Every 8-K that Reliance Global Group, Inc. (EZRA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow EZRA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EZRA filings page.
Reliance Global Group, Inc. (EZRA) repaid in full its term loan with Oak Street Funding LLC, the company’s only term debt, leaving no outstanding term debt. The loan balance was approximately $4.4 million as of June 30, 2026. After repayment, the company reported more than $6 million of cash on its balance sheet. Repayment eliminates approximately $1 million in annual principal, interest and service-fee payments, including approximately $400,000 in annual interest and service fees.
The repayment was funded with approximately $1.2 million from the sale of Southwestern Montana Insurance Center, which closed September 11, 2026; approximately $2.2 million from the sale of Altruis Benefit Consulting, which closed September 24, 2026; and approximately $1.0 million of cash previously held as collateral for the loan. Reliance said the payoff was funded without issuing shares. Chief Executive Officer Ezra Beyman said that, with the loan repaid, more cash can go toward the company’s AI platform and the RELI Exchange network as it plans its next stage of growth.
Reliance Global Group, Inc. (EZRA) completed the sale of substantially all assets of its Altruis Benefit Consulting subsidiary for an $8 million cash purchase price, plus an earnout of up to $1 million over the three years following closing. The sale closed September 23, 2026. Reliance said it had received approximately $7.5 million, including full payment of the buyer’s $3.1 million seller note on September 30, 2026; $461,729 was held by the buyer as customary indemnity and working capital holdbacks.
The earnout may be earned based on annual revenue growth of the acquired business. This was Reliance’s second non-core agency sale completed in September, following the September 11, 2026, sale of Southwestern Montana Insurance Center; the Altruis transaction involved no issuance of Reliance common stock. Management said the proceeds strengthen the balance sheet and provide more capacity to invest in its AI platform and RELI Exchange. Reliance also identified the loss of Altruis’s historically contributed revenue and operating cash flow as a risk to consolidated results.
Reliance Global Group, Inc. corrected its report to state that the transaction closing was completed on September 24, 2026. Completion occurred upon the buyer’s delivery of the cash portion of the closing date payment and the Note pursuant to the Letter Agreement. The amendment makes no other change to the original report.
Reliance Global Group, Inc. (EZRA) reported that its wholly owned subsidiary Altruis Benefit Consultants completed the sale of substantially all assets of its employee benefits insurance agency business to Altruis Benefit Management, LLC on September 23, 2026, for a purchase price of $8,000,000, subject to a customary post-closing working capital adjustment. Altruis received $4,440,782.60 in cash; $3,097,488.40 was paid through a secured promissory note maturing September 30, 2026. The buyer withheld $300,000 as an indemnity holdback and $161,729 as a working capital holdback.
Altruis may receive up to $1,000,000 in earnout payments over three consecutive 12-month measurement periods following closing, based on annual revenue growth of 10%, 15% or 20% or more against the 12-month period ended June 30, 2026; payments are subordinated to the buyer’s senior secured indebtedness. Reliance Global Group subsidiary Reli Exchange repaid its Oak Street secured commercial credit facilities in full for $2,176,164 using transaction cash proceeds; Oak Street waived the prepayment premium, and no early termination penalty was incurred. Under a transition services agreement, Altruis will employ six acquired-business employees and provide their services to the buyer through October 31, 2026; they are expected to transfer to the buyer afterward.
Reliance Global Group, Inc. (EZRA) completed the sale of its Southwestern Montana Insurance Center (SMI) subsidiary to Scali, LLC for $2,625,000 in cash at closing, based on a multiple of 8.75 times pro forma EBITDA of $300,000. The closing occurred on September 11, 2026 and is effective for accounting purposes as of September 1, 2026, and SMI is no longer a subsidiary.
