Reliance Global Group (EZRA) Stock News

Reliance Global Group (EZRA) has adopted a one-year stockholder rights plan effective September 3, 2026, which is intended to protect perceived undervalued stockholder interests against coercive or inadequate takeover attempts.

The rights plan expires on September 3, 2027, unless redeemed or terminated earlier. One right will be distributed for each share of common stock held as of the close of business on September 18, 2026, trading together with the common stock until the plan is triggered. The rights become exercisable if any person or group acquires 15% or more of the common stock without Board approval, while passive institutional investors may hold up to 20%. If triggered, all stockholders other than the acquiring person may buy additional shares at a significant discount, substantially diluting the acquirer.

Each right allows the purchase of one one-thousandth of a share of Series A Preferred Stock at $14.00 per one one-thousandth of a Preferred Share, subject to adjustment. The Board may redeem the rights at $0.001 per right before any person becomes an acquiring person, or later exchange each outstanding right (other than those of the acquirer) for one share of common stock. The plan contains no “dead-hand” provision and includes a “qualifying offer” feature allowing stockholders to call a special meeting to vote on redeeming rights in response to certain fully financed all-cash or all-stock offers.

Reliance Global Group (Nasdaq: EZRA) signed a non-binding letter of intent to sell the assets of its Altruis Benefit Consulting subsidiary, a Michigan-based health insurance agency and benefits consultancy, for $11 million in cash. Reliance would retain its proprietary AI platform, RELI Exchange and other insurance operations.

According to Reliance Global Group, about $9.35 million would be paid at closing and $1.65 million placed in an interest-bearing escrow, to be released 18 months after closing. The company expects to fully repay its approximately $4.4 million Oak Street Funding term loan, eliminating roughly $1 million in annual principal and interest expense, and to generate about $7.6 million of aggregate incremental cash (including $5 million net proceeds at closing before expenses and taxes, $1.0 million of released collateral cash, and $1.65 million from escrow). The all-cash structure implies zero equity dilution, and the parties are targeting closing within 60 days, subject to customary conditions, with proceeds intended to support investment in Reliance's AI platform and RELI Exchange InsurTech operations. The LOI remains non-binding and may not result in a completed transaction.

Reliance Global Group (Nasdaq: EZRA) reported 2026 Q2 results and highlighted acceleration of its proprietary AI platform for insurance operations. Commission income was approximately $2.1 million versus $3.1 million in Q2 2025, mainly due to earlier divestitures of non-core businesses, partially offset by organic growth in retained operations.

Operating expenses fell about 28% year-over-year, driven by lower commission expense, salaries and wages of $1.5 million (vs. $2.6 million), and general and administrative expenses of $1.2 million (vs. $1.5 million). Net loss improved to roughly $2.0 million from $2.7 million, while AEBITDA loss widened to about $1.1 million from $0.4 million. As of June 30, 2026, Reliance reported cash of $0.8 million, combined cash and restricted cash of $1.8 million, working capital of $1.2 million and stockholders’ equity of $6.6 million. The company launched a proprietary AI agent for secure browser automation and began deploying AI capabilities across its insurance operations.

Reliance Global Group (NASDAQ: EZRA) will host a conference call on Thursday, July 30, 2026 at 4:30 PM ET to discuss its second quarter 2026 financial results and provide a business update. Investors can join via U.S. toll-free phone, international dial-in, or webcast, with replays available by webcast through July 30, 2027 and by telephone through August 13, 2026.

Reliance Global Group (NASDAQ: EZRA) launched a proprietary AI agent for secure browser automation in regulated back-office environments, initially targeting insurance operations. Built in-house, the agent is designed to automate thousands of repetitive portal tasks such as service requests, endorsements, quote pulls, status checks, and document retrieval under a compliance-focused security framework.

The system manages logins and portal credentials, applies policy-enforced action controls, blocks irreversible actions for AI, and requires human approval before finalizing transactions. It generates audit-grade run records with screenshots and event logs, applies code-defined risk classifications, and includes verification checks to catch potential errors. Reliance plans to deploy the platform across its agency network and offer commercial tiers, including free developer, Team, and Enterprise plans with self-hosted and VPC options.

Reliance Global Group (NASDAQ: EZRA) appointed Judah Korman as COO, Zack Wilder as CTO, and Mordy Beyman as Executive Vice President, effective June 22, 2026.

The new leadership team will drive a dual AI-focused strategy: an AI-powered insurance agency acquisition roll-up and in-house development of AI-native, digitally distributed insurance products, supported by a newly formed AI engineering team.

Reliance Global Group (Nasdaq: EZRA) announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement for continued listing.

Nasdaq confirmed EZRA’s closing bid price stayed at or above $1.00 for 10 consecutive business days from May 18–June 1, 2026, closing the matter.

Reliance Global Group (Nasdaq: EZRA) provided an update on its post-quantum cybersecurity investment ENQUANTUM, highlighting a technical milestone as urgency around quantum-resilient security rises. ENQUANTUM is developing infrastructure-grade, low-latency post-quantum encryption for critical systems including financial networks, AI workloads and telecommunications.

Reliance points to growing alignment between government policy, enterprise cybersecurity planning and quantum infrastructure investment. It notes recent U.S. Department of Commerce letters of intent for about $2.013 billion in CHIPS Act incentives to support quantum computing and infrastructure, and views the sector as entering an early, multi-billion-dollar cybersecurity upgrade cycle.

Reliance Global Group (Nasdaq: EZRA) reported that its strategic platform investment Enquantum successfully completed a real-world private 5G deployment with a leading Israeli construction company, using 5G-connected smart helmets to enhance worker safety, geolocation, geofencing, and real-time site monitoring.

The project received Israel Innovation Authority approval, officially closing the program after successful implementation and validation. Enquantum’s FPGA-accelerated UPF with advanced CPU offloading delivered secure, low-latency private cellular networking designed for industrial, infrastructure, and smart mobility applications.