Reliance Global Group Funds Next Enquantum Milestone, Increasing Ownership and Securing Additional Board Seat

Rhea-AI Summary

Reliance Global Group (Nasdaq: EZRA) funded the next milestone in its strategic investment in Enquantum, increasing its ownership by 4% to ~12% fully diluted and securing an additional board seat. The tranche-based agreement can increase Reliance to a 51% fully diluted controlling interest when all milestones complete or if Reliance accelerates funding.

Enquantum is advancing NIST-aligned, hardware-accelerated post-quantum cryptography for high-throughput environments and is engaging prospective partners in North America and planned implementations in southern Israel under the Scale51 commercialization plan.

Positive

• Ownership increased by 4% to ~12% fully diluted
• Secured an additional board seat under the investment agreement
• Milestone-based structure targets 51% fully diluted controlling interest
• Commercial engagement with partners in North America and Israel

Negative

• Completion of additional milestones required to attain 51% control, creating conditional uncertainty
• Reliance may need to provide further tranche funding at its discretion to reach majority ownership

News Market Reaction – EZRA

-4.65%

10 alerts

-4.65% News Effect

-12.8% Trough in 7 hr 34 min

-$202K Valuation Impact

$4M Market Cap

0.1x Rel. Volume

On the day this news was published, EZRA declined 4.65%, reflecting a moderate negative market reaction. Argus tracked a trough of -12.8% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $202K from the company's valuation, bringing the market cap to $4M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Ownership increase: 4% Enquantum stake: 12% Target controlling interest: 51% +2 more

5 metrics

Ownership increase 4% Incremental Enquantum stake added in latest milestone tranche

Enquantum stake 12% Approximate fully diluted ownership after this tranche

Target controlling interest 51% Planned fully diluted majority position upon all milestones/acceleration

Cybersecurity spending $300 billion annually Global cybersecurity spending expected level by 2029

Target year 2029 Reference year for projected cybersecurity spending scale

Market Reality Check

Price: $0.1900 Vol: Volume 1,836,631 is far b...

low vol

$0.1900 Last Close

Volume Volume 1,836,631 is far below the 25,360,718 20-day average, indicating subdued pre-news trading. low

Technical Price $0.1826 trades 57.53% below the 52-week high and 21.73% above the 52-week low, remaining below the $0.22 200-day MA.

Historical Context

5 past events · Latest: Mar 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 10	Results & strategy update	Positive	-18.6%	2025 results and Scale51/EZRA International update with balance sheet improvements.
Mar 06	Earnings call schedule	Neutral	+3.4%	Announcement of Q4 2025 results call and business update timing and access details.
Feb 23	Enquantum deal closing	Positive	+43.1%	Closing of Enquantum transaction launching milestone path to 51% control.
Feb 09	Enquantum acquisition terms	Positive	+55.6%	Definitive agreement for 51% Enquantum stake via milestone-linked tranches.
Feb 04	Scale51 launch	Positive	-7.8%	Launch of Scale51 model within EZRA International targeting 51% tech stakes.

Pattern Detected

Strategic tech and Enquantum-related announcements have produced mixed outcomes, with some events driving strong gains and others seeing notable selloffs despite seemingly positive content.

Recent Company History

Over the last few months, EZRA has steadily built its Scale51 strategy, launching EZRA International Group on Feb 4, then signing and closing the Enquantum stake between Feb 9 and Feb 23, each tied to a pathway toward 51% control. The March 10 results/Scale51 update showed improved balance sheet metrics but drew a negative reaction. Today’s milestone-based Enquantum funding continues this same majority-control roadmap under Scale51.

Market Pulse Summary

This announcement advances EZRA’s Scale51 strategy by funding another Enquantum milestone, raising i...

Analysis

This announcement advances EZRA’s Scale51 strategy by funding another Enquantum milestone, raising its stake to about 12% with a structured path toward 51% control. It reinforces the pivot toward post-quantum cybersecurity within a market projected to exceed $300 billion annually. In context of earlier Enquantum transactions and the March 10 strategic update, investors may watch future milestone progress, governance changes, and commercialization traction under the Scale51 framework.

Key Terms

post-quantum cryptography, quantum-resilient encryption, merkle tree certificates, post-quantum cryptographic solutions, +1 more

5 terms

post-quantum cryptography technical

"a post-quantum cryptography company developing quantum-resilient encryption technology"

Post-quantum cryptography is a set of new methods for scrambling data so it stays secure even if powerful quantum computers exist; think of replacing today’s locks with designs that a future high‑speed lockpicker cannot open. For investors, it matters because companies must upgrade systems, meet regulations, and protect customer and trade data—creating costs, competitive advantages, or legal and reputational risks depending on how quickly and effectively they adopt these new security standards.

quantum-resilient encryption technical

"developing quantum-resilient encryption technology for high-performance environments"

Encryption designed to remain secure even if powerful quantum computers become capable of cracking today’s cryptographic methods. Think of it as replacing current digital locks with ones built to withstand a new kind of master key; for investors, it matters because it protects customer data, trade secrets, transaction integrity and regulatory compliance, reducing the risk of costly breaches, fines, or sudden technical obsolescence.

merkle tree certificates technical

"The introduction of Merkle Tree Certificates highlights the real-world challenges"

A Merkle tree certificate is a compact digital proof that a set of records or transactions has not been tampered with, built by combining many small “digital fingerprints” into a single summary value. Think of it like a sealed family photo album where each photo’s fingerprint is linked up a branching tree so anyone can quickly verify one photo without rechecking the whole album. For investors, these certificates matter because they provide efficient, tamper-evident evidence of data integrity and authenticity for things like transaction histories, audit logs, and supply-chain records—supporting trust, regulatory compliance, and lower-cost verification.

post-quantum cryptographic solutions technical

"developing hardware-accelerated, NIST-aligned post-quantum cryptographic solutions"

New encryption methods designed to keep digital data secure even if powerful quantum computers become available. They replace or supplement today's cryptography so communications, financial records and software updates remain unreadable to future threats; think of upgrading from a standard lock to one tested against a new kind of burglar. Investors care because adopting these solutions affects companies' security costs, regulatory compliance, customer trust and long-term resilience of digital assets.

nist-aligned regulatory

"developing hardware-accelerated, NIST-aligned post-quantum cryptographic solutions"

NIST-aligned means that an organization’s policies, controls and practices follow cybersecurity and privacy guidelines published by the U.S. National Institute of Standards and Technology. It signals the company uses a widely accepted safety checklist for protecting data and systems. For investors, NIST alignment suggests lower operational and regulatory risk, fewer surprise costs from breaches or fines, and greater confidence that the business is proactively managing cyber threats like a firm following standard building-safety rules.

AI-generated analysis. Not financial advice.

Milestone-Based Execution Continues Under EZRA’s Scale51 Platform

LAKEWOOD, NJ, March 19, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (“we,” “us,” our,” the “Company” or “Reliance”) today announced that it has funded the next completed milestone in its strategic investment in Enquantum Ltd., a post-quantum cryptography company developing quantum-resilient encryption technology for high-performance environments.

We believe this milestone marks a significant step forward in Enquantum’s commercialization strategy under the Scale51 execution plan, highlighted by continued advancement of its core technology and R&D capabilities, positioning the company for upcoming deployment activities. Enquantum is now actively engaging with prospective partners in North America and moving forward with planned implementation in high-value private network environments in Israel, including program in the southern region of Israel.

With completion of this milestone, Reliance funded the next investment tranche, increasing its ownership position in Enquantum by an additional 4% to approximately 12% on a fully diluted basis and securing an additional board seat under the investment agreement. The agreement details structured, milestone-based tranche investments designed to increase Reliance’s ownership position to a 51% fully diluted controlling interest when all milestones are completed or upon our acceleration at our discretion.

“We believe this milestone reflects the disciplined execution model we outlined from the beginning, where capital is deployed as defined operating objectives are achieved,” said Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. “We expect Enquantum to continue to advance against that framework. This funding increases both our ownership position and our governance role as we continue to execute on EZRA’s Scale51 acquisition platform. We believe this structured approach supports long-term value creation while advancing our path toward a majority position.”

Enquantum represents the first active platform investment under EZRA International Group’s Scale51 model, which is designed to identify high-impact technology opportunities, structure disciplined pathways to majority control, and provide active operational support as companies advance toward broader commercialization and scale.

Google’s recent initiative to develop quantum-safe HTTPS infrastructure underscores the urgency of transitioning the internet’s core security layers to post-quantum standards. The introduction of Merkle Tree Certificates highlights the real-world challenges of deploying quantum-resistant cryptography at scale, particularly around efficiency, bandwidth, and system architecture, reinforcing that quantum resilience is now an active, near-term transformation led by major technology platforms. As foundational protocols like TLS continue to evolve, we believe the need for adaptable and scalable cryptographic solutions becomes increasingly critical across global digital infrastructure.

Enquantum is focused on addressing this shift by developing technologies designed to support the next generation of quantum-resilient security frameworks. Specifically, Enquantum is developing hardware-accelerated, NIST-aligned post-quantum cryptographic solutions engineered for high-throughput, performance-sensitive environments. The Company believes performance validation is an important requirement for adoption across infrastructure markets where encryption must be strengthened without impairing throughput or latency.

“With global cybersecurity spending expected to surpass $300 billion annually by 2029, the urgency around digital risk management continues to intensify.” said Moshe Fishman, Senior Vice President of Strategic Ventures. “We believe the transition to quantum-resilient encryption represents one of the most significant structural shifts in cybersecurity, given encryption’s foundational role across modern digital infrastructure. Enquantum is positioned to play a key role in enabling this transition.”

