secwatch.observer — SEC 8-K summary
======================================

Issuer:     Reliance Global Group, Inc. (EZRA)
CIK:        0001812727
Form:       8-K
Filed at:   2026-09-16T13:00:17+00:00
Accession:  0001493152-26-042846
Event type: m_and_a
Sentiment:  positive
Materiality: 0.40
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226042846/0001493152-26-042846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226042846/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-042846

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer