{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-019516","form_type":"8-K","ticker":"EZRA","cik":"0001812727","company_name":"Reliance Global Group, Inc.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.284270+00:00","generated_at":"2026-06-01T23:25:58.054683+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Reliance Global Group to acquire Spetner Associates for $13.7M; sees revenue doubling to ~$28M","bullets":["Acquires 80% of Spetner for $13.7M total: $8M cash + stock + promissory note; option to buy remaining 20% based on EBITDA.","Spetner's BenManage platform serves over 75,000 employees; projected 2024 revenue >$14M and Adjusted EBITDA >$4M.","Deal anticipated to close in 2024 subject to conditions; company plans $10M equity offering to fund cash portion.","Acquisition aligns with 'OneFirm' strategy; CEO calls it 'most significant' in company history.","Post-acquisition, Reliance projects combined revenue of approx. $28M for FY 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-019516","json":"https://secwatch.observer/filing/0001493152-24-019516.json","markdown":"https://secwatch.observer/filing/0001493152-24-019516.md","text":"https://secwatch.observer/filing/0001493152-24-019516.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1812727/000149315224019516/0001493152-24-019516-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1812727/000149315224019516/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:25:58.054683+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9b24fa8ba3ecf3397b9988445eaaa7eca0387911","claim":"Reliance Global Group, Inc. entered into Stock Exchange Agreement with Spetner Associates valued at $13,714,286.00 (effective 2024-05-14).","evidence_excerpt":"On May 14, 2024, Reliance Global Group, Inc. (the “Company”) announced the signing of a definitive agreement to acquire Spetner Associates (“Spetner”), a well-established benefits enrollment company that, through its BenManage benefits enrollment company, is a leading provider of voluntary benefits to over 75,000 employees throughout the United States.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1812727/000149315224019516/0001493152-24-019516-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Spetner Associates"},{"label":"Value","value":"$13,714,286.00"},{"label":"Effective","value":"2024-05-14"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}