Reliance Global Group, Inc. Material Event - What Happened

This report explains the latest news regarding Reliance Global Group, Inc. (formerly RELI, now EZRA) in plain English. If you follow the stock or are just curious, here is what you need to know.

1. What happened?

Reliance Global Group announced a 1-for-40 reverse stock split. This means for every 40 shares you currently own, you will now hold one share. The company is also changing its ticker symbol from RELI to EZRA.

2. When did it happen?

The company announced this on May 14, 2026. The split takes effect after the market closes on May 15, 2026. You will see the new ticker (EZRA) and the adjusted share price when the market opens on May 18, 2026.

3. Why did it happen?

A reverse split is a way to boost the price of each share. By combining 40 shares into one, the price per share mathematically increases by 40 times. The primary goal is to meet the Nasdaq’s rule that stocks must trade for at least $1.00. If the price stays too low, the company risks being removed from the exchange (delisting).

4. Why does this matter?

While your share count and the price per share change, the total value of your investment stays the same at the moment of the split. If you held $100 worth of stock, you still hold $100 worth of stock afterward—just in fewer shares at a higher price. This move helps the company maintain its Nasdaq listing, which keeps the stock easier to trade.

5. Who is affected?

• Investors: Your brokerage account will update automatically. You do not need to take any action if your shares are in a standard brokerage account. If you hold physical paper certificates, the company’s transfer agent, VStock Transfer, LLC, will send you instructions.
• Traders: Update your watchlists to the new ticker, EZRA. The split also adjusts the terms of stock options and warrants to keep them consistent with the new share structure.
• Customers: This is a financial update. It does not change the company’s daily operations, insurance services, or technology platforms.

6. What should investors know?

• Don’t panic: A reverse split is a mathematical adjustment, not a change in the company’s underlying business performance.
• Watch the ticker: Ensure your trading platforms are updated to EZRA on May 18.
• Focus on the business: This move is about meeting exchange compliance rules. Your long-term success depends on the company’s ability to grow its insurance business and effectively leverage its technology.

7. Is this a good time to invest?

Whether or not to invest depends on your view of the company’s future. A reverse split doesn't make a company "better" or "worse" on its own—it just changes the share price. Before making a decision, look past the ticker change and ask yourself: Do I believe in the company's long-term strategy for its insurance and technology platforms? If the answer is yes, the split is simply a background event. If you are unsure, it may be a good time to review their latest quarterly earnings and growth projections.

Disclaimer: I am an AI, not a financial advisor. This summary is for informational purposes only and should not be taken as financial advice. Always do your own research before making investment decisions.