Reliance Global Group, Inc. - Current Report
Reliance Global Group, Inc. has filed a Form 8-K to report the adoption of a shareholder rights plan. The plan, effective September 3, 2026, involves issuing one preferred share purchase right for each common share outstanding as of September 18, 2026. These rights allow holders to purchase a fraction of a Series A Preferred Share at a specified price. The plan is designed to deter hostile takeovers by causing substantial dilution to any unauthorized acquirer. Key provisions include definitions of an "Acquiring Person," conditions for rights separation and exercisability, and mechanisms for exchange, redemption, and amendment of the rights. The company also filed a Certificate of Designations for Series A Preferred Stock, outlining its rights, preferences, and limitations, and issued a press release announcing the adoption of the Rights Agreement.