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8-K: Current report

8-K: Current report

8-K:重大事件
美股sec公告 ·  05/15 08:35
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Reliance Global Group, Inc. has entered into a definitive agreement to acquire Spetner Associates, a prominent benefits enrollment company. Announced on May 14, 2024, the agreement stipulates that Reliance will acquire 80% of Spetner's common stock for $13.7 million, with an option to purchase the remaining 20% based on Spetner's EBITDA. The acquisition, which is subject to customary closing conditions, is expected to more than double Reliance's revenue, with Spetner projected to contribute over $14 million in revenue and an Adjusted EBITDA of more than $4 million in 2024. Reliance also plans to raise approximately $10 million through a private or public offering of its common stock to support the transaction. The acquisition aligns with Reliance's strategy to enhance its portfolio and reshape the insurance industry through technology-driven solutions. Spetner's BenManage platform is noted for streamlining HR processes and offering voluntary benefits to over 75,000 employees in the U.S. The integration is anticipated to drive significant EBITDA growth and shareholder value.
Reliance Global Group, Inc. has entered into a definitive agreement to acquire Spetner Associates, a prominent benefits enrollment company. Announced on May 14, 2024, the agreement stipulates that Reliance will acquire 80% of Spetner's common stock for $13.7 million, with an option to purchase the remaining 20% based on Spetner's EBITDA. The acquisition, which is subject to customary closing conditions, is expected to more than double Reliance's revenue, with Spetner projected to contribute over $14 million in revenue and an Adjusted EBITDA of more than $4 million in 2024. Reliance also plans to raise approximately $10 million through a private or public offering of its common stock to support the transaction. The acquisition aligns with Reliance's strategy to enhance its portfolio and reshape the insurance industry through technology-driven solutions. Spetner's BenManage platform is noted for streamlining HR processes and offering voluntary benefits to over 75,000 employees in the U.S. The integration is anticipated to drive significant EBITDA growth and shareholder value.
信實環球集團公司已簽訂最終協議,收購著名的福利註冊公司Spetner Associates。該協議於2024年5月14日宣佈,信實將以1,370萬美元的價格收購斯佩特納80%的普通股,並可以選擇根據斯佩特納的息稅折舊攤銷前利潤購買剩餘的20%。此次收購受慣例成交條件的約束,預計將使信實收入增加一倍以上,Spetner預計將在2024年貢獻超過1400萬美元的收入,調整後的息稅折舊攤銷前利潤超過400萬美元。信實還計劃通過私募或公開發行普通股籌集約1000萬美元,以支持該交易。此次收購符合信實的戰略,即通過技術驅動的解決方案增強其投資組合並重塑保險業。斯佩特納的BenManage平台以簡化人力資源流程和爲美國超過75,000名員工提供自願福利而聞名。該整合預計將推動息稅折舊攤銷前利潤和股東價值的顯著增長。
信實環球集團公司已簽訂最終協議,收購著名的福利註冊公司Spetner Associates。該協議於2024年5月14日宣佈,信實將以1,370萬美元的價格收購斯佩特納80%的普通股,並可以選擇根據斯佩特納的息稅折舊攤銷前利潤購買剩餘的20%。此次收購受慣例成交條件的約束,預計將使信實收入增加一倍以上,Spetner預計將在2024年貢獻超過1400萬美元的收入,調整後的息稅折舊攤銷前利潤超過400萬美元。信實還計劃通過私募或公開發行普通股籌集約1000萬美元,以支持該交易。此次收購符合信實的戰略,即通過技術驅動的解決方案增強其投資組合並重塑保險業。斯佩特納的BenManage平台以簡化人力資源流程和爲美國超過75,000名員工提供自願福利而聞名。該整合預計將推動息稅折舊攤銷前利潤和股東價值的顯著增長。
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