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8-K: Current report

8-K: Current report

8-K：重大事件
美股SEC公告 ·  09/09 08:35
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Reliance Global Group, Inc. has announced an amendment to the definitive agreement for the acquisition of Spetner Associates, a benefits enrollment company. The updated terms, disclosed in a Form 8-K filed with the SEC on September 9, 2024, include a reduction in upfront cash consideration from $8 million to $5.5 million. Additionally, Mrs. Michelle Spetner is no longer a party to the agreement, with Agudath Israel of America joining as a new party. The acquisition, which is expected to close in the second half of 2024, is set to nearly double Reliance's annual revenue to approximately $28 million and significantly increase its Adjusted EBITDA. The company believes the revised terms will benefit shareholders by providing greater flexibility in funding the transaction and minimizing dilution. The acquisition aligns with Reliance's 'OneFirm' strategy and is anticipated to accelerate the company's growth trajectory.
Reliance Global Group, Inc. has announced an amendment to the definitive agreement for the acquisition of Spetner Associates, a benefits enrollment company. The updated terms, disclosed in a Form 8-K filed with the SEC on September 9, 2024, include a reduction in upfront cash consideration from $8 million to $5.5 million. Additionally, Mrs. Michelle Spetner is no longer a party to the agreement, with Agudath Israel of America joining as a new party. The acquisition, which is expected to close in the second half of 2024, is set to nearly double Reliance's annual revenue to approximately $28 million and significantly increase its Adjusted EBITDA. The company believes the revised terms will benefit shareholders by providing greater flexibility in funding the transaction and minimizing dilution. The acquisition aligns with Reliance's 'OneFirm' strategy and is anticipated to accelerate the company's growth trajectory.
Reliance Global Group, Inc.宣布修订了对Spetner Associates的收购协议。根据2024年9月9日提交给SEC的8-k表格披露的更新条款，现金首付款从800万美元减少到550万美元。此外，Michelle Spetner女士不再是协议的一方，取而代之的是Agudath Israel of America。预计收购将在2024年下半年完成，预计将使Reliance的年度营业收入几乎翻倍，达到约2.8亿美元，并显着增加其调整后的EBITDA。公司认为修订后的条款将使股东受益，提供了更大的交易资金灵活性，并减少了稀释。此次收购符合Reliance的“一体化”策略，并预计将加速公司的增长轨迹。
Reliance Global Group, Inc.宣布修订了对Spetner Associates的收购协议。根据2024年9月9日提交给SEC的8-k表格披露的更新条款，现金首付款从800万美元减少到550万美元。此外，Michelle Spetner女士不再是协议的一方，取而代之的是Agudath Israel of America。预计收购将在2024年下半年完成，预计将使Reliance的年度营业收入几乎翻倍，达到约2.8亿美元，并显着增加其调整后的EBITDA。公司认为修订后的条款将使股东受益，提供了更大的交易资金灵活性，并减少了稀释。此次收购符合Reliance的“一体化”策略，并预计将加速公司的增长轨迹。
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