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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.宣佈對Spetner Associates進行了明確協議的修正，該公司是一家福利登記公司。根據2024年9月9日向美國證券交易委員會（SEC）提交的8-k表格披露的最新條款，現場現金考慮金額從800萬美元降低到550萬美元。此外，米歇爾·斯佩特納女士不再是協議的一方，美國亞格達·以色列作爲新的協議方加入。預計該收購交易將於2024年下半年完成，預計將使Reliance的年度營業收入幾乎翻倍，達到約2800萬美元，並顯著增加其調整後的息稅折舊攤銷前利潤（Adjusted EBITDA）。公司相信修訂後的條款將通過提供資金交易的更大靈活性和最小化稀釋來造福股東。該收購符合Reliance的「一體化」策略，並有望加速公司的增長軌跡。
Reliance Global Group, Inc.宣佈對Spetner Associates進行了明確協議的修正，該公司是一家福利登記公司。根據2024年9月9日向美國證券交易委員會（SEC）提交的8-k表格披露的最新條款，現場現金考慮金額從800萬美元降低到550萬美元。此外，米歇爾·斯佩特納女士不再是協議的一方，美國亞格達·以色列作爲新的協議方加入。預計該收購交易將於2024年下半年完成，預計將使Reliance的年度營業收入幾乎翻倍，達到約2800萬美元，並顯著增加其調整後的息稅折舊攤銷前利潤（Adjusted EBITDA）。公司相信修訂後的條款將通過提供資金交易的更大靈活性和最小化稀釋來造福股東。該收購符合Reliance的「一體化」策略，並有望加速公司的增長軌跡。
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