Reliance Global's Board Approves Rights Plan to Deter Unsolicited Bids

05:58 PM EDT, 09/03/2026 (MT Newswires) -- Reliance Global Group's (EZRA) board unanimously adopted a one-year rights plan "to protect stockholders from coercive or inadequate takeover attempts," the company said Thursday in a statement. The plan would allow shareholders other than an acquiring party to buy additional shares at a discount, substantially diluting the acquirer's stake, the company said. The rights become exercisable if a person or group acquires 15% or more of the common stock without board approval, while passive institutional investors may own up to 20% before triggering the plan, the company said.