The transaction includes uncapped contingent consideration, if any, equal to 8.75 times the amount by which EBITDA of the divested business for the twelve months ending August 31, 2027 exceeds $300,000, payable within 90 days after the first anniversary of closing and subordinated under a Subordination Letter Agreement. Reliance applied $1,207,324.67 of the proceeds to repay outstanding principal on its term loan with Oak Street Funding LLC, and Oak Street released SMI as a borrower and lifted its liens on SMI’s assets.
No shares were issued in connection with the sale, so the transaction is non-dilutive. Management characterizes the divestiture as part of a portfolio monetization strategy to sell non-core, mature agencies, strengthen the balance sheet, enhance financial flexibility, and redeploy capital into its proprietary AI platform, RELI Exchange, and other InsurTech growth initiatives, while acknowledging the loss of revenue and operating cash flow historically contributed by SMI.
Reliance Global Group, Inc. (EZRA) entered into a Sixth Amendment to its Master Credit Agreement with Oak Street Funding LLC on September 4, 2026. The amendment allows the approved sale of Southwestern Montana Insurance Center, LLC, a wholly owned subsidiary, without applying all sale proceeds to debt repayment.
Under the amendment, 50% of the sale proceeds, totaling $1,207,324.67, will be applied as a loan paydown on term loan ID 121393, and Oak Street will release SMI as a borrower and release its security interests and liens on SMI’s assets. Effectiveness is subject to customary conditions, including a $15,000 amendment fee, and all existing guarantors, including the company and affiliated entities and individuals, reaffirmed their guarantees and released claims against Oak Street.
Reliance Global Group, Inc. (EZRA) agreed to divest its wholly owned subsidiary Southwestern Montana Insurance Center, LLC and related insurance book of business to Scali, LLC, dba Scali Insurance Group, under a Purchase and Contribution Agreement effective September 1, 2026. The Buyer will pay $2,625,000 in cash at closing, calculated as 8.75 times pro forma EBITDA of $300,000, plus uncapped contingent Additional Consideration based on EBITDA of the acquired business for the twelve months from September 1, 2026 to August 31, 2027 above $300,000. Closing is deemed effective as of 12:01 a.m. Mountain Time on September 1, 2026 for accounting purposes but will occur only when the Buyer pays the full cash purchase price no later than September 11, 2026. Reliance Global agreed to confidentiality, non-piracy, non-competition, and non-solicitation covenants, including a non-compete in Montana and within a five-mile radius of SMI’s office, and SMI managing directors Julie Blockey and Jessica Blockey entered Managing Director Agreements with the Buyer or its subsidiary as a condition to closing.
Reliance Global Group, Inc. (EZRA) has adopted a one-year stockholder rights plan and entered into a Rights Agreement with VStock Transfer, LLC. The Board declared a dividend of one preferred share purchase right for each common share outstanding as of the close of business on September 18, 2026.
Each right allows the holder to buy one one-thousandth of a share of Series A Preferred Stock at a purchase price of $14.00, and becomes exercisable if any person or group acquires 15% or more of the common stock without Board approval, while certain passive institutional investors may hold up to 20%. If triggered, other stockholders can purchase additional shares at a discount, significantly diluting the acquirer, unless the Board redeems the rights at $0.001 per right or exchanges each right for one common share.
The rights expire at the close of business on September 3, 2027, and the plan includes a “Qualifying Offer” feature that permits stockholders to request a special meeting to vote on redeeming the rights in response to a fully financed, premium all-cash or all-stock offer meeting specified conditions. The company also designated 100,000 shares of preferred stock as Series A Preferred Stock to support the plan.
Reliance Global Group, Inc. (EZRA) reported changes in its plans for the Altruis Benefit Consulting subsidiary. A non-binding letter of intent signed on July 30, 2026 with one prospective buyer for the sale of substantially all operating assets of Altruis was terminated on August 14, 2026, including its exclusivity, confidentiality, and expense-allocation provisions.
