Reliance Global Group (NASDAQ: EZRA) sells Altruis for $8 million cash

What happened

Reliance Global Group, Inc. (NASDAQ: EZRA) completed the sale of Altruis Benefit Consulting on September 23, 2026. The deal brought $8 million in cash and an earnout of up to $1 million over the three years after closing. Reliance said the buyer's $3.1 million secured promissory note was paid in full on September 30, 2026.

The company said it has received about $7.5 million in cash, including payment in full of the note, with $0.46 million held back for indemnity and working capital. Reliance also said the sale involved substantially all of Altruis's assets and did not require the issuance of any Reliance common stock. The company said this was its second non-core agency sale completed in September under its portfolio monetization strategy.

Key numbers

Metric	Latest	Change	Source
cash purchase price	$8 million		SEC 8-K Exhibit 99.1
earnout cap	up to $1 million		SEC 8-K Exhibit 99.1
secured promissory note	$3.1 million		SEC 8-K Exhibit 99.1
cash received	approximately $7.5 million		SEC 8-K Exhibit 99.1
holdback balance	$0.46 million		SEC 8-K Exhibit 99.1

Read more: Reliance Global Group (EZRA) stock analysis and investment case

Why it matters

OptimistFi's case is that the operating businesses need to fund the holding company without another cycle of dilution and losses. This sale helps that effort by turning a non-core agency into cash. Reliance said the proceeds can be redeployed into its proprietary AI platform, RELI Exchange and other strategic growth initiatives. The company said this approach is meant to unlock value while it evolves into a technology-driven InsurTech company.

OptimistFi's comparison puts the earnout at 12.5% of the $8 million cash purchase price. The filing also says Altruis historically contributed revenue and operating cash flow, and net proceeds could fall after transaction expenses, income taxes, indemnification claims and holdback issues. Reliance said the proceeds strengthen its balance sheet and financial flexibility.

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What's next

The earnout period runs for three years after closing, and payment depends on annual revenue growth at the acquired business. Any earnout collected in that window would add to the upfront cash price.

If no earnout is earned, the transaction stays at the $8 million cash amount. That leaves the final value dependent on whether the acquired business grows enough to trigger the contingent payment.

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