Reliance Global Group Becomes Debt Free Following Retirement of 100% of Its Term Debt
The payoff eliminates approximately $1 million in annual debt-service payments without issuing shares.
Sentiment and the balance of points
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Rhea-AI Summary
Reliance Global Group (EZRA) has repaid its Oak Street Funding loan in full, eliminating all of its outstanding term debt. The loan balance was approximately $4.4 million as of June 30, 2026. After repayment, the company holds more than $6 million in cash.
The payoff used approximately $1.2 million from the Southwestern Montana Insurance Center sale, closed September 11, 2026; approximately $2.2 million from the Altruis Benefit Consulting sale, closed September 24, 2026; and approximately $1.0 million previously held as loan collateral. No shares were issued. Repayment eliminates approximately $1 million in annual principal, interest and service fee payments, including approximately $400,000 in interest and service fees.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Major point100% of term debt retired following full repayment of the Oak Street Funding loan.
- Major pointAltruis Benefit Consulting sale closed September 24, 2026, providing approximately $2.2 million toward repayment. 1.2× market cap
- Moderate pointSouthwestern Montana Insurance Center sale closed September 11, 2026, providing approximately $1.2 million toward repayment. 66% of market cap
- Minor pointPost-repayment cash remains more than $6 million.
- Minor pointRepayment eliminates approximately $1 million annually in principal, interest and service fee payments.
- Minor pointLoan repayment involved no issuance of shares.
Negative
- None.
Details
Market move: EZRA -5.70% vs previous close. term debt retirement
On Oct 5, the day this news came out, the latest delayed price for EZRA is 5.70% below the previous close. Argus tracked a peak move of +17.9% during the session. Argus tracked a trough of -49.8% from its starting point during tracking. Our momentum scanner has recorded 28 alerts for this stock so far that day. The latest delayed price is $2.07. Relative volume is exceptionally heavy at 581.4x the average.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Term loan balance
- approximately $4.4 million
- Outstanding as of June 30, 2026
- Cash balance
- more than $6 million
- Following repayment
- Annual debt payments eliminated
- approximately $1 million
- Principal, interest and service fees
- Annual interest and service fees eliminated
- approximately $400,000
- Included in eliminated annual debt payments
- Southwestern Montana sale proceeds used
- approximately $1.2 million
- Loan repayment funding
- Altruis sale proceeds used
- approximately $2.2 million
- Loan repayment funding
- Collateral cash applied
- approximately $1.0 million
- Previously held as collateral for the loan
Historical Context
-
Altruis sale completed, with proceeds later contributing to the term-loan payoff.
-
Sale closed, and disclosed proceeds were applied to Oak Street term-loan principal.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Repayment of Oak Street Funding Term Loan Eliminates Approximately
LAKEWOOD, NJ, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) ("Reliance," "EZRA" or the "Company"), an InsurTech company leveraging artificial intelligence, cloud computing and advanced technologies to transform the insurance agency/brokerage industry, today announced that it has repaid in full its term loan with Oak Street Funding LLC, which was the Company's only term debt. As a result of the repayment, the Company has no outstanding term debt. The term loan had an outstanding balance of approximately
The loan was repaid with approximately
Highlights
- Term debt retired. Following repayment of the Oak Street Funding term loan, the Company has retired
100% of its term debt. - More than
$6 million of cash. Even after the repayment, the Company has more than$6 million of cash on its balance sheet. - Lower annual debt service. Repayment eliminates approximately
$1 million of annual principal, interest and service fee payments, including approximately$400,000 of annual interest and service fees. - Cash collateral applied. Approximately
$1.0 million of cash previously held as collateral for the loan was applied toward the payoff. - Funded by asset sales. The repayment was funded with proceeds from the Company's sales of non-core agencies and cash previously held as loan collateral, without the issuance of any shares.
"Retiring our term debt has been a priority since we began monetizing our non-core agencies, and doing so this month strengthens our balance sheet in a meaningful way," said Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. "With the loan repaid, more of our cash can go toward our AI platform and the RELI Exchange network, and we have greater flexibility as we plan the Company's next stage of growth."
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (Nasdaq: EZRA) is an InsurTech company leveraging artificial intelligence, cloud computing and advanced technologies to transform the insurance agency/brokerage industry. Through its growing portfolio of proprietary AI solutions and insurance operations, the Company is focused on enhancing operational efficiency, improving customer experiences and creating long-term shareholder value. Further information about the Company can be found at https://www.relianceglobalgroup.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than statements of historical fact and may be identified by the use of words or expressions such as "may," "should," "could," "would," "will," "expect," "anticipate," "intend," "plan," "believe," "estimate," "continue," "target," "project," "potential," or similar expressions, or by discussions of strategy, plans or intentions. Forward-looking statements in this press release include, without limitation, statements regarding: the anticipated effects of the repayment of the Company's term loan on its cash position, interest expense, liquidity, capital structure and financial flexibility; the Company's intended use of cash; the Company's portfolio monetization strategy; and the continued development, deployment and potential commercialization of the Company's proprietary artificial intelligence platform and its RELI Exchange InsurTech platform.
These statements are based on management's current expectations and assumptions and are subject to risks, uncertainties and other factors, many of which are beyond the Company's control. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by these forward-looking statements.
Such risks and uncertainties include, without limitation: the Company's ability to fund its operations and growth initiatives from existing cash and operating cash flow, and its potential need to raise additional capital, which may not be available on acceptable terms, or at all; the loss of the revenue and operating cash flow historically contributed by the divested agencies and the resulting impact on the Company's consolidated results of operations; the risk that the Company is unable to redeploy capital into initiatives that generate the anticipated returns; the Company's ability to maintain compliance with the continued listing standards of The Nasdaq Capital Market; the development, deployment, market acceptance and potential commercialization of the Company's proprietary artificial intelligence technologies; competition, regulatory developments and other risks affecting the insurance brokerage and InsurTech industries; and general business, economic, market and geopolitical conditions. Additional information regarding these and other factors that may cause actual results to differ materially is included under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as amended, and in the Company's subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission, copies of which are available free of charge at www.sec.gov.
Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: EZRA@crescendo-ir.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Does Reliance Global Group (EZRA) have any term debt after repaying Oak Street Funding?
Reliance Global Group has no outstanding term debt after repaying its Oak Street Funding loan in full. That loan was its only term debt and had an outstanding balance of approximately $4.4 million as of June 30, 2026.
How much does Reliance Global Group's loan repayment eliminate in annual payments?
The repayment eliminates approximately $1 million in annual principal, interest and service fee payments. That amount includes approximately $400,000 in annual interest and service fees.
What does Reliance Global Group say the debt repayment means for its growth plans?
Reliance Global Group said repayment allows more cash to go toward its AI platform and RELI Exchange network and gives it greater flexibility as it plans its next stage of growth.