On August 27, 2026, Reliance Global Group entered into a new non-binding letter of intent with a different third-party purchaser for a similar proposed sale of substantially all operating assets of Altruis. This proposed transaction has passed preliminary due diligence but remains subject to further due diligence and negotiation and execution of definitive agreements, with no assurance that a final transaction will be completed.
Reliance Global Group, Inc. completed an unregistered sale of equity, selling 251,666 shares of its common stock, par value $0.086 per share, to White Lion Capital, LLC on August 4, 2026 under a Common Stock Purchase Agreement dated August 26, 2025.
The shares were sold at prices ranging from $2.79 to $2.90 per share, generating aggregate gross proceeds of approximately $716,000. The issuance relied on the private offering exemption in Section 4(a)(2) of the Securities Act of 1933. After this transaction, 1,601,770 shares of common stock were issued and outstanding as of August 6, 2026.
Reliance Global Group, Inc. entered into a non-binding letter of intent on July 30, 2026 to sell substantially all operating assets of its Altruis Benefit Consulting subsidiary, a Michigan-based health insurance agency and benefits consulting business, to a third-party buyer for $11,000,000 in cash, with the buyer also assuming certain specified liabilities.
About $9,350,000 of the purchase price would be paid in cash at closing, subject to a working capital adjustment, and about $1,650,000 would be placed in an interest-bearing escrow account for indemnification, to be released to Reliance 18 months after closing, subject to definitive agreements. A related press release states that, if completed as contemplated, the all-cash, non-dilutive transaction is expected to retire 100% of the company’s term debt and generate approximately $7.6 million of aggregate incremental cash, supporting continued investment in its AI platform and RELI Exchange InsurTech operations.
The parties are targeting a closing on or before September 24, 2026, subject to negotiation and execution of definitive agreements and multiple conditions, including due diligence, carrier appointment continuity, lien releases, third-party consents, board approvals and buyer financing. Reliance agreed to an exclusivity period through October 16, 2026, but the LOI remains non-binding on principal terms, and there is no assurance the transaction will be completed.
Reliance Global Group, Inc. reported preliminary, unaudited financial results for the quarter and six months ended June 30, 2026, alongside a strategic update on its proprietary artificial intelligence platform. Management highlighted the launch and deployment of an AI agent for secure browser automation across insurance operations, which it believes can improve productivity, reduce manual processes and enhance customer service, with potential long-term commercialization opportunities.
For the second quarter 2026, the company reported a net loss of $1,994,284, compared with $2,710,901 for the second quarter 2025. Adjusted EBITDA (AEBITDA), a non‑GAAP measure, was a loss of $1,144,505 versus a loss of $381,690 a year earlier. For the six months ended June 30, 2026, net loss was $3,465,452 and AEBITDA was a loss of $1,572,241. AEBITDA is defined as EBITDA adjusted for items including interest, depreciation and amortization, share-based compensation, transactional costs, non‑standard costs, equity method losses and digital asset gains.
The company scheduled a conference call at 4:30 p.m. Eastern Time on July 30, 2026 to discuss these results and business developments, with telephone and webcast replays available for a limited period.
Reliance Global Group, Inc. accelerated vesting of certain previously granted restricted stock awards under its 2025 Equity Incentive Plan effective July 27, 2026. The unvested portion of awards granted June 24, 2026 vested in full on that date for certain employees, named executive officers, and directors.
Accelerated awards included 101,049 shares for CEO and Chairman Ezra Beyman, 15,359 shares for CFO Joel Markovits, 14,627 shares for COO Judah Korman, 13,409 shares for Executive Vice President Yaakov Beyman, 4,876 shares for Executive Vice President Mordy Beyman, and 4,778 shares each for directors Ben Fruchtzwig, Sheldon Brickman, and Alex Blumenfrucht. The Compensation Committee stated the accelerations support retention, alignment with shareholder value creation, and recognize past contributions.
