Reliance (RELI)
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Reliance Global Group promotes Moshe Fishman to SVP, Strategic Ventures
ReinsuranceNe.ws· 2026-01-30 08:00
Reliance Global Group, Inc., an InsurTech company, has announced the promotion of Moshe Fishman to Senior Vice President, Strategic Ventures.In this expanded role, Fishman will continue driving growth in Reliance’s core insurance and InsurTech operations while pursuing transformative growth through EZRA International Group (EZRA), the company’s strategic acquisition initiative.Reliance explained that EZRA was formed to acquire majority or controlling stakes in high-growth technology companies operating outs ...
Reliance Global announces Nasdaq ticker symbol change
Yahoo Finance· 2026-01-23 14:55
Core Viewpoint - Reliance Global Group is changing its ticker symbol from "RELI" to "EZRA" to better reflect its strategic evolution towards technology-focused acquisitions [1] Group 1: Ticker Symbol Change - The ticker symbol change will be effective at the open of trading on January 26 [1] - The company's common stock will continue to be listed on NASDAQ, and the CUSIP number will remain unchanged [1] Group 2: Strategic Evolution - The change is part of the formation of EZRA International Group, which will focus on acquiring controlling stakes in technology companies [1] - Initial emphasis will be on sectors such as cybersecurity, artificial intelligence, data analytics, FinTech, InsurTech, MedTech, and digital health [1] Group 3: Acquisition Plans - The company plans to acquire a majority stake in Scentech, an AI diagnostics company [1] - The Scentech transaction is structured around clinical, regulatory, and operational milestones [1] - This acquisition represents the first anticipated move under EZRA International Group, aiming for high-impact, technology-driven opportunities with significant long-term potential [1]
Reliance (RELI) - Prospectus
2026-01-23 13:42
As filed with the Securities and Exchange Commission on January 22, 2026 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Reliance Global Group, Inc. (Exact name of registrant as specified in its charter) Incorporation or Organization) Classification Code Number) Identification Number) (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Florida 6411 46-3390293 300 Blvd. of th ...
Reliance Global to change ticker symbol to EZRA from RELI (RELI:NASDAQ)
Seeking Alpha· 2026-01-22 17:38
Reliance Global Group (RELI) on Thursday said its ticker symbol on the NASDAQ Capital Market will change to EZRA beginning Monday, January 26. The ticker symbol change is intended to better reflect the company's strategic evolution, including the formation of EZRA ...
Reliance Global Group Announces NASDAQ Ticker Symbol Change from “RELI” to “EZRA” Following Recent Announcement of First Planned Acquisition Under EZRA International Group
Globenewswire· 2026-01-22 14:45
Core Viewpoint - Reliance Global Group, Inc. is changing its ticker symbol from "RELI" to "EZRA" on January 26, 2026, to better reflect its strategic evolution and focus on technology acquisitions [1][2]. Group 1: Ticker Symbol Change - The ticker symbol change aims to align with the formation of EZRA International Group, which will focus on acquiring controlling stakes in technology companies, particularly in sectors like cybersecurity, AI, FinTech, InsurTech, MedTech, and digital health [2]. - The transition to the new ticker symbol will not require any action from shareholders, and existing share certificates will remain valid [4]. Group 2: Acquisition Strategy - The company has announced plans to acquire a majority stake in Scentech, an AI diagnostics firm specializing in non-invasive disease detection technologies, marking the first acquisition under EZRA International Group [3]. - This acquisition strategy is designed to identify and scale breakthrough technologies that can create long-term value, complementing the stable cash flow from the company's insurance holdings [4]. Group 3: Company Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud technologies to enhance efficiencies in the insurance industry [5]. - The company's platforms, including RELI Exchange and 5minuteinsure.com, provide tools for independent insurance agencies and competitive online insurance quotes for consumers [5].
Reliance Global Group Signs Term Sheet to Acquire Majority Stake in Israeli AI Diagnostic Company, Scentech, Positioning for Entry into the Multi-Billion Dollar Early Disease Detection Market
Globenewswire· 2026-01-07 13:30
Core Viewpoint - Reliance Global Group, Inc. has announced a non-binding term sheet to acquire a majority equity position in Scent Medical Technologies Ltd, marking the first strategic acquisition for its new division, Ezra International Group, which focuses on technology-driven investments [1][7]. Company Overview - Reliance Global Group, Inc. operates in the InsurTech sector, utilizing artificial intelligence and cloud-based technologies to enhance efficiencies in the insurance industry. The company offers a suite of business development tools for independent insurance agencies and provides competitive online insurance quotes to consumers [10]. Acquisition Details - The acquisition aims to secure majority ownership of Scentech, contingent upon achieving defined clinical, regulatory, and operational milestones over time. The structure of the transaction is designed to manage development and execution risks through a milestone-based approach [1][7]. Scentech's Technology - Scentech is developing AI technologies for diagnostics, specifically focusing on breath-based molecular testing platforms. Its product candidates, VOX and VocTracer, are intended for early detection of pancreatic cancer and healthcare-associated infections, respectively [2][3][9]. - The initial target markets for Scentech's platform are estimated to represent a potential global market of $5-10 billion, with a commercial plan based on an 'instrument-plus-consumables' model to generate recurring revenue [5]. Development and Validation - Scentech's product candidates are still under development and have not yet received clinical validation or regulatory approval. The company has invested significantly in laboratory infrastructure and automated sampling technologies [4][8]. - The technology aims to provide non-invasive early detection and screening, potentially complementing existing diagnostic pathways [3][4]. Management Perspective - The CEO of Reliance Global Group emphasized the importance of early detection in improving patient outcomes and healthcare economics. The acquisition aligns with the company's mission to leverage AI to disrupt traditional industries and create long-term shareholder value [6][7].
