Reliance Global Group, Inc.

Reliance Global Group, Inc. announced the launch of its proprietary AI agent designed for secure browser automation in regulated back-office operations. This in-house built agent aims to automate thousands of repetitive tasks for insurance teams while ensuring regulatory compliance through robust security features like policy-enforced controls and audit trails. The company expects the platform to enhance operational efficiency, aid in agency integration, and plans to commercialize it through various offerings, marking a significant step in its AI strategy.

Reliance Global Group, Inc. announced key leadership appointments to drive its new AI-focused strategy. Judah Korman was appointed Chief Operating Officer, Zack Wilder as Chief Technology Officer, and Mordy Beyman was promoted to Executive Vice President, all effective June 18, 2026. These appointments are central to the company's strategic shift towards developing AI-native insurance products and implementing an AI-powered insurance agency acquisition roll-up model. Mr. Korman's compensation includes a $300,000 base salary and a $300,000 annual equity award, with the related party transaction reviewed and approved by disinterested board members.

Reliance Global Group, Inc. announced key leadership appointments to drive its new AI-centric strategy. Judah Korman was named COO, Zack Wilder as CTO, and Mordy Beyman as EVP. These appointments, along with new engineers, will lead the company's dual mandate: an AI-powered insurance agency acquisition roll-up and the development of AI-native insurance products for mass-market distribution.

Reliance Global Group, Inc. announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement for continued listing. The company was previously notified of non-compliance on December 12, 2025. Nasdaq determined that the closing bid price of the company's common stock was at or above $1.00 per share for 10 consecutive business days from May 18, 2026, through June 1, 2026. CEO Ezra Beyman stated that regaining compliance reflects progress in strategic initiatives and reinforces commitment to Nasdaq standards, with a continued focus on growth and shareholder value.

Reliance Global Group provided an update on its post-quantum cybersecurity investment, ENQUANTUM Ltd., highlighting a significant technical milestone. The company noted accelerating global urgency for quantum-resilient cybersecurity, reinforced by the U.S. Department of Commerce's announcement of approximately $2.013 billion in CHIPS and Science Act incentives for quantum computing and infrastructure. Reliance Global Group believes this increasing alignment between government policy and enterprise planning validates its strategic investment in ENQUANTUM, which focuses on developing infrastructure-grade encryption for critical digital environments.

Reliance Global Group announced that its strategic investment, Enquantum Ltd., successfully completed a real-world private 5G deployment with a leading Israeli construction company. The pilot demonstrated advanced worker safety, real-time operational monitoring, and intelligent site management using 5G-connected smart helmets. The project received approval from the Israel Innovation Authority, reinforcing the commercial potential of Enquantum's advanced networking technologies for industrial applications. This success positions Enquantum to support next-generation private wireless applications across various industrial and smart mobility markets.

Reliance Global Group's Board of Directors approved a 1-for-40 reverse stock split to regain compliance with The Nasdaq Capital Market's $1.00 minimum bid price requirement. The split is expected to become effective on May 15, 2026, with trading on a reverse split-adjusted basis commencing May 18, 2026. This action will reduce the number of outstanding shares from approximately 22.23 million to about 555,764, while maintaining the par value and shareholder ownership percentages. CEO Ezra Beyman expressed optimism about the company's future and commitment to its business strategy.

Reliance Global Group, Inc. reported a net loss of $1.47 million for the first quarter of 2026, an improvement from a $1.74 million net loss in the prior year's quarter. Total revenue for the quarter decreased to $3.83 million from $4.24 million year-over-year. The company significantly strengthened its financial position by raising $2.54 million in net proceeds from a Series K Public Offering and increasing its Equity Line of Credit to $50 million. Additionally, Reliance Global made a strategic investment of $500,000 in Enquantum Ltd., acquiring a 23.8% stake in the quantum encryption technology company.

Reliance Global Group, Inc. reported Q1 2026 financial results, showing an improved net loss of $1.4 million compared to $1.7 million in the prior year. The company advanced its Scale51 strategy by increasing its ownership in Enquantum to approximately 29% and launching LifeSci Global Group with an initial investment in Innervate Radiopharmaceuticals. While commission income decreased due to 2025 portfolio realignment, the company strengthened its balance sheet with increased cash and working capital, and improved net income in its Insurance Segment.

Reliance Global Group, Inc. held its 2026 Annual Meeting of Stockholders on May 6, 2026, where a quorum was established with 45.13% of shares present. Stockholders elected five director nominees to serve until the 2027 Annual Meeting and ratified Urish Popeck & Co., LLC as the independent registered public accounting firm. Key approvals included an amendment to the 2025 Equity Incentive Plan, increasing available shares by 14,000,000 to a total of 16,000,000, and the issuance of shares under Nasdaq Listing Rule 5635(d).