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

Issuer:     Reliance Global Group, Inc. (EZRA)
CIK:        0001812727
Form:       8-K
Filed at:   2026-09-29T21:51:28+00:00
Accession:  0001493152-26-044941
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Reliance Global's Altruis unit sells benefits agency assets for $8M; repays $2.18M Oak Street debt
--------------------------------------------------------------------------------

- Altruis Benefit Consultants sold substantially all of its employee benefits insurance agency assets to Altruis Benefit Management, LLC for $8.0M, closing Sept 23, 2026.
- Consideration: $4,440,782.60 cash, $3,097,488.40 secured promissory note (due Sept 30, 2026), $300,000 indemnity holdback and $161,729 working capital holdback.
- Up to $1,000,000 contingent earnout over three 12-month periods if revenue grows 10%, 15% or 20%+ versus the year ended June 30, 2026; subordinated to buyer's senior debt.
- Oak Street Funding credit facilities under the April 26, 2022 Master Credit Agreement were repaid in full ($2,176,164) and liens released; Oak Street waived the prepayment premium.
- Transition services agreement keeps the six acquired-business employees employed by Altruis, made available to buyer through Oct 31, 2026, then expected to transfer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226044941/0001493152-26-044941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226044941/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-044941

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