Reliance Global Terminates Altruis Sale LOI, Signs New LOI with Different Buyer
EZRA sits 67% above its 52-week low of $1.75.
Summary
Reliance Global terminated its prior LOI to sell Altruis for $11 million and signed a new non-binding LOI with a different buyer on August 27, 2026. The new deal is still in preliminary due diligence with no disclosed terms.
Key Events · M&A and Partnerships · EZRA
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Prior Altruis Sale LOI Terminated
The non-binding LOI signed July 30, 2026 to sell Altruis for $11 million in cash was terminated on August 14, 2026, including exclusivity, confidentiality, and expense-allocation provisions.
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New LOI with Different Buyer
On August 27, 2026, the company entered a new non-binding LOI with a different third-party purchaser for substantially all of Altruis's operating assets. No purchase price or terms were disclosed.
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Deal Still Preliminary
The new transaction has progressed through preliminary due diligence but remains subject to additional due diligence and negotiation of definitive agreements. No closing timeline was provided.
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Cash Runway Pressure
The loss of the $11 million sale proceeds comes as the company reported a $2.0M Q2 net loss and heavy cash burn, with a Nasdaq MVLS delisting risk still outstanding.
Analysis · EZRA · Finance
The $11 million Altruis sale announced three weeks ago has fallen through, and the company has pivoted to a new buyer under a fresh non-binding LOI. For a company with a market cap under $3 million and heavy cash burn, the loss of a near-term $11 million cash infusion is material. The new deal is still preliminary — no price disclosed, no definitive agreement — so the path to liquidity remains uncertain.
How filings like this one have moved
In the 30 days to Oct 16, 2026, 29.2% of the 1503 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.39%. 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 $2.92 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.9M. The 52-week trading range was $1.75 to $78.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.