Reliance Global Group, Inc. (RELI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 56.5% of current shares
Recent Dilution: 487.01% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
560K
Potential Supply
310K
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

Summary

RELI currently has 556K outstanding shares. with significant dilution risk as 314K authorized shares could dilute existing holders by 56.5%. The company has significantly diluted shareholders by 487.01% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026
Stock Split

8-K filing: Stock split 1-for-40 | Outstanding: 22,230,563 → 555,764

560K 310K
May 07, 2026

10-Q filing | 22.2M shares outstanding

22M 13M
Mar 17, 2026

8-K filing: Reliance Global Group, Inc. settled claims related to prior stock purchase transactions by paying cash settlements to Rubin and Kreindler, and amended the Common Stock Purchase Agreement with White Lion Capital, LLC to extend the commitment period and increase the commitment amount. ($0.2M proceeds)

21M 13M
Mar 10, 2026

10-K filing | 21.3M shares outstanding

21M 13M
Jan 23, 2026

S-1 filing: RELIANCE GLOBAL GROUP, INC. is offering up to 7,800,312 units, each consisting of one share of common stock and two common stock warrants, as well as pre-funded units, each consisting of one pre-funded warrant and two common warrants, with the shares of common stock and common warrants issued separately.

11M 13M
Nov 21, 2025

8-K filing: Reliance Global Group, Inc. issued 450,000 shares of common stock to Convergence Strategy Partners, LLC for advisory services related to its digital asset treasury program.

9.9M 4.8M
Nov 06, 2025

10-Q filing | 9.9M shares outstanding

9.9M 4.8M
Aug 14, 2025

8-K filing: Reliance Global Group, Inc. entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC, under which the Company may offer and sell up to $2,026,453 shares of its common stock through Wainwright as its sales agent.

3M 4.8M
Jul 02, 2025

S-1/A filing: Registration Statement relates to the resale from time to time by the selling stockholders of up to 4,568,455 shares of the Company's common stock issuable upon the exercise of warrants.

3M 4.8M
Jun 25, 2025

S-1 filing: This prospectus relates to the offer and resale of up to 4,568,455 shares of common stock by selling securityholders, consisting of shares issuable upon the exercise of pre-funded warrants, common warrants, and placement agent warrants.

3M 4.8M
Jun 23, 2025

8-K filing: Reliance Global Group, Inc. entered into a securities purchase agreement for the issuance and sale of pre-funded warrants to purchase up to 1,488,096 shares of common stock and warrants to purchase up to 2,976,192 shares of common stock in a private placement, which closed on or about June 20, 2025, resulting in gross proceeds of approximately $2.5 million. ($2.5M proceeds)

3M 190K
Jun 16, 2025

RW filing: The Registrant has determined not to pursue, at this time, the public offering to which the Registration Statement relates and requests withdrawal of the Registration Statement.

3M 190K
May 14, 2025

10-Q filing | 3.0M shares outstanding

3M 9M
May 06, 2025

S-1/A filing: Reliance Global Group, Inc. is offering up to 8,771,930 units, each consisting of one share of common stock or one pre-funded warrant and two warrants, as well as placement agent warrants, with the common stock underlying these warrants also being registered.

3M 9M
Apr 09, 2025

S-1/A filing: Reliance Global Group, Inc. is offering up to 4,032,258 units, each consisting of one share of common stock or one pre-funded warrant to purchase one share of common stock, and two warrants to purchase one share of common stock, along with placement agent warrants to purchase up to 201,613 shares of common stock and shares underlying the warrants.

3M 4.4M
Mar 07, 2025

10-K filing | 2.9M shares outstanding

2.9M 190K
Feb 26, 2025

8-K filing: Reliance Global Group, Inc. issued 78,500 shares of common stock to Mr. Spetner and 78,500 shares of common stock to Agudath Israel of America on February 20, 2025, and issued 72,464 unregistered shares of common stock to Outside the Box Capital, Inc. on November 20, 2024, resulting in 2,869,869 shares outstanding as of February 20, 2025.

2.9M 190K
Nov 07, 2024

10-Q filing | 1.7M shares outstanding

1.7M 190K
Nov 04, 2024

8-K filing: Reliance Global Group, Inc. issued 70,032 shares of common stock each to Mr. Spetner and Agudath Israel of America on October 29, 2024, for a total prepayment of $329,430.53, bringing the total shares outstanding to 1,712,573 as of November 4, 2024. ($0.33M proceeds)

1.7M 190K
Jul 25, 2024

10-Q filing | 1.2M shares outstanding

1.2M 190K
Jun 28, 2024
Stock Split

8-K filing: Stock split 1-for-17 | Outstanding: 14,631,210 → 921,000

920K 190K
Jun 24, 2024

RW filing: The company is seeking withdrawal of the registration statement because the selling securityholder does not plan to proceed with reselling shares of the company's common stock.