Reliance views Enquantum as strategically positioned within a broader transition toward quantum-resilient security across regulated financial systems, cloud and AI infrastructure, telecommunications networks, and public-sector environments. Through Scale51 and EZRA International Group, Reliance intends to support Enquantum not only with capital, but also with operational guidance, strategic relationships, and commercialization support as it advances in the market.

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (NASDAQ: EZRA) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance.  In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products.

In addition to its insurance and Insurtech operations, Reliance operates EZRA International Group, its strategic growth platform focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology companies. EZRA International Group is designed to complement Reliance’s core insurance business by expanding market reach and supporting long-term shareholder value creation through disciplined capital allocation and active ownership.

Further information about the Company can be found at https://www.relianceglobalgroup.com.

Forward-Looking Statements

Forward-looking statements in this press release include, without limitation, statements regarding: the Company’s expected pathway to increase its ownership in Enquantum Ltd. (“Enquantum”) to a 51% fully diluted controlling interest pursuant to the definitive agreement; the timing, funding and completion of future milestone-based tranche investments, including the Company’s ability to exercise acceleration rights; the Company’s anticipated ability to obtain additional governance rights, including board representation, upon achievement of specified milestones; the development, performance, scalability, validation and commercialization of Enquantum’s post-quantum cryptographic technology; Enquantum’s engagement with prospective partners and planned deployments in Israel and other markets; the anticipated demand for, and timing of, migration to quantum-resilient encryption standards; the size, growth and evolution of the post-quantum cybersecurity market; the Company’s ability to integrate Enquantum within EZRA International Group and execute its Scale51 operating model; and the expected strategic, operational and financial benefits of the investment.

These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, without limitation: the risk that milestone conditions are not achieved or are delayed; the risk that the Company is unable to fund future tranche investments on anticipated terms or timelines; the risk that the Company does not ultimately obtain majority ownership or governance control; risks related to the development, validation, performance, regulatory acceptance, commercialization or market adoption of Enquantum’s technology; the risk that anticipated partner engagements or planned deployments, including in Israel, do not occur as expected or are delayed or cancelled; the risk that post-quantum standards adoption or infrastructure migration occurs more slowly or differently than anticipated; integration, execution and scaling challenges associated with supporting an early-stage technology company; the risk that anticipated synergies or strategic benefits are not realized on expected timelines or at all; intellectual property, cybersecurity, regulatory and data protection risks; the Company’s ability to access capital on acceptable terms or at all; and general economic, market and interest rate conditions.

Such risks and uncertainties also include geopolitical risks, including the ongoing and evolving conflict involving Israel and Iran, which may result in regional instability, military activity, cyberattacks, disruptions to critical infrastructure, supply chains or communications networks, workforce disruptions, delays in development, testing or deployment activities, or limitations on Enquantum’s ability to operate in or access certain markets. Recent developments have included an escalation in state-sponsored and retaliatory cyber activity and attacks on infrastructure in the region, which could adversely impact technology companies operating in or connected to the region. The extent, duration and impact of such conditions remain uncertain and could materially adversely affect Enquantum’s operations and the Company’s investment.

Actual results may differ materially from those expressed or implied by these forward-looking statements. Additional information regarding 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, 2024, as amended, and in the Company’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this press release.

Contact:

Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: EZRA@crescendo-ir.com

FAQ

How much did Reliance Global Group increase its ownership in Enquantum (EZRA) on March 19, 2026?

Reliance increased its Enquantum stake by 4% to approximately 12% fully diluted. According to the company, this change followed funding of the next milestone under the Scale51 investment agreement, which also added an extra board seat.

What does the March 19, 2026 EZRA announcement say about a path to majority control of Enquantum?

The agreement is structured to reach a 51% fully diluted controlling interest when all milestones are completed or if Reliance accelerates funding. According to the company, tranche investments drive incremental ownership and governance rights.

Did Reliance secure any board representation after the March 19, 2026 milestone funding (EZRA)?

Yes, Reliance secured an additional board seat as part of the milestone funding. According to the company, this increases Reliance’s governance role while it supports Enquantum under the Scale51 model.

Where will Enquantum deploy its post-quantum cryptography solutions mentioned in the EZRA release?

Enquantum is engaging prospective partners in North America and moving toward planned implementation in high-value private networks in southern Israel. According to the company, deployments target performance-sensitive, high-throughput environments.

What technology focus did Reliance highlight for Enquantum in the March 19, 2026 announcement (EZRA)?

Enquantum is developing hardware-accelerated, NIST-aligned post-quantum cryptographic solutions for high-throughput, performance-sensitive systems. According to the company, performance validation is essential for adoption without impairing throughput or latency.

What investor implications did Reliance outline for the Scale51 investment in Enquantum (EZRA)?

Reliance emphasized a disciplined, milestone-based capital deployment approach that increases ownership and governance as objectives are met. According to the company, Scale51 aims to provide capital, operational guidance, and commercialization support toward majority control.