Reliance Global Group Announces Nasdaq Ticker Symbol Change from “EZRA” to “XGPU”

(NASDAQ:EZRA) Reliance Global Group, Inc. announced that its ticker symbol on The Nasdaq Capital Market will change from “EZRA” to “XGPU”, effective at the open of trading on Tuesday, November 10, 2026. The Company’s common stock will continue to be listed on The Nasdaq Capital Market, and its CUSIP number will remain unchanged. The ticker symbol change reflects the Company’s entry into the GPU cloud and artificial intelligence (AI) infrastructure market through its previously announced acquisition of the assets of Oblivus, a GPU cloud provider and marketplace operator. The acquisition of Oblivus was completed on November 3, 2026. In connection with this strategy, the Company is adopting “GPU Exchange” as its doing-business-as name, and the acquired business will operate under the GPU Exchange brand. The Company’s legal name will remain Reliance Global Group, Inc. The acquisition of the assets of Oblivus from Skyportal Inc. was completed through GPU Exchange Corp., a newly formed, wholly owned subsidiary of the Company, in an all-cash transaction funded from cash on hand, with no shares of the Company’s common stock issued as consideration for the acquired assets. Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group, stated that the transition of the ticker symbol to “XGPU” aligns the Company’s public identity with the AI infrastructure business being built under the GPU Exchange brand. The Company’s focus is on execution, scaling GPU computing capacity, growing the GPU Exchange marketplace, and creating long-term value for shareholders. The Company continues to operate, enhance, and grow its RELI Exchange Insurtech platform. No action is required by shareholders in connection with the ticker symbol change, and the Company’s common stock will begin trading under the new symbol on November 10, 2026. The Company operates insurance and technology businesses and pursues opportunities to build and scale AI-related platforms. Through the acquisition of Oblivus, the Company has entered the GPU cloud and AI infrastructure market, which it plans to scale under the GPU Exchange brand.

Reliance Global Group Completes Acquisition of Oblivus, Marking Its Entry Into the AI Infrastructure Market

(NASDAQ:EZRA) Reliance Global Group, Inc. announced the completion of its acquisition of the assets of Oblivus, a GPU cloud provider and marketplace operator, from Skyportal Inc. The acquisition closed on November 3, 2026, and was funded entirely in cash from cash on hand, with no shares of Reliance common stock issued as consideration. Reliance remains debt-free following the closing. Oblivus generated approximately $1.5 million in revenue during the twelve months ended September 2026, based on the seller’s unaudited records. The purchase price consisted of $3,000,000 paid in cash at closing and up to $750,000 of additional cash payments contingent on the acquired business achieving specified revenue milestones during the twelve months following closing, with $375,000 deposited into escrow at closing. The acquisition was completed through GPU Exchange Corp., a newly formed, wholly-owned subsidiary of Reliance. Under a consulting agreement entered into at closing, the founder of Oblivus will provide business development, strategic advisory, and transition services for twelve months in exchange for $250,000 in cash, payable in monthly installments, and will be eligible to receive shares of Reliance common stock with an aggregate value of up to $600,000. Of this, $50,000 is issuable within 30 days following closing, and the balance is issuable only if Reliance common stock closes at or above $5.00, $7.00, and $10.00 per share, respectively, for three consecutive trading days, subject to approval by Reliance’s Board of Directors. Reliance also holds a right, exercisable at its option, to invest up to $500,000 in the seller. Additional information regarding the acquisition will be included in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission. Reliance plans to adopt GPU Exchange as its doing-business-as (DBA) name and to change its Nasdaq trading symbol from EZRA to XGPU, with the acquired business operating under the GPU Exchange brand. The effective date of any ticker change will be announced separately, and Reliance shares currently continue to trade under EZRA. Ezra Beyman, Chairman and Chief Executive Officer of Reliance, stated that Oblivus provides an established, revenue-generating platform for growth. Judah Korman, Chief Operating Officer, emphasized the company’s focus on execution, expanding GPU capacity, growing the customer base, and converting opportunities into revenue. Oblivus provides developers and businesses with access to GPU computing resources for AI training, inference, and other demanding workloads, with customers able to deploy and manage computing instances through its online platform and API. Its proprietary GPU marketplace connects customers with available computing capacity and enables third-party hardware owners to earn rental revenue. Reliance’s growth strategy includes investment in a company-owned GPU fleet and expansion of the platform’s third-party GPU marketplace. The company intends to increase computing supply, attract additional hardware providers, and broaden customer adoption, aiming to establish GPU Exchange as a leading destination for GPU computing power and hardware monetization. Reliance continues to operate, enhance, and grow its RELI Exchange insurance platform alongside the new business.

