Recent Updates — EZRA
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.
On June 18, 2026, Reliance Global Group appointed Judah Korman as Chief Operating Officer and Zack Wilder as Chief Technology Officer, both with annual base salaries of $300,000 and annual equity awards of $300,000. Mordy Beyman was promoted to Vice President with a $150,000 base salary and $150,000 annual equity award. The Board also approved CEO Ezra Beyman's compensation effective July 1, 2026, consisting of a $513,000 base salary, $593,000 target cash bonus, $1,058,000 stock award, and a $45,000 life insurance premium. On June 24, 2026, the company granted restricted shares to several directors and officers at $3.455 per share, including 151,575 shares to Ezra Beyman. The company operates in the healthcare and technology sector, providing medical imaging and diagnostic services through its EZRA platform.