secwatch.observer — SEC 8-K summary
======================================

Issuer:     Reliance Global Group, Inc. (EZRA)
CIK:        0001812727
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001493152-22-011820
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Global Group acquires Barra & Associates for $7.5M; funds with $6.52M debt
--------------------------------------------------------------------------------

- Total purchase price of $7.5M: $6M cash at closing, $1.125M due in 6 months, $375K earnout over 2 years.
- Acquisition funded by $980K working capital and $6.52M loan from Oak Street Lending (Prime + 2.50%, 10-year term).
- Grant Barra appointed SVP; employment agreement: $200K base salary, 5,000 restricted shares per quarter, 3-year term.
- Acquisition closed on April 26, 2022; Barra brings 18+ years insurance industry experience.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812727/000149315222011820/0001493152-22-011820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812727/000149315222011820/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-011820

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer