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AI brief of an SEC Form 8-K · Reliance Global Group, Inc. (EZRA)

Reliance Global Group completes $3 million cash purchase of Oblivus GPU cloud platform

Neutral Impact 3 of 5 m&a

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.

Key points

  • 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

The filing

CompanyReliance Global Group, Inc. (EZRA)
Form8-K, current report
Filed with the SECNov 9, 2026, 5:27 PM ET
Accession number0001493152-26-050810

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 7:16 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.