RELI - What's Going On With Reliance Global Stock After Its Reverse Split? | Benzinga
Reliance Global Group, Inc. (NASDAQ:RELI) shares are trading higher Monday. The stock began trading on a 1-for-17 reverse split-adjusted basis at Monday's opening bell.
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Reliance Global also announced the creation of a new Real Estate division intended to supplement, and not replace, its focus on acquiring accretive and cash flow positive insurance agencies. Reliance said it plans to launch the real estate division following the completed acquisition of Spetner Associates, expected to close in the second half of 2024.
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“We are excited to launch a significant initiative—a new division within Reliance dedicated to the acquisition and development of ...