8.5M 3.3M
Jun 24, 2024

8-K filing: Reliance Global Group, Inc. issued 4,243,714 shares of restricted common stock between May 21, 2024 and June 21, 2024 in exchange for services and warrants, resulting in 14,631,210 shares of common stock outstanding as of June 21, 2024.

15M 3.3M
May 20, 2024

10-Q filing | 8.5M shares outstanding

8.5M 7.5M
May 20, 2024

S-1/A filing: This prospectus covers the sale of an aggregate of up to 4,210,528 shares of our common stock issuable upon the exercise of 4,210,528 Series G warrants.

8.5M 7.5M
Apr 23, 2024

8-K filing: Reliance Global Group, Inc. issued 510,485 shares of restricted common stock to Julie A. Blockey on April 19, 2024, as part of the Make-Up Amount related to a purchase agreement amendment.

7.5M 7.5M
Apr 04, 2024

10-K filing | 5.7M shares outstanding

5.7M 7.5M
Jan 17, 2024

S-1 filing: This S-1 filing relates to the registration for resale of common stock issuable upon the exercise of Series G warrants, with the selling securityholder potentially selling shares at prevailing market prices.

4.8M 7.5M
Dec 14, 2023

8-K filing: Reliance Global Group, Inc. issued 65,000 shares of common stock on December 6, 2023 and 82,645 shares of common stock on December 8, 2023 to service providers and is issuing 300,000 shares of common stock pursuant to an exchange of warrants, resulting in 3,650,948 shares outstanding.

3.7M 3.3M
Dec 13, 2023

8-K filing: Reliance Global Group, Inc. entered into agreements regarding warrants and common stock, including an inducement offer to extend existing warrants, an exchange agreement for common stock, and an inducement offer to exercise warrants, resulting in the issuance of shares and warrants. ($1.38M proceeds)

2.5M 3.3M
Nov 13, 2023

10-Q filing | 2.5M shares outstanding

2.5M 3.3M
Oct 27, 2023

S-3 filing: Reliance Global Group, Inc. files an S-3 to offer and sell up to $50,000,000 of any combination of common stock, preferred stock, debt securities, warrants or units.

2.5M 3.3M
Oct 04, 2023

8-K filing: Reliance Global Group issued 174,610 shares of restricted common stock to a holder to satisfy a remaining balance of $500,000.00 owed under a purchase agreement. Following the issuance, the company's issued and outstanding common stock count will be 2,303,975. ($0.5M proceeds)

2.3M 3.3M
Sep 08, 2023

S-1/A filing: This is an S-1/A filing for the resale of common stock by a selling securityholder, including shares issuable upon exercise of prefunded warrants and common warrants.

2.1M 3.3M
Sep 06, 2023

POS AM filing: This prospectus covers the sale of an aggregate of 1,166,667 shares of our common stock issuable upon the exercise of our Series B Warrants for resale by selling securityholders.

2.1M 3.3M
Aug 10, 2023

10-Q filing | 2.1M shares outstanding

2.1M 4.2M
May 24, 2023

8-K filing: Reliance Global Group, Inc. issued 352,260 shares of common stock to Jonathan Fortman and Zachary Fortman in satisfaction of a remaining balance of $1,433,700 related to a purchase agreement. ($1.43M proceeds)

2M 4.2M
May 18, 2023

10-Q filing | 1.6M shares outstanding

1.6M 4.2M
Apr 04, 2023

S-1 filing: This prospectus covers the sale of an aggregate of 3,157,896 shares of common stock by one selling securityholder, including shares issuable upon the exercise of warrants and shares held for resale.

1.6M 4.2M
Mar 30, 2023

10-K filing | 1.6M shares outstanding

1.6M 1M
Mar 16, 2023

8-K filing: Reliance Global Group, Inc. completed a private placement offering involving the issuance of common shares, prefunded warrants, and common warrants to an institutional buyer, with EF Hutton acting as the placement agent.

1.4M 1M
Mar 14, 2023

8-K filing: Reliance Global Group, Inc. entered into a securities purchase agreement for a private placement offering of common stock, prefunded warrants, and common warrants, anticipating proceeds of approximately $4 million.

1.4M 1M
Feb 23, 2023
Stock Split

8-K filing: Stock split 1-for-15 | Outstanding: 20,935,115 → 1,395,674

1.4M 1M
Feb 16, 2023

8-K filing: Reliance Global Group, Inc. issued 1,001,148 shares of common stock upon conversion of $645,000 of a promissory note to YES Americana Group, LLC, resulting in 20,935,115 shares outstanding.

