UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement
On June 24, 2025, Reliance Global Group, Inc. (the “Company”) entered into an amendment (the “Credit Agreement Amendment”) to its Revolving Credit Facility Agreement dated March 5, 2025, with YES Americana Group, LLC (the “Lender”). The Credit Agreement Amendment increases the loan commitment under the facility to $2,000,000 from $600,000.
In connection with the Credit Agreement Amendment, the Company also entered into an amendment (the “Note Amendment”) to its Revolving Note dated March 5, 2025, in favor of the Lender. The Note Amendment reflects the revised loan commitment and provides that the principal amount payable under the Note will be the greater of $1,075,064 or the aggregate principal amount of all loans outstanding under the Revolving Credit Facility Agreement, as amended.
The foregoing descriptions of the Credit Agreement Amendment and the Note Amendment do not purport to be complete and are qualified in their entirety by reference to the full text of each of the Credit Agreement Amendment and Note Amendment, a copy of each of which is attached hereto as Exhibits 10.1 and 10.2, respectively.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Description | |
10.1 | Amendment, dated June 24, 2025, to the Revolving Credit Facility Agreement between the Company and YES Americana Group, LLC, dated March 5, 2025. | |
10.2 | Amendment, dated June 24, 2025, to the Revolving Note between the Company and YES Americana Group, LLC, dated March 5, 2025. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Reliance Global Group, Inc. | ||
Dated: June 24, 2025 | By: | /s/ Ezra Beyman |
Ezra Beyman | ||
Chief Executive Officer |