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8-K: Current report

8-K: Current report

8-K：重大事件
美股sec公告 ·  06/18 08:32
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On June 18, 2024, Reliance Global Group, Inc. announced an update on its pending acquisition of Spetner Associates, Inc., a move that is expected to double the company's annualized revenue to approximately $28 million. The acquisition, which is the largest in the company's history, is anticipated to close in the second half of 2024. Ezra Beyman, Chairman and CEO of Reliance, expressed optimism about the growth of Spetner's BenManage voluntary benefit insurance segment, which has expanded to cover 85,000 employees, up from 45,000 at the time of the initial acquisition announcement. The acquisition aligns with Reliance's 'OneFirm' go-to-market strategy and is seen as a key inflection point for the company, aiming to build a profitable business and deliver substantial returns to shareholders. Reliance Global Group is an InsurTech pioneer, utilizing artificial intelligence and cloud-based technologies to enhance efficiencies in the insurance agency/brokerage industry through platforms like RELI Exchange and 5minuteinsure.com.
On June 18, 2024, Reliance Global Group, Inc. announced an update on its pending acquisition of Spetner Associates, Inc., a move that is expected to double the company's annualized revenue to approximately $28 million. The acquisition, which is the largest in the company's history, is anticipated to close in the second half of 2024. Ezra Beyman, Chairman and CEO of Reliance, expressed optimism about the growth of Spetner's BenManage voluntary benefit insurance segment, which has expanded to cover 85,000 employees, up from 45,000 at the time of the initial acquisition announcement. The acquisition aligns with Reliance's 'OneFirm' go-to-market strategy and is seen as a key inflection point for the company, aiming to build a profitable business and deliver substantial returns to shareholders. Reliance Global Group is an InsurTech pioneer, utilizing artificial intelligence and cloud-based technologies to enhance efficiencies in the insurance agency/brokerage industry through platforms like RELI Exchange and 5minuteinsure.com.
2024年6月18日，Reliance Global Group宣布了有关其待收购Spetner Associates公司的最新消息，此举预计将使公司预计年收入翻倍，达到约2800万美元。这是该公司历史上最大的收购，预计将在2024年下半年完成。Reliance的董事长兼CEO Ezra Beyman对Spetner的BenManage自愿福利保险业务的增长表示乐观，该业务已扩展到覆盖85000名员工，而最初的收购公告时只有45000名员工。这次收购符合Reliance的“OneFirm”营销策略，被视为公司的一个关键拐点，旨在建立有利可图的业务并为股东提供丰厚的回报。Reliance Global Group是一家保险科技公司，利用人工智能和云技术来提高保险代理/券商行业的效率，通过RELI交易所和5minuteinsure.com等平台。
2024年6月18日，Reliance Global Group宣布了有关其待收购Spetner Associates公司的最新消息，此举预计将使公司预计年收入翻倍，达到约2800万美元。这是该公司历史上最大的收购，预计将在2024年下半年完成。Reliance的董事长兼CEO Ezra Beyman对Spetner的BenManage自愿福利保险业务的增长表示乐观，该业务已扩展到覆盖85000名员工，而最初的收购公告时只有45000名员工。这次收购符合Reliance的“OneFirm”营销策略，被视为公司的一个关键拐点，旨在建立有利可图的业务并为股东提供丰厚的回报。Reliance Global Group是一家保险科技公司，利用人工智能和云技术来提高保险代理/券商行业的效率，通过RELI交易所和5minuteinsure.com等平台。
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