Reliance Global Amends Oak Street Credit Agreement to Retain Half of SMI Sale Proceeds
EZRA sits 55% above its 52-week low of $1.75.
Summary
Reliance Global amended its Oak Street credit agreement so only 50% of the $2.625M SMI sale proceeds ($1.2M) goes to loan paydown, letting the company retain the rest. Oak Street also releases SMI as a borrower and its liens on SMI's assets.
Key Events · Financing and Capital Events · EZRA
-
Lender Approves 50% Paydown on SMI Sale
Oak Street Funding consented to the SMI sale and agreed to accept only $1,207,324.67 (50% of proceeds) as loan paydown on Loan ID 121393, instead of the full amount required under the original credit agreement.
-
Company Retains ~$1.2M in Cash
The amendment permits Reliance Global to retain the remaining ~$1.2M of the $2.625M SMI sale proceeds, providing liquidity for a company with heavy cash burn and Nasdaq delisting risk.
-
SMI Released as Borrower; Liens Released
Upon receipt of the Loan Paydown, Oak Street will release SMI as a Borrower and release all security interests and liens on SMI's assets, including UCC-3 termination statements.
-
All Guarantors Reaffirm Credit Documents
CEO Ezra Beyman, Debra Beyman, Yaakov Beyman, Reliance Global Holdings, Reliance Insurtech, Kush Benefit Solutions, and the Company itself each delivered Reaffirmations of Credit Documents, releasing Oak Street from pre-effective-date claims.
Analysis · EZRA · Finance
Reliance Global Group secured lender consent to retain roughly $1.2 million of the $2.625 million SMI sale proceeds instead of applying the full amount to its Oak Street term loan. Under the original credit agreement, all asset-sale proceeds had to go to debt repayment. The Sixth Amendment lets the company keep half — cash that matters for a business burning through reserves and facing Nasdaq delisting risk. In exchange, Oak Street releases SMI as a borrower and its liens on SMI's assets, and all guarantors, including CEO Ezra Beyman and his affiliates, reaffirmed their guarantees. The $15,000 amendment fee is modest relative to the liquidity benefit.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.5% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. 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 $2.72 on NASDAQ in the Finance sector, with a market capitalization of approximately $4.6M. The 52-week trading range was $1.75 to $78.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.