Reliance Global Group, Inc. 8-K

What Happened

• Reliance Global Group, Inc. filed a Certificate of Amendment on May 12, 2026 and reported on Form 8‑K (filed May 14, 2026) that it will implement a 1-for-40 reverse stock split of its common stock. The Reverse Stock Split is expected to become effective at 5:00 p.m. Eastern time on May 15, 2026 (after Nasdaq close). Trading of the common stock on a split-adjusted basis is expected to begin at market open on May 18, 2026.
• As a result, outstanding common shares will be reduced from approximately 22,230,563 to approximately 555,764 shares. The company also amended its authorized common shares, reducing the authorization to 50 million shares. The par value and other terms of the common stock will not change. The post‑split CUSIP will be 75946W504. A press release about the Reverse Stock Split was issued May 14, 2026.

Key Details

• Reverse ratio: 1-for-40.
• Outstanding shares: ~22,230,563 → ~555,764 after the split.
• Authorized common shares reduced to 50,000,000.
• Effective date/time: 5:00 p.m. ET on May 15, 2026; Nasdaq trading adjusted May 18, 2026 open. New CUSIP: 75946W504.

Why It Matters

• A reverse stock split consolidates the number of outstanding shares and typically increases the per‑share price proportionally; holders’ percentage ownership generally remains the same except for any rounding adjustments. The company’s authorized share count was also lowered.
• For investors, the immediate practical effects are the change in share quantity, a new CUSIP, and trading on a split‑adjusted basis starting May 18, 2026. The filing includes a press release and the Certificate of Amendment as exhibits.