Reliance Global Group announced several leadership moves and equity awards tied to its AI-focused insurance strategy. The Board appointed Judah Korman as Chief Operating Officer and Zack Wilder as Chief Technology Officer, and promoted Mordy Beyman to Vice President, all effective June 18, 2026. Korman and Beyman are immediate family members of current directors, so their compensation packages were treated as related party transactions and approved by disinterested directors.
Korman will receive a $300,000 base salary and a $300,000 annual equity award, with an initial grant of 21,941 restricted shares vesting between July and September 2026. Wilder is set to receive a $300,000 base salary and a $300,000 restricted stock award under the 2025 Equity Incentive Plan. Beyman’s new package includes a $150,000 salary and a $150,000 equity award, with an initial 7,314 restricted shares vesting on the same schedule.
The Compensation Committee also set CEO Ezra Beyman’s 2026 pay at a $513,000 salary, a $593,000 target cash bonus, a fully vested stock award valued at $1,058,000 under the 2025 Plan, and a $45,000 annual life insurance premium. On June 24, 2026, the Committee granted restricted stock to directors and officers, including 151,575 shares to the CEO, at a grant-date price of $3.455 per share, as part of a broader program to align leadership with Reliance’s AI-powered agency roll-up and AI-native insurance product initiatives.
Reliance Global Group, Inc. has regained compliance with Nasdaq’s continued listing rules after its stock met the exchange’s minimum bid price requirement. Nasdaq confirmed that the company’s common stock closed at or above $1.00 per share for 10 consecutive business days from May 18, 2026 through June 1, 2026, resolving a prior deficiency notice issued in December 2025. The company remains listed on the Nasdaq Capital Market and highlighted ongoing efforts to expand its Insurtech platforms and EZRA International Group while pursuing long-term shareholder value.
Reliance Global Group, Inc. approved and implemented a 1-for-40 reverse stock split of its common stock to help regain compliance with Nasdaq’s $1.00 minimum bid price requirement. The amendment to the articles of incorporation is scheduled to become effective at 5:00 p.m. Eastern on May 15, 2026.
Every 40 existing shares will convert into one share, reducing the amount of common stock outstanding from approximately 22,230,563 shares to 555,764 shares, while authorized common shares will be set at 50 million and par value stays at $0.086 per share. Trading on a split-adjusted basis on the Nasdaq Capital Market under the symbol EZRA and new CUSIP 75946W504 is expected to begin on May 18, 2026, with each shareholder’s ownership percentage remaining the same.
Reliance Global Group, Inc. reported results from its 2026 Annual Meeting of Stockholders, held via live webcast. As of March 5, 2026, there were 21,253,013 common shares outstanding and entitled to vote, and 9,591,634 shares were represented, about 45.13% of those eligible.
Stockholders elected five directors to serve until the 2027 annual meeting and ratified Urish Popeck & Co., LLC as independent auditor for the year ending December 31, 2026. Each director nominee received over 3.27 million votes for, with substantial broker non-votes.
Investors also approved an amendment to the 2025 Equity Incentive Plan, increasing shares available for issuance by 14,000,000, from 2,000,000 to 16,000,000. In a separate proposal, stockholders approved issuing common shares in excess of the Nasdaq Exchange Cap under a Common Stock Purchase Agreement dated August 26, 2025, as amended.
Reliance Global Group formed LifeSci Global Group LLC, a majority-owned healthcare investment vehicle, and funded it using a Promissory Note of up to $2,000,000 from its subsidiary EZRA International Group.
LifeSci Global agreed to purchase up to 421,053 Innervate Radiopharmaceuticals units at $4.75 per unit, totaling about $2.0 million, with $500,000 funded at closing. The deal includes priority distributions and up to 210,526 warrants and was approved by independent directors as a related-party transaction, with committee reshuffling to ensure board independence.
