Reliance Global reduces Spetner acquisition cash consideration by $2.5M to $5.5M, on track for H2 2024

Reliance Global Group, Inc.

Upfront cash consideration reduced from $8M to $5.5M; Michelle Spetner removed as party, Agudath Israel added.
Spetner's BenManage now covers over 85,000 employees, up from 45,000 at initial announcement.
Acquisition expected to nearly double annual revenue to ~$28M and meaningfully boost Adjusted EBITDA.
Transaction remains on track to close in second half of 2024 as previously announced.

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