Reliance Global Group Signs LOI to Acquire a GPU Cloud Provider, Targeting Rapid Growth in AI Infrastructure

(NASDAQ:EZRA) Reliance Global Group, Inc. announced that on September 23, 2026, it executed a non-binding letter of intent (LOI) to acquire the assets of a GPU cloud provider and marketplace operator specializing in on-demand computing infrastructure for AI training, inference, and other demanding workloads. The proposed acquisition would mark Reliance’s entry into the AI cloud market, with a strategy to scale rapidly by investing in a Company-owned GPU fleet and expanding the acquisition target’s proprietary marketplace. The business being acquired enables third-party GPU owners to earn revenue by offering their hardware through its platform. Reliance plans to build on this foundation by acquiring additional GPUs, increasing available computing capacity, and broadening marketplace participation. The acquisition is structured to result in no dilution to existing shareholders, as the purchase price is payable entirely in cash and no shares of the Company’s common stock will be issued as consideration. The funds required to complete the transaction are already in place. Under the LOI, $3,375,000 is payable at closing, consisting of $3,000,000 in cash and $375,000 funded into escrow. An additional $375,000 is payable 12 months after closing, with both $375,000 payments subject to the achievement of specified milestones. The Company will also pay $250,000 of consulting fees to the founder of the business over the 12 months following closing. The LOI provides for an optional $500,000 investment by Reliance in a related company of the seller. Reliance reiterated that it is debt-free, having retired 100% of its term debt. Due diligence is substantially complete, and the Company anticipates closing in early November 2026, subject to finalizing definitive agreements and satisfying applicable closing conditions. Reliance plans to adopt GPU Exchange as its doing-business-as (DBA) name and change its Nasdaq trading symbol from EZRA to XGPU, with the acquired business to operate under the GPU Exchange brand. The effective date of any ticker change will be announced separately, and shares currently continue to trade under EZRA. Ezra Beyman, Chairman and Chief Executive Officer, stated that the proposed acquisition provides an operating foundation for entry into AI infrastructure, with a clear strategy to scale substantially, and emphasized that the acquisition is being pursued with no outstanding debt, funding already in place, and no dilution to existing shareholders. Judah Korman, Chief Operating Officer, highlighted the focus on execution, acquiring and deploying GPUs, growing the customer base, and making it easier for hardware owners to earn revenue through the marketplace. Reliance continues to operate, enhance, and grow the RELI Exchange platform, and believes the proposed acquisition creates new opportunities for expansion and scale. Following completion of the acquisition, Reliance intends to pursue growth through acquiring and scaling a Company-owned GPU fleet and growing the proprietary GPU marketplace. The Company-owned fleet would complement third-party capacity available through the marketplace, allowing growth through both direct infrastructure investment and increased provider participation. The LOI is non-binding, and the acquisition has not yet closed. Due diligence is substantially complete, and completion remains subject to finalizing definitive agreements and satisfying applicable closing conditions. Reliance anticipates closing in early November 2026 and expects to provide additional updates as the transaction progresses.

Reliance Global Group Regains Compliance with Nasdaq Continued Listing Requirements

(NASDAQ: EZRA) Reliance Global Group, Inc. announced that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement for continued listing on Nasdaq. On December 12, 2025, the Company was notified by Nasdaq that its common stock had failed to maintain a minimum bid price of $1.00 per share for 30 consecutive business days. Nasdaq determined that the closing bid price of the Company's common stock was at or above $1.00 per share for 10 consecutive business days from May 18, 2026, through June 1, 2026. The Company operates its business-to-business InsurTech platform, RELI Exchange, and its business-to-consumer platform, 5minuteinsure.com, which uses AI and data mining to provide competitive online insurance quotes within minutes. Reliance Global Group, Inc. also operates EZRA International Group, focused on identifying, acquiring, and building majority or controlling stakes in high-growth technology and life sciences companies. The company projects continued execution of its growth strategy, expansion of its Insurtech footprint, and advancement of EZRA International Group, leveraging its technology-driven platform. The Company operates a portfolio of select retail brick-and-mortar insurance agencies throughout the United States.