Reliance Global Group has launched RELI Exchange 2.0, the next phase of its InsurTech platform for independent insurance agencies, aimed at faster and more efficient growth. The company previously reported that health insurance policies written through RELI Exchange during the 2025 open enrollment period increased 72% year over year, while Personal Lines Property and Casualty written premium rose 36% year over year. Its broker network expanded from approximately 65 to about 300 agency partners since 2022. RELI Exchange 2.0 centralizes recruiting with defined pipeline stages, integrated task management and full communication tracking to support higher recruiting volumes without additional headcount and to lay groundwork for future automation and data-driven capabilities.
Reliance Global Group, Inc. entered into two settlement agreements to resolve disputes tied to prior stock purchase transactions. The company will pay a cash settlement of $90,560 under the Rubin Settlement Agreement and $40,350 under the Kreindler Settlement Agreement, after which all related obligations are fully released.
The company also amended its Common Stock Purchase Agreement with White Lion Capital to extend the investment commitment period through the earlier of reaching the commitment amount or December 31, 2028, and increased the commitment amount to $50,000,000. In addition, Reliance Global Group adopted amended and restated bylaws to give the board flexibility in setting annual meeting dates and filed Articles of Restatement that restate its articles of incorporation in full.
Reliance Global Group, Inc. reported that its Board Compensation Committee approved a one-time cash bonus for Chief Financial Officer Joel Markovits. On March 2, 2026, the Committee granted Mr. Markovits a $50,000 gross cash award, which will be paid subject to standard tax withholding and authorized deductions.
Reliance Global Group has completed the initial closing of its strategic acquisition of Enquantum Ltd., a post-quantum cryptography company. At closing, Reliance acquired an equity stake representing approximately 8% of Enquantum’s fully diluted share capital through conversion of a previously issued $166,000 secured bridge note and an additional cash investment.
The share purchase agreement is structured as milestone-based tranches that are designed to increase Reliance’s ownership to 51% on a fully diluted basis, subject to specified operational and commercialization milestones and other conditions. A new amendment gives Reliance the right, at its sole discretion, to accelerate funding of one or more tranches even if the related milestones have not yet been met.
Reliance also agreed it may later issue up to $125,000 of its common stock as “Top-Up Shares” to raise its Enquantum stake from 48% to 51% on a fully diluted basis. Enquantum shares issued to Reliance were placed offshore under Regulation S and/or Section 4(a)(2), and any Top-Up Shares are expected to rely on Section 4(a)(2) and/or Regulation D. Reliance’s CEO, Ezra Beyman, has joined Enquantum’s board under the agreement’s governance terms as Reliance seeks to build Enquantum into a core post-quantum cybersecurity platform.
Reliance Global Group, Inc. entered into a definitive Share Purchase Agreement to acquire, over time, a 51% fully diluted controlling interest in post-quantum cybersecurity company Enquantum Ltd. for an aggregate purchase price of $2,125,000, paid in milestone-based tranches over about 10 months.
At the initial closing, Reliance expects to obtain an 8% fully diluted stake, including conversion of a previously issued $166,000 bridge note and a cash-funded share issuance. Subsequent monthly tranches are generally structured to increase ownership by 4% per month up to 48%, followed by a final “control top-up” from 48% to 51%.
As part of the control top-up, Reliance has agreed to issue Enquantum common stock valued at $125,000, based on the last reported Nasdaq sale price before the relevant closing, and does not expect to receive cash proceeds from these shares. Reliance plans to hold board control upon achieving specified milestones and to develop Enquantum within its EZRA International Group and Scale51 operating strategy.
Reliance Global Group, Inc. filed Amendment No. 3 to its prospectus supplement, allowing ongoing at-the-market sales of common stock with an aggregate offering price of up to $1,764,443 under its existing agreement with H.C. Wainwright & Co., LLC as manager.
The amendment updates and supplements the company’s Form S-3 shelf registration and earlier prospectus supplements. Reliance Global Group has already offered and sold $2,343,660 of common stock under Form S-3 General Instruction I.B.6 during the 12-month period ending on the amendment date. A legal opinion from Zarif Law Group P.C. on the validity of the shares is included as an exhibit.