21M 15M
Jan 03, 2023

8-K filing: Reliance Global Group, Inc. issued 1,391,572 shares of common stock to Altruis Benefits Consulting, Inc. at a price of $0.50 per share, pursuant to a stock purchase agreement.

17M 15M
Nov 14, 2022

10-Q filing | 17.4M shares outstanding

17M 15M
Sep 26, 2022

8-K filing: Reliance Global Group, Inc. authorized a stock repurchase program to repurchase up to approximately 3.0 million shares of the Company's outstanding common stock.

16M 15M
Aug 15, 2022

10-Q filing | 16.5M shares outstanding

16M 15M
Jun 29, 2022

S-1/A filing: This S-1/A filing pertains to Reliance Global Group, Inc. and includes information about their business, insurance operations, acquisitions, recent developments including an underwritten public offering, private placement, and other corporate matters.

15M 15M
Jun 22, 2022

S-1/A filing: This is an S-1/A filing for Reliance Global Group, Inc. detailing their business operations, insurance acquisitions, recent developments including an underwritten public offering, private placements, and a Medigap acquisition. The filing also discusses risks associated with investing in their securities and cautionary notes regarding forward-looking statements.

15M 16M
May 16, 2022

10-Q filing | 11.3M shares outstanding

11M 16M
May 03, 2022

S-1/A filing: This S-1/A filing includes information about the company's business, insurance operations, recent developments, including an underwritten public offering, private placement, acquisitions, and remediation of a Nasdaq letter, as well as risk factors and cautionary notes regarding forward-looking statements.

11M 16M
May 02, 2022

8-K filing: Reliance Global Group, Inc. purchased all of the assets of Barra & Associates, LLC for $7,500,000 in cash and also entered into an employment agreement with Mr. Barra to receive 5,000 shares of Company common stock per quarter.

11M 17M
Mar 31, 2022

10-K filing | 11.3M shares outstanding

11M 17M
Mar 24, 2022

8-K filing: The company issued shares of common stock to holders and Medigap, and subsequently entered into exchange agreements to exchange common stock for Series C and D Warrants as part of a remediation plan accepted by Nasdaq.

11M 17M
Feb 01, 2022

S-1 filing: This S-1 filing includes information about Reliance Global Group, Inc.'s business, insurance operations, recent developments including an underwritten public offering and a private placement, and associated risks.

11M 17M
Jan 14, 2022

8-K filing: Reliance Global Group, Inc. purchased all of the assets of Medigap Healthcare Insurance Company, LLC for $20,096,250, including $18,138,750 in cash and 606,037 shares of restricted common stock.

11M 1.5M
Jan 06, 2022

8-K filing: Reliance Global Group, Inc. closed a private placement on January 5, 2022, selling common shares, Series B preferred stock, and warrants for approximately $20,000,000.

11M 1.5M
Dec 23, 2021

8-K filing: Reliance Global Group, Inc. entered into an Asset Purchase Agreement to purchase the Medicare supplement and related health insurance business of Healthcare Insurance Company, LLC, and also entered into a securities purchase agreement with institutional buyers for the purchase and sale of warrants, common stock, and convertible preferred stock in a private placement. ($20.0M proceeds)

11M 1.5M
Nov 09, 2021

10-Q filing | 11.0M shares outstanding

11M 1.5M
Aug 17, 2021

10-Q filing | 10.9M shares outstanding

11M 1.5M
May 13, 2021

10-Q filing | 10.9M shares outstanding

11M 1.5M
Mar 24, 2021

10-K filing | 6.4M shares outstanding

6.4M 1.5M
Feb 09, 2021

8-K filing: Reliance Global Group, Inc. announced the pricing of an underwritten public offering of 1,800,000 shares of common stock and accompanying Series A warrants at a public offering price of $6.00 per share and accompanying Series A warrant for aggregate gross proceeds of $10,800,000. ($10.8M proceeds)

10M 1.5M
Feb 05, 2021

S-1/A filing: An S-1/A filing indicating a combination offering including warrants to purchase common stock with an estimated maximum offering price for each share of common stock and Series A Warrant between $5.00 and $7.00.

10M 1.5M
Jan 28, 2021

S-1/A filing: This S-1/A filing pertains to a proposed offering of 1,500,000 shares of common stock and 1,500,000 Series A Warrants at an assumed price of $6.00 per share, with an option for underwriters to purchase an additional 225,000 shares and 225,000 warrants.

10M 1.5M
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime