Reliance Global Retires All Term Debt, Saves $1M/Year
EZRA sits 19% above its 52-week low of $1.75.
Summary
Reliance Global Group repaid its only term loan in full, eliminating roughly $1M in annual principal, interest, and fees. The Oak Street Funding loan had a balance of about $4.4M as of June 30, 2026, and the company reports over $6M in cash after repayment. This follows a series of asset sales—Altruis and Southwestern Montana Insurance Center—that funded the payoff. The move removes leverage risk and improves cash flow, though divested units may reduce future revenue. Watch for how the freed-up cash is redeployed toward the company's AI and RELI Exchange focus.
At the time of this announcement, EZRA was trading at $2.08 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.7M. The 52-week trading range was $1.75 to $53.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.