Reliance Global Group Increases Stake in Enquantum to 29%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
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Source: Newsfilter
Reliance Global Group Inc's stock rose by 9.41% as it crossed above the 5-day SMA, reflecting positive investor sentiment.
The company has increased its stake in Enquantum to approximately 29%, with plans to achieve a 51% controlling interest. This move indicates Reliance's confidence in post-quantum cryptography and its strategic positioning in a growing market. Enquantum has also made significant advancements in its technology, which is expected to drive market adoption in sectors like finance and telecommunications.
This strategic investment not only enhances Reliance's control over Enquantum but also positions the company favorably in a rapidly evolving technological landscape, potentially leading to long-term value creation.
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About EZRA
Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. It focuses on growing by pursuing acquisition strategies and focused on wholesale and retail insurance agencies. Its business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies with an entire suite of business development tools. Its business-to-consumer platform, 5minuteinsure.com (5MI), utilizes artificial intelligence and data mining to provide online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. It has added Ethereum to its financial holdings. It focuses on identifying specific risk to reward arbitrage opportunities and developing these on a national platform, and identifying and acquiring undervalued wholesale and retail insurance agencies with operations in growing or underserved segments. It owns Solana, the native token of the Solana blockchain.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Growing Future Demand: Reliance anticipates that the demand for secure private 5G infrastructure and intelligent connected-device applications will continue to grow across various sectors, including construction, manufacturing, and logistics, positioning Enquantum's technologies as critical for driving long-term company growth.
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- Impact of Share Reduction: Following the split, the company's outstanding shares will decrease from approximately 22,230,563 to about 555,764, significantly reducing the number of shares in circulation, which may affect liquidity and investor confidence.
- Stock Price Reaction: Following the announcement of the reverse split, EZRA's stock fell by 26.7% in premarket trading to $0.11, reflecting negative market sentiment regarding the decision and concerns about the company's future prospects.
See More
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- Optimistic Future Outlook: CEO Ezra Beyman expressed strong confidence in the company's future, stating that the reverse stock split will help maintain Nasdaq compliance and support the company's long-term growth strategy in the InsurTech sector.
See More
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- Stable Working Capital: The working capital stood at approximately $2.6 million on the same date, ensuring stability for daily operations and providing a foundation for future growth.
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See More