Reliance Global Group Authorizes the Formation of EZRA International Group, a New Division Focused on Accelerating Breakthrough Technology Companies
Globenewswire· 2026-01-05 13:30
Core Insights - Reliance Global Group, Inc. has announced the formation of EZRA International Group, a new division aimed at acquiring controlling stakes in high-tech Israeli companies, focusing on sectors such as Cybersecurity, AI & Data Analytics, FinTech & InsurTech, and MedTech & Digital Health [1][2] - The strategy is designed to leverage the company's public listing and anticipated cash flow to provide shareholders with exposure to innovative, high-growth technologies, potentially unlocking significant value [2][3] Company Strategy - EZRA International Group will focus on acquiring significant ownership stakes to influence strategy, governance, capital formation, and execution, positioning the company for long-term growth and value creation [2] - The company aims to benefit from its ties and expertise within the Israeli innovation ecosystem, which is characterized by technical talent, entrepreneurial culture, and capital efficiency [3] Business Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [4] - The company's platform, RELI Exchange, offers independent insurance agencies a suite of business development tools, while its consumer platform, 5minuteinsure.com, provides quick online insurance quotes [4]
Reliance Global Group Completes Strategic Sale of its EBS / USBA Business Unit
Globenewswire· 2025-12-29 13:30
Core Insights - Reliance Global Group, Inc. has finalized the sale of two non-core subsidiaries, Employee Benefits Solutions, LLC and U.S. Benefits Alliance, LLC, as part of a balance sheet rationalization program aimed at enhancing the company's ability to pursue new initiatives [1][2] - The company plans to use 50% of the net proceeds from the sale to reduce debt, with the remaining funds reinvested into strategic business initiatives [2][3] Financial Strategy - The sale is part of a broader strategy to focus on areas that are expected to yield better returns on investment, with Reliance having integrated strategic elements of the sold subsidiaries into its core operations [2][3] - The company has successfully reduced its long-term debt by approximately $6 million, or over 50%, during 2025, which strengthens its balance sheet and increases investment capacity [3] Business Operations - Reliance Global Group operates the RELI Exchange platform, which provides independent insurance agencies with business development tools, and the 5minuteinsure.com platform, which offers competitive online insurance quotes [4] - The company aims to enhance its competitive position and scale its operations through reinvestment in its core platforms following the divestiture [3][4]
Reliance Global Group Enters Into Letter of Intent to Sell U.S. Benefits Alliance/EBS Business Unit; Expects Closing Within 30 Days
Globenewswire· 2025-12-11 14:15
Core Insights - Reliance Global Group, Inc. has entered into a non-binding letter of intent to sell its subsidiaries, U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC, as part of its strategy to monetize non-core assets and strengthen its balance sheet [1][2] - The company plans to use 50% of the net proceeds from the sale to reduce debt, enhancing its financial flexibility and capital structure [2][3] - The remaining proceeds will be allocated to business development initiatives, particularly focusing on expanding the platforms RELI Exchange and 5minuteinsure.com, which aim to innovate the insurance market [2][3] Company Strategy - The sale of the EBS/USBA business unit is a significant step in Reliance's transformation into a technology-first wholesale insurance organization [2] - The company emphasizes a disciplined capital allocation strategy, aiming to sharpen its focus on segments with the greatest long-term opportunities for scale and profitability [2][3] - Reliance Global Group is leveraging AI and cloud-based technologies to improve efficiencies in the insurance agency and brokerage industry [3] Business Platforms - RELI Exchange provides independent insurance agencies with a suite of business development tools to compete effectively against larger national agencies [3] - 5minuteinsure.com utilizes AI and data mining to deliver quick and personalized insurance quotes to consumers, enhancing user experience in purchasing auto, home, and life insurance [3]
Reliance Global Group (RELI) Adds to Zcash (ZEC) Position, and Continues Implementing Its Institutional ZEC Adoption Strategy
Globenewswire· 2025-12-08 19:40
Core Viewpoint - Reliance Global Group has increased its investment in Zcash (ZEC) as part of its Digital Asset Treasury strategy, believing that ZEC is a resilient and adaptable digital asset suitable for institutional use [1][2][3] Group 1: Investment Strategy - The additional allocation to ZEC reflects the company's view that it can play a significant role in long-term treasury management [1][2] - Reliance's decision is based on the belief that Zcash's dual architecture offers both transparency and privacy, making it appealing for organizations in regulated environments [2][3] - The company anticipates that as digital assets evolve, there will be a greater focus on balancing confidentiality with compliance, positioning Zcash favorably in this context [3] Group 2: Management Insights - Moshe Fishman, Director of Insurtech, emphasized that ZEC's combination of optional transparency and a practical privacy model provides institutions with necessary flexibility while adhering to governance and compliance standards [3] - Ezra Beyman, Chairman and CEO, stated that privacy is a crucial aspect of modern financial infrastructure, and ZEC is one of the networks that effectively addresses this challenge [3] Group 3: Future Outlook - The company expects that its participation in the Zcash ecosystem will allow it to benefit from the growing institutional and commercial adoption of digital assets [4] - Reliance believes that Zcash's technology, particularly its privacy features, will contribute to the resilience and growth potential of its treasury portfolio [4]