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8-K: Current report

SEC announcement ·  Jul 1 20:34
Summary by Futu AI
On July 1, 2024, Reliance Global Group, Inc. announced the establishment of a new real estate division, marking a significant expansion of its operations. The company, known for its InsurTech platform and portfolio of insurance agencies, is diversifying into real estate with the aim of enhancing shareholder value and leveraging non-dilutive financing sources. Abe Miller, a seasoned real estate investor and M&A executive, has been appointed to lead the new division. Miller's compensation will be entirely success-based, aligning with the company's strategy of focusing on accretive and cash flow positive acquisitions. The announcement was made in conjunction with the company's Form 8-K filing with the SEC and was accompanied by a press release. The new division is set to launch following the closing of the Spetner acquisition and is expected to complement the company's existing insurance brokerage operations. Reliance Global Group's CEO, Ezra Beyman, expressed confidence in Miller's ability to drive the new initiative and contribute to the company's growth and profitability.
On July 1, 2024, Reliance Global Group, Inc. announced the establishment of a new real estate division, marking a significant expansion of its operations. The company, known for its InsurTech platform and portfolio of insurance agencies, is diversifying into real estate with the aim of enhancing shareholder value and leveraging non-dilutive financing sources. Abe Miller, a seasoned real estate investor and M&A executive, has been appointed to lead the new division. Miller's compensation will be entirely success-based, aligning with the company's strategy of focusing on accretive and cash flow positive acquisitions. The announcement was made in conjunction with the company's Form 8-K filing with the SEC and was accompanied by a press release. The new division is set to launch following the closing of the Spetner acquisition and is expected to complement the company's existing insurance brokerage operations. Reliance Global Group's CEO, Ezra Beyman, expressed confidence in Miller's ability to drive the new initiative and contribute to the company's growth and profitability.
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