---
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"
generated_at: "2026-06-01T23:25:58.054683+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Reliance Global Group to acquire Spetner Associates for $13.7M; sees revenue doubling to ~$28M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019516
- JSON: https://secwatch.observer/filing/0001493152-24-019516.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019516.txt

## Key facts
- Material Agreements
  Reliance Global Group, Inc. entered into Stock Exchange Agreement with Spetner Associates valued at $13,714,286.00 (effective 2024-05-14).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Spetner Associates
  - Value: $13,714,286.00
  - Effective: 2024-05-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1812727/000149315224019516/0001493152-24-019516-index.htm

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