{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-042846","form_type":"8-K","ticker":"EZRA","cik":"0001812727","company_name":"Reliance Global Group, Inc.","filed_at":"2026-09-16T13:00:17+00:00","discovered_at":"2026-09-16T13:01:00.447534+00:00","generated_at":"2026-09-16T13:01:14.668493+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Reliance closes sale of Southwestern Montana Insurance Center for $2.625M cash plus uncapped earnout","bullets":["Sold 100% of Southwestern Montana Insurance Center to Scali Insurance Group for $2.625M cash at closing, effective Sept 1, 2026.","Cash based on 8.75x pro forma EBITDA of $300K; uncapped earnout of 8.75x any EBITDA above $300K through Aug 31, 2027.","Applied $1,207,324.67 of proceeds to repay Oak Street Funding term loan; Oak Street released security interests and liens on SMI assets.","No shares issued; divestiture part of 2025 portfolio monetization strategy to fund RELI Exchange AI platform and pay down debt.","Sale is in addition to previously announced pending divestiture of Michigan-based Altruis Benefit Consulting agency."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-042846","json":"https://secwatch.observer/filing/0001493152-26-042846.json","markdown":"https://secwatch.observer/filing/0001493152-26-042846.md","text":"https://secwatch.observer/filing/0001493152-26-042846.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1812727/000149315226042846/0001493152-26-042846-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1812727/000149315226042846/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-16T13:01:14.668493+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}