Reliance Global Group Announces Enhanced Terms for Pending Spetner Acquisition

Cash required to close reduced by over $2 million

Acquisition remains on track - anticipated to close in the second half of 2024

LAKEWOOD, N.J., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today provided an update on the pending acquisition of Spetner Associates, including a significant reduction in the upfront cash payment required to close the transaction. The Company also reaffirmed that the transaction remains on track and is anticipated to close, as announced, in the second half of 2024.

Read more at globenewswire.com