Reliance Global Group, Inc. (EZRA) Form 8-K — Sep 9, 2026
Reliance Global Group (NASDAQ: EZRA) entered a Purchase and Contribution Agreement to sell 100% of its wholly owned subsidiary Southwestern Montana Insurance Center (SMI) to Scali Insurance Group for $2,625,000 in cash, effective September 1, 2026. The price equals 8.75 times SMI's pro forma EBITDA of $300,000, and the company can earn additional uncapped consideration at the same multiple on any EBITDA above $300,000 for the twelve months ending August 31, 2027, though that earnout is subordinated under a separate letter agreement. SMI generated pro forma net annual commissions of $1,646,325 in the trailing twelve months ended March 31, 2026.
Key figures
- Deal Value Usd
- 2625000
- Earnout period
- September 1, 2026 through August 31, 2027
- Ttm period end
- March 31, 2026
- Ebitda multiple
- 8.75x
- Payment deadline
- September 11, 2026
- Pro forma ebitda
- 300000
- Closing effective date
- September 1, 2026
- Indemnification basket
- 10000
- Net working cash balance
- 69000
- Ttm net annual commissions
- 1646325
Price after filing
Close on the filing date to close N calendar days later (from $2.79). Historical, not a forecast.
AI analysis
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