Reliance Global Group, Inc. 8-K

What Happened

• Reliance Global Group, Inc. announced an asset sale: on December 23, 2025 the company and its subsidiaries (Employee Benefits Solutions, LLC and US Benefits Alliance, LLC) entered into an Asset Purchase Agreement to sell substantially all assets used in their insurance brokerage and related services business to Employee Benefit Solutions Inc. The agreement is dated December 23, 2025 with an Effective Date of November 30, 2025 (11:59 p.m. ET), and the transaction closed on December 24, 2025.
• The purchaser paid $1,050,000 in cash at closing. The Purchase Agreement contains customary representations, warranties, covenants and indemnities, confidentiality provisions, and mutual non‑solicitation covenants for five years.

Key Details

• Purchase price: $1,050,000 in cash, payable at closing by wire transfer.
• Parties: Sellers were two wholly owned subsidiaries (Employee Benefits Solutions, LLC and US Benefits Alliance, LLC); purchaser was Employee Benefit Solutions Inc.
• Dates: Purchase Agreement dated Dec 23, 2025; Effective Date Nov 30, 2025 (11:59 p.m. ET); transaction closed Dec 24, 2025.
• Post‑closing reconciliation: parties will prepare monthly reconciliation schedules for Entitlement Payments and other post‑Effective Date receipts/expense allocations, with net amounts due within five days after agreement.

Why It Matters

• This 8‑K reports a disposition of substantially all assets of the company’s insurance brokerage business, resulting in a $1.05M cash inflow and removal of those assets from Reliance’s operations. Investors should note the company has exited (or materially reduced) that business line as of the closing date.
• The purchase agreement’s post‑closing reconciliation and five‑year restrictive covenants may affect future collections or obligations tied to the sold business; the agreement and related attachments are filed as an exhibit to the 8‑K for further detail.