secwatch.observer — SEC 8-K summary
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Issuer:     Reliance Global Group, Inc. (EZRA)
CIK:        0001812727
Form:       8-K
Filed at:   2026-11-09T22:27:23+00:00
Accession:  0001493152-26-050810
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Reliance Global Group closes $3M cash deal for Oblivus GPU cloud platform; ticker moving to XGPU
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- Buyer GPU Exchange Corp. paid $3,000,000 cash at closing from cash on hand to Skyportal Inc. for the Oblivus platform; no stock issued, company remains debt-free.
- Up to $750,000 in earnouts: two $375,000 payments if average monthly cash revenue hits $79,000 (first six months) and $120,000 (next six months); first $375,000 escrowed.
- Oblivus generated about $1.5 million of revenue in the twelve months ended September 2026, based on seller's unaudited records; Reliance targets substantial growth.
- Founder Matthew Antoun signed a 12-month consulting deal: $250,000 cash, 5% of gross profit on counterparties he introduces, and up to $600,000 of stock tied to $5/$7/$10 share targets.
- Nasdaq symbol switches from EZRA to XGPU at the open on November 10, 2026; DBA becomes GPU Exchange; seller and founder bound by two-year non-compete.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226050810/0001493152-26-050810-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812727/000149315226050810/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-050810

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