EXCLUSIVE: Reliance Global Cuts Cash Payment for Spetner Deal, Expects Revenue to Double
EXCLUSIVE: Reliance Global Cuts Cash Payment for Spetner Deal, Expects Revenue to Double
Reliance Global Group, Inc (NASDAQ:RELI) (NASDAQ:RELIW) provided an update on the pending acquisition of Spetner Associates, including a significant reduction in the upfront cash payment required to close the transaction.
信實環球集團公司（納斯達克股票代碼：RELI）（納斯達克股票代碼：RELIW）提供了即將收購Spetner Associates的最新情況，包括大幅減少完成交易所需的預付現金。
Reliance Global is an InsurTech provider that leverages artificial intelligence and cloud-based technologies to transform and improve efficiencies in the insurance agency/brokerage industry.
Reliance Global是一家保險科技提供商，利用人工智能和基於雲的技術來改造保險機構/經紀行業並提高其效率。
Chair and CEO Ezra Beyman stated, "We are pleased to announce that we have revised the terms of the pending acquisition of Spetner Associates, reducing our upfront cash consideration to $5.5 million from $8 million as originally contemplated."
董事長兼首席執行官埃茲拉·貝曼表示：「我們很高興地宣佈，我們已經修改了即將收購Spetner Associates的條款，將我們的前期現金對價從最初設想的800萬美元降至550萬美元。」
"As such, we believe the new terms are substantially improved for our shareholders, and provide us greater flexibility in how we fund the transaction—in order to minimize dilution and maximize returns," Beyman added.
貝曼補充說：「因此，我們認爲新條款對股東來說得到了顯著改善，爲交易提供資金的方式爲我們提供了更大的靈活性，從而最大限度地減少了稀釋並實現了回報最大化。」
In May 2024, Reliance Global announced the acquisition of Spetner, expecting to double the company's current revenue and generate an adjusted EBITDA of more than $4 million in 2024.
2024年5月，信實環球宣佈收購斯佩特納，預計將使公司目前的收入翻一番，2024年調整後的息稅折舊攤銷前利潤超過400萬美元。
Reliance reaffirmed that the transaction remains on track and is anticipated to close, as announced, in the second half of 2024.
信實重申，該交易仍在按計劃進行，預計將於2024年下半年完成。
"Since first announcing our plans, Spetner's BenManage voluntary benefit insurance segment has experienced impressive growth, now covering over 85,000 employees, a significant increase from their 45,000 covered employees when the transaction was first announced. We could not be more excited about the continued growth in the underlying business as the acquisition is expected to nearly double our annual revenue to approximately $28 million and meaningfully boost our Adjusted EBITDA."
「自首次宣佈我們的計劃以來，斯佩特納的BenManage自願福利保險板塊經歷了驚人的增長，目前覆蓋了超過8.5萬名員工，比交易首次宣佈時的45,000名受保員工大幅增加。我們對基礎業務的持續增長感到非常興奮，因爲此次收購預計將使我們的年收入增加近一倍，達到約2,800萬美元，並將顯著提高調整後的息稅折舊攤銷前利潤。」
Price Action: RELI stock closed at $2.80 Friday.
價格走勢：週五，RELI股票收於2.80美元。
譯文內容由第三人軟體翻譯。