secwatch.observer — SEC 8-K summary
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Issuer:     Reliance Global Group, Inc. (EZRA)
CIK:        0001812727
Form:       8-K
Filed at:   2026-08-05T21:29:33+00:00
Accession:  0001493152-26-036223
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Global Group signs LOI to sell Altruis for $11M cash; expects ~$7.6M net after debt repayment
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- All-cash sale of Altruis Benefit Consulting for $11M; $9.35M at closing, $1.65M in escrow for 18 months.
- After repaying ~$4.4M term debt, expects ~$7.6M aggregate incremental cash including escrow and released collateral.
- Eliminates ~$1M annual interest expense; zero dilution as entire consideration is cash.
- Target closing within 60 days; LOI non-binding, no assurance definitive agreements will be reached.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226036223/0001493152-26-036223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226036223/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-036223

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