other material
confidence high
sentiment neutral
materiality 0.45
Reliance Global Group issues $166K secured promissory note to Enquantum for potential investment
Reliance Global Group, Inc.
- RELI advanced $166,000 to Enquantum under a secured promissory note at 1% interest per annum.
- If definitive agreements signed within 30 days, debt credited against milestone payments; otherwise cash due in 60 days.
- Security: first-ranking floating charge over substantially all of Enquantum's present and future assets, including IP.
- Note issued in connection with a non-binding term sheet for a potential strategic transaction; no guarantee of closing.