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Reliance Global Group announces 1-for-40 reverse stock split to meet Nasdaq's $1 minimum bid price rule.

Company Fundamentals
14 May 2026
GlobeNewsWire
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Neutral
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Reliance Global Group, Inc. announced a 1-for-40 reverse stock split effective May 18, 2026, to comply with Nasdaq's minimum $1 bid price requirement. This move will reduce the number of outstanding shares from about 22.2 million to 555,764, adjusting stock options and warrants proportionally. The company aims to maintain its Nasdaq listing and remains optimistic about its future growth prospects. Shareholders holding stock certificates will receive instructions for exchanging shares, while those in brokerage accounts need not take action.

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