secwatch.observer — SEC 8-K summary
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Issuer:     Reliance Global Group, Inc. (EZRA)
CIK:        0001812727
Form:       8-K
Filed at:   2026-10-05T21:27:04+00:00
Accession:  0001493152-26-045782
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Reliance Global Group closes $8M cash sale of Altruis Benefit Consulting, plus up to $1M earnout
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- Altruis sale closed September 23, 2026: $8M cash purchase price with no Reliance common stock issued, plus up to $1M earnout over three years tied to annual revenue growth.
- Company received ~$7.5M in cash, including full payment of the buyer's $3.1M secured promissory note on September 30, 2026; $461,729 remains held as indemnity and working capital holdbacks.
- Second non-core agency divestiture under the portfolio monetization strategy, following the September 11, 2026 close of Southwestern Montana Insurance Center.
- CEO Ezra Beyman said proceeds 'strengthen our balance sheet' and add capacity to invest in the RELI Exchange network and proprietary AI platform.
- Reliance will continue evaluating additional sales across its agency portfolio, targeting capital redeployment to higher-growth InsurTech initiatives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226045782/0001493152-26-045782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226045782/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-045782

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