Reliance Global Group terminated a non-binding letter of intent to sell its Altruis Benefit Consulting subsidiary on August 14, 2026. The company subsequently entered into a new non-binding letter of intent with a different purchaser for the same assets on August 27, 2026. This transaction remains subject to due diligence and definitive agreements. Reliance Global Group operates in the business process outsourcing industry.

On August 4, 2026, Reliance Global Group, Inc. sold 251,666 shares of common stock to White Lion Capital, LLC at prices ranging from $2.79 to $2.90 per share, generating approximately $716,000 in aggregate gross proceeds under a Common Stock Purchase Agreement dated August 26, 2025. The issuance was exempt from registration under Section 4(a)(2) of the Securities Act of 1933, resulting in 1,601,770 shares outstanding as of August 6, 2026. Reliance Global Group operates in the financial services industry and provides investment management and advisory services.

Reliance Global Group entered into a non-binding letter of intent to sell substantially all operating assets of its Altruis Benefit Consulting subsidiary for $11 million in cash. Approximately $9.35 million is payable at closing, with $1.65 million held in escrow for indemnification and released 18 months later. The transaction targets a closing by September 24, 2026, subject to due diligence and third-party consents. Proceeds will retire approximately $4.4 million in term debt, eliminating ~$1 million in annual interest expense and generating ~$7.6 million in aggregate incremental cash. Reliance Global Group operates as an InsurTech company leveraging artificial intelligence and cloud computing to transform the insurance agency and brokerage industry.

Reliance Global Group reported second quarter 2026 financial results and provided a business update. Commission income decreased to approximately $2.1 million from $3.1 million in the prior year period due to divestitures of non-core operations, partially offset by organic growth. Operating expenses were reduced by approximately 28% year-over-year through cost management efficiencies. The net loss improved to approximately $2.0 million compared with $2.7 million in the previous quarter. Adjusted EBITDA widened to a loss of $1.1 million from a loss of $0.4 million, primarily driven by lower non-GAAP adjustments for share-based compensation and interest expense. As of June 30, 2026, the company held approximately $0.8 million in cash and stockholders' equity of $6.6 million. The company also announced the launch of a proprietary AI agent for secure browser automation to enhance insurance operations. Reliance Global Group operates as an InsurTech company leveraging artificial intelligence and cloud computing to transform the insurance agency and brokerage industry.

Reliance Global Group, Inc.'s Compensation Committee approved the immediate acceleration of vesting for unvested restricted stock awards granted on June 24, 2026. The amendment applies to named executive officers and directors, including CEO Ezra Beyman (101,049 shares), CFO Joel Markovits (15,359 shares), COO Judah Korman (14,627 shares), EVP Yaakov Beyman (13,409 shares), EVP Mordy Beyman (4,876 shares), and directors Ben Fruchtzwig, Sheldon Brickman, and Alex Blumenfrucht (4,778 shares each). The company states this action supports retention objectives and aligns management with shareholder value. Reliance Global Group operates in the insurance brokerage industry.