Reliance Global Changes NASDAQ Ticker to EZRA
Reliance Global Group announced that its ticker symbol on the NASDAQ Capital Market will change from "RELI" to "EZRA", effective at the open of trading on Monday, January 26. The Company's common stock will continue to be listed on NASDAQ, and its CUSIP number will remain unchanged. The company said, "The ticker symbol change is intended to better reflect the Company's strategic evolution, including the formation of EZRA International Group, a new division focused on acquiring controlling stakes and accelerating the growth of breakthrough technology companies, with an initial emphasis on businesses operating across sectors such as cybersecurity, artificial intelligence and data analytics, FinTech and InsurTech, as well as MedTech and digital health. This strategic evolution is already underway through the Company's recently announced plan to acquire a majority stake in Scentech, an artificial intelligence diagnostics company developing non-invasive, breath-based disease-detection technologies. The proposed Scentech transaction, structured around clinical, regulatory, and operational milestones, represents the Company's first anticipated acquisition under EZRA International Group and reflects the Company's intention to pursue high-impact, technology-driven opportunities with significant long-term upside potential."
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Reliance Global Group to Acquire Controlling Interest in Enquantum Ltd.
- Acquisition Plan: Reliance Global Group has entered a non-binding term sheet with Enquantum to pursue a controlling interest through a structured investment process over the next 12 months, addressing the emerging threat of quantum computing to encryption security.
- Funding Arrangement: The company executed a secured promissory note on January 15, 2026, as an advance for initial funding, which must be repaid within 60 days if a definitive agreement is not reached, reflecting confidence in the transaction while maintaining structural protections.
- Market Outlook: The post-quantum cryptography market is projected to reach $2.84 billion by 2030, as new cybersecurity regulations come into effect, forcing organizations to upgrade their technology to mitigate risks posed by quantum computing.
- Technological Advantage: Enquantum focuses on developing NIST-compliant post-quantum cryptographic hardware cores designed to deliver higher speed and security, enabling organizations to transition to post-quantum security without compromising operational efficiency.
Reliance Global Changes Ticker to EZRA, Focuses on Tech Acquisitions
- Ