secwatch.observer — SEC 8-K summary
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Issuer:     Reliance Global Group, Inc. (EZRA)
CIK:        0001812727
Form:       8-K
Filed at:   2026-09-09T13:59:04+00:00
Accession:  0001493152-26-041914
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Global Group agrees to sell Southwestern Montana Insurance Center to Scali for $2.625M cash
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- Sells 100% of Southwestern Montana Insurance Center to Scali LLC for $2.625M cash, 8.75x $300k pro forma EBITDA.
- Contingent earnout of 8.75x EBITDA above $300k for 12 months to Aug 2027, uncapped, due within 90 days post-anniversary.
- Transaction structured as equity and asset purchase; SMI becomes wholly owned subsidiary of Scali post-closing.
- Julie and Jessica Blockey, SMI's managing directors, to sign Managing Director Agreements; Julie's initial term 16 months.
- Non-compete restricts Reliance in Montana and within 5 miles of SMI's office; closing payment due by Sept 11, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226041914/0001493152-26-041914-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226041914/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-041914

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