Every material Form 8-K Reliance Global Group, Inc. has filed with the SEC since October 05, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Reliance Global Group, Inc. (EZRA) closed its acquisition of the Oblivus GPU cloud computing platform on November 3, 2026, paying $3,000,000 in cash at closing from cash on hand, with up to $750,000 more in milestone payments that depend on future revenue. The company says Oblivus generated about $1.5 million in revenue for the twelve months ended September 2026, based on unaudited seller records, and that the deal marks its entry into the AI infrastructure market. Shareholders should note that the company has not yet filed the required acquired-business financial statements and pro forma information, and that its trading symbol is set to change to XGPU on November 10, 2026.
Closing payment of $3,000,000 in cash; up to two $375,000 milestone payments tied to average monthly cash revenue of $79,000 and $120,000
Oblivus reported about $1.5 million in revenue for the twelve months ended September 2026, per seller's unaudited records
Consulting agreement with founder Matthew Antoun: $250,000 in cash fees over 12 months, plus stock up to $600,000 subject to Board approval
Trading symbol expected to change from EZRA to XGPU on Nasdaq at the open on November 10, 2026
Reliance Global Group signed a non-binding letter of intent on September 23, 2026 to acquire the assets of a privately held GPU cloud and marketplace business for up to $3,750,000 in cash. The company says the deal would mark its entry into AI infrastructure and would be funded without issuing shares, but the letter is non-binding and closing is anticipated in early November 2026, subject to definitive agreements. The filing also reports cash compensation settlements for the CEO, COO and a vice president in place of unissued stock awards.
Up to $3,750,000 in cash: $3,000,000 at closing, $375,000 escrow tied to revenue threshold, $375,000 payable 12 months after closing
Company plans to adopt GPU Exchange DBA name and change Nasdaq symbol from EZRA to XGPU; effective date to be announced separately
On October 19, 2026, committee approved cash in lieu of stock: $440,000.00 to Ezra Beyman (partial), $224,193.84 to Judah Korman and $124,730.13 to Mordy Beyman
Filing lists related-party payments; Korman and Mordy Beyman are relatives of a director and the CEO respectively
Reliance Global Group said it repaid in full its Oak Street Funding term loan, its only term debt, leaving no outstanding term debt. The loan had a balance of about $4.4 million as of June 30, 2026, and the repayment was funded by proceeds from two agency sales and collateral cash, without issuing shares. The company reports more than $6 million of cash after the repayment and says it eliminates about $1 million of annual principal, interest and fee payments.
Oak Street Funding term loan repaid in full; balance was about $4.4 million as of June 30, 2026.
Funding: about $1.2 million from the Southwestern Montana Insurance Center sale (closed September 11, 2026), about $2.2 million from the Altruis Benefit Consulting sale (closed September 24, 2026), and about $1.0 million of collateral cash.
Eliminates about $1 million of annual principal, interest and fee payments; company reports more than $6 million of cash on its balance sheet afterward.
Reliance Global Group said it completed the sale of substantially all assets of its Altruis Benefit Consulting subsidiary, a Michigan-based health insurance agency, for an $8 million cash purchase price plus an earnout of up to $1 million over three years. The company said the proceeds strengthen its balance sheet and will be redeployed into its AI platform, RELI Exchange, and other growth initiatives, and the filing does not quantify the effect of the sale on revenue or earnings.
Cash purchase price of $8 million; about $7.5 million received, including full payment of the buyer's $3.1 million seller note on September 30, 2026
$461,729 held by the buyer as indemnity and working capital holdbacks
Earnout of up to $1 million over three years, based on annual revenue growth of the acquired business
Sale closed September 23, 2026, following the September 11, 2026 sale of Southwestern Montana Insurance Center
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