Reliance Global Group Withdraws Registration Statement With SEC
Portfolio Pulse from Benzinga Newsdesk
Reliance Global Group has withdrawn its registration statement with the SEC, eliminating the perceived warrant overhang and simplifying its capital structure. The company is optimistic about its future, including a planned acquisition of Spetner Associates, which is expected to significantly boost revenues and cash flows.
June 24, 2024 | 12:16 pm
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Reliance Global Group has withdrawn its registration statement with the SEC, eliminating the perceived warrant overhang and simplifying its capital structure. The company is optimistic about its future, including a planned acquisition of Spetner Associates, which is expected to significantly boost revenues and cash flows.
The withdrawal of the registration statement eliminates the perceived warrant overhang, which is a positive signal for investors as it simplifies the capital structure. Additionally, the planned acquisition of Spetner Associates is expected to drive significant revenues and cash flows, further boosting investor confidence.
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