Reliance Global Group sells Altruis Benefit Consulting for $8 million, plus up to $1 million earnout

Bitget2026/10/05 21:27

Reliance Global Group sold substantially all assets of Altruis Benefit Consulting for an USD 8 million cash purchase price. Transaction closed on Sept. 23, 2026. Buyer paid a USD 3.1 million secured promissory note in full on Sept. 30, 2026. Up to USD 1 million earnout may be paid over three years, tied to annual revenue growth. Buyer is holding USD 461,729 for indemnity and working-capital holdbacks. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Global Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-045782), on October 05, 2026, and is solely responsible for the information contained therein.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Reliance Global Group sold substantially all assets of Altruis Benefit Consulting for an USD 8 million cash purchase price.
Transaction closed on Sept. 23, 2026.
Buyer paid a USD 3.1 million secured promissory note in full on Sept. 30, 2026.
Up to USD 1 million earnout may be paid over three years, tied to annual revenue growth.
Buyer is holding USD 461,729 for indemnity and working-capital holdbacks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Global Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-045782), on October 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

A new twist has emerged in the US AI data center investment boom. SoftBank is preparing for cooling US demand and a deteriorating political environment, and does not rule out shifting data center construction priorities to other countries. As cross-border computing power delivery capability improves and investment returns come under question, the logic behind AI infrastructure expansion is loosening, and over $3.5 trillion in infrastructure investment now faces potential impairment risks.

华尔街见闻•2026/11/09 10:26