Reliance Global Group signs LOI to sell Fortman Insurance for $5M cash to fund Spetner acquisition

Reliance Global Group, Inc.

Signed non-binding LOI to sell Fortman Insurance Agency for $5 million in cash.
Sale price represents a premium over original acquisition cost, highlighting value creation.
Proceeds intended to support planned acquisition of Spetner Associates, a rapidly growing insurance platform.
Cash addition is notable given current market capitalization, underscoring embedded value.

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