---
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"
generated_at: "2026-09-16T13:01:14.668493+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Reliance closes sale of Southwestern Montana Insurance Center for $2.625M cash plus uncapped earnout

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-042846
- JSON: https://secwatch.observer/filing/0001493152-26-042846.json
- Plain text: https://secwatch.observer/filing/0001493152-26-042846.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.