Recent Updates — EZRA

Reliance Global Group sold substantially all assets of its employee benefits insurance agency subsidiary, Altruis Benefit Consultants, to Altruis Benefit Management for $8 million. The transaction closed on September 23, 2026, with consideration consisting of approximately $4.44 million in cash, a secured promissory note of roughly $3.1 million maturing September 30, 2026, and holdbacks for indemnity and working capital adjustments. The company also has potential earnout payments up to $1 million based on revenue growth. Proceeds were used to fully repay a $2.18 million secured credit facility with Oak Street Funding. Reliance Global Group operates in the employee benefits insurance brokerage industry.

Reliance Global Group completed the sale of its Southwestern Montana Insurance Center subsidiary to Scali, LLC for $2.625 million in cash at closing on September 11, 2026, with an effective date of September 1, 2026. The transaction was valued at 8.75 times pro forma EBITDA of $300,000 and includes uncapped contingent consideration based on future EBITDA performance exceeding the threshold for the twelve months ending August 31, 2027. Proceeds included a $1,207,324.67 repayment toward outstanding term loan principal with Oak Street Funding LLC. This divestiture supports the company's portfolio monetization strategy to redeploy capital into its proprietary AI platform and reduce debt. Reliance Global Group operates in the InsurTech industry, leveraging artificial intelligence and cloud computing to transform insurance agency and brokerage operations.

Reliance Global Group, Inc. entered into a Sixth Amendment to its Master Credit Agreement with Oak Street Funding LLC on September 4, 2026. The amendment permits the sale of subsidiary Southwestern Montana Insurance Center (SMI) and allows the company to retain half of the proceeds, totaling $1,207,324.67, while applying that amount to reduce term loan Loan ID 121393. Upon receipt of this payment, Oak Street will release SMI as a borrower and remove its security interests on SMI's assets. The transaction required a $15,000 amendment fee and reaffirmation of guarantees by the Company and key affiliates including Chairman and CEO Ezra Beyman. Reliance Global Group operates in the insurance brokerage and benefits consulting industry.

Reliance Global Group, Inc. entered into a Purchase and Contribution Agreement to sell its wholly owned subsidiary, Southwestern Montana Insurance Center, LLC, and its associated insurance business assets to Scali, LLC (dba Scali Insurance Group). The transaction is structured as an equity and asset purchase for aggregate consideration of $2,625,000 in cash, based on 8.75 times pro forma EBITDA of $300,000, plus uncapped contingent additional consideration if EBITDA exceeds the baseline during the trailing twelve months following closing. The deal is expected to close by September 11, 2026, with accounting effective date of September 1, 2026. Reliance Global Group operates in the insurance brokerage and consulting industry.

Reliance Global Group, Inc. declared a stockholder rights plan, distributing one preferred share purchase right for each outstanding common share to holders of record as of September 18, 2026. The Rights Agreement, dated September 3, 2026, allows each right to purchase one-thousandth of a Series A Preferred Share at $14.00 per unit. The rights become exercisable if any person or group acquires beneficial ownership of 15% or more of the common stock without board approval. This poison pill is designed to protect shareholder value from coercive takeover attempts and expires on September 3, 2027. Reliance Global Group operates in the InsurTech industry, leveraging artificial intelligence and cloud computing to transform insurance brokerage operations.