EZRA$2.37+8.22%
Reliance Global Group, Inc.
Sector: Insurance Agents, Brokers & ServiceIndustry: Insurance - BrokersCountry: USExchange: Nasdaq
Mkt Cap:$3.98M
Float & O/S:
Inst Own:
DilutionScan read 57 of Reliance Global Group, Inc.'s SEC filings and found 8 warrant series, 2 ATM programs, 1 equity line, 1 shelf registration, 5 S-1 registrations and 2 completed offerings on file for EZRA. The latest dilution event on file is a registration statement on Aug 31, 2026. Analysis updated Oct 21, 2026.
Signal8 Summary
EZRA
Micro-cap pivoting to AI deal amid dilution risk
- Business
- WeakRevenue -11.6%, net loss $7M, runway 9.9 months
- Stock risk
- High$3.9M cap, reverse split, 959% resale registration
Snapshot
Reliance is a tiny insurance-brokerage holding company that's been shrinking and selling off pieces of itself. FY 2025 revenue fell 11.6% to $12.4M, with a $7.0M net loss and negative gross margin.
What's Happening Right Now
- : Reliance signed a non-binding LOI on Oct 22, 2026 to acquire a GPU cloud provider and rebrand as GPU Exchange (ticker XGPU), an all-cash deal of up to $4.5 million the company says involves no new shares and is funded with cash on hand; closing is targeted for early November 2026 but the agreement is not yet final.
- : Reliance fully repaid its roughly $4.4 million Oak Street Funding term loan on Oct 13, 2026, funded by proceeds from selling two non-core agencies plus collateralized cash, leaving it debt-free and eliminating about $1 million of annual debt service, with no new shares issued.
- : Reliance completed the sale of its Altruis Benefit Consulting subsidiary on Sep 23, 2026 for $8 million cash plus up to $1 million earnout, after an earlier $11 million LOI with a different buyer fell through in August; no shares were issued, but the divested unit's revenue leaves the company going forward.
- : On Sep 24, 2026, Reliance filed a prospectus registering 16.1 million shares (about 959% of shares outstanding) for resale under its $50 million equity line with White Lion Capital, priced at a discount to market, alongside a disclosed risk of delisting for falling below Nasdaq's $5 million market-value minimum.
- : Reliance completed the sale of Southwestern Montana Insurance Center for $2.625 million cash at closing on Sep 11, 2026, plus an uncapped earnout tied to future EBITDA, as part of its ongoing portfolio monetization strategy.
- : Reliance's board adopted a one-year stockholder rights plan on Sep 3, 2026, triggered if any party acquires 15% or more of shares without board approval, which the board framed as protecting against an undervalued takeover.
- Mon 31st Aug '26 · Registration: Registered 16.11M shares for sale on Form S-1.
- : Raised $716K in gross proceeds through an offering.
- : Sold $167K net / 74K shares through its at-the-market program, as stated for Jul 1, 2026 to Jul 30, 2026.
