---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-035649"
form_type: "8-K"
ticker: "EZRA"
cik: "0001812727"
company_name: "Reliance Global Group, Inc."
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T04:56:19.990528+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Reliance Global Group settles $500K acquisition balance with $75K cash + 174,610 restricted shares

## Summary
- Company issued 174,610 restricted common shares and paid $75K cash to Julie Blockey to satisfy $500K remaining earn-out from 2019 purchase of Southwestern Montana Insurance Center.
- Outstanding shares increase to 2,303,975; shares valued at roughly $2.43 each at settlement, implying ~$425K equity portion.
- If RELI closing price is below $2.43 on March 29, 2024, company must pay cash and issue additional shares as a Make-Up Amount (capped at $425K minus value of initial shares).
- Shares issued under Section 4(a)(2) exemption; Holder represented as accredited investor; shares bear restrictive legend.

## SEC filing metadata
- accession: 0001493152-23-035649
- form_type: 8-K
- ticker: EZRA
- cik: 0001812727
- company_name: Reliance Global Group, Inc.
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812727/000149315223035649/0001493152-23-035649-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812727/000149315223035649/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-035649
- JSON: https://secwatch.observer/filing/0001493152-23-035649.json
- Plain text: https://secwatch.observer/filing/0001493152-23-035649.txt

## Key facts
- Material Agreements
  Reliance Global Group, Inc. amended first amendment to the purchase agreement with Julie A. Blockey (the Holder) valued at total remaining balance of $500,000.00; issuance of 174,610 shares of common stock in satisfaction; (effective 2023-09-29).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: Julie A. Blockey (the Holder)
  - Value: total remaining balance of $500,000.00; issuance of 174,610 shares of common stock in satisfaction;
  - Effective: 2023-09-29
  source text: On September 29, 2023, the Parties agreed entered into that certain first amendment to the Purchase Agreement (the "First Amendment").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1812727/000149315223035649/0001493152-23-035649-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.