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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，Inc.宣佈了關於其待收購Spetner Associates，Inc.的最新消息，這一舉措預計將使該公司的年收入翻倍，達到約2800萬美元。這是公司歷史上最大的一筆收購，預計將在2024年下半年完成。Reliance的董事長兼首席執行官Ezra Beyman對Spetner的BenManage自願福利保險業務增長表示樂觀，其覆蓋員工人數已擴大至8.5萬人，而最初的收購公告發布時僅爲4.5萬人。這次收購符合Reliance的“一體化”去市場策略，被視爲公司的一個重要轉折點，旨在建立一個有利潤的企業，向股東提供可觀的回報。Reliance Global Group是一家保險科技先驅，通過像RELI Exchange和5minuteinsure.com這樣的平台，利用人工智能和基於雲技術來提高保險機構/券商行業的效率。
2024年6月18日，Reliance Global Group，Inc.宣佈了關於其待收購Spetner Associates，Inc.的最新消息，這一舉措預計將使該公司的年收入翻倍，達到約2800萬美元。這是公司歷史上最大的一筆收購，預計將在2024年下半年完成。Reliance的董事長兼首席執行官Ezra Beyman對Spetner的BenManage自願福利保險業務增長表示樂觀，其覆蓋員工人數已擴大至8.5萬人，而最初的收購公告發布時僅爲4.5萬人。這次收購符合Reliance的“一體化”去市場策略，被視爲公司的一個重要轉折點，旨在建立一個有利潤的企業，向股東提供可觀的回報。Reliance Global Group是一家保險科技先驅，通過像RELI Exchange和5minuteinsure.com這樣的平台，利用人工智能和基於雲技術來提高保險機構/券商行業的效率。
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