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Item 1A. Risk Factors.
Investing in our common stock involves a high degree of risk. You should consider carefully the information disclosed in Part I, Item 1A, Risk Factors, contained in our Annual Report on Form 10-K for the year ended December 31, 2023. Except , as disclosed below, there have been no material changes from the risk factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023, as amended same may be updated from time to time.
Our shares of common stock are currently listed on Nasdaq. If we fail to satisfy the continued listing requirements of The Nasdaq Capital Market, such as As a smaller reporting company, the corporate governance requirements, minimum bid price requirement or the minimum stockholders Company is not requity requirement, Nasdaq may take steps tred to delist our common stock. Any delisting would likely have a negative effect onisclose material changes to the price of our common stock and would impair stockholderisk factors ability to sell or purchase their common stock when they wish to do so.
As previously disclosed in the Current Report on Form 8-K filed on January 16, 2024 by the Company on January 12, 2024, the Company received written notice from Nasdaqs Listing Qualifications Department notifying tthat were contained in the Company that for the preceding 30 consecutive business days (November 29, 2023 to Jas Annuary 11, 2024), the Companys common stock did not maintain a minimum closing bid price of $1.00 per share as required by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate effect on the listing ol Report on Form 10-K for trading of the Companys common stock and the common stock continued to trade on Nasdaq under the symbol RELI. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until July 10, year ended December 31, 2024, to regain compliance with Nasdaq Listing Rule 5550(a) (2).
On July 16, 2024 Nasdaqs Listing Qualifications Department notified the Company that it had regained compliance with Nasdaq Listing Rule 5550(a)(2)3, as updated from time to time.