with Nasdaq Listing Rule 5635(d).
- Review the pro forma financial statements filed with this 8-K for details on the January 2022 financing and Medigap acquisition.
- Verify the effective date of the shareholder approval for the financing and acquisition (May 18, 2022).