M&A - Reliance Global Group, Inc.

Form Type: 8-K

Filing Date: 2025-06-20

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225015711

Filing Summary: On June 17, 2025, Reliance Global Group, Inc. announced via a press release its signing of a non-binding letter of intent to sell Fortman Insurance Agency, a wholly-owned subsidiary, for a total of $5 million in cash. The transaction is contingent upon customary due diligence and the negotiation of definitive agreements. The proceeds from this sale are expected to contribute towards the planned acquisition of Spetner Associates, as mentioned in earlier announcements. The announcement was made prior to this report and aims to clarify the company's ongoing strategic actions in relation to its investments and acquisitions.