Reliance Global Group (RELI) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Reliance Global Group faces a potential dilution of shareholders’ equity with the issuance of 4,210,528 Series G Warrants. These warrants, exercisable at a reduced rate of $0.26 per share as of May 10, 2024, could lead to an increased number of common stock shares in the market. This influx of shares may depress the market value and adversely affect current shareholders’ investments. The exercise of these warrants represents a substantial risk, potentially diminishing the value of existing shares and the overall market perception of the company’s stock.
Overall, Wall Street has a Moderate Buy consensus rating on RELI stock based on 1 Buy.
To learn more about Reliance Global Group’s risk factors, click here.
