Altruis Sale Yields $7.5M Cash for Reliance Global as Seller Note Is Paid Off
EZRA sits 39% above its 52-week low of $1.75.
Summary
Reliance Global completed the sale of Altruis Benefit Consulting for $8 million, receiving approximately $7.5 million in cash after the buyer's $3.1 million seller note was paid in full on September 30, 2026.
Key Events · M&A and Partnerships · EZRA
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Altruis Sale Completed
The sale of substantially all assets of Altruis Benefit Consulting closed on September 23, 2026, for $8 million cash plus up to $1 million earnout over three years.
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Seller Note Paid in Full
The buyer's $3.1 million secured promissory note was paid in full on September 30, 2026, bringing total cash received to approximately $7.5 million.
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Holdbacks and Earnout
$461,729 remains held by the buyer as customary indemnity and working capital holdbacks; up to $1 million in earnout payments may be earned based on annual revenue growth.
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Balance Sheet Strengthening
Proceeds strengthen the balance sheet and provide capacity to invest in the AI platform and RELI Exchange network, with no shares issued in the transaction.
Analysis · EZRA · Finance
The Altruis divestiture has now delivered approximately $7.5 million in cash to Reliance Global, including full repayment of the buyer's $3.1 million seller note on September 30, 2026. This influx materially strengthens the balance sheet at a pivotal moment, given the company's Q2 2026 revenue decline, ongoing losses, and Nasdaq delisting risk. The proceeds provide runway for the strategic pivot toward its AI platform and RELI Exchange network, though the loss of Altruis's revenue stream remains a headwind.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EZRA was trading at $2.44 on NASDAQ in the Finance sector, with a market capitalization of approximately $4M. The 52-week trading range was $1.75 to $53.20. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.