Reliance Global Group, Inc. (EZRA) Form 8-K — Nov 9, 2026
Reliance Global Group (NASDAQ: EZRA) closed the acquisition of the Oblivus GPU cloud computing platform via its new subsidiary GPU Exchange Corp. on November 3, 2026, paying $3,000,000 in cash with up to $750,000 in revenue-based milestone payments. The company is adopting "GPU Exchange" as its doing-business-as name and will change its Nasdaq ticker from EZRA to XGPU at the open on November 10, 2026 — a full strategic pivot from insurance into GPU cloud computing. Founder Matthew Antoun signed a 12-month consulting agreement worth $250,000 in fees plus up to $600,000 in stock grants tied to share-price thresholds of $5, $7 and $10.
Key figures
- Deal Value Usd
- 3000000
- Escrow deposit usd
- 375000
- Closing payment usd
- 3000000
- Consulting fees usd
- 250000
- Stock grants max usd
- 600000
- Indemnification cap usd
- 375000
- Investment right max usd
- 500000
- Indemnification basket usd
- 30000
- Milestone payments max usd
- 750000
- Stock grant price thresholds usd
- [5,7,10]
- First milestone threshold avg monthly revenue usd
- 79000
- Second milestone threshold avg monthly revenue usd
- 120000
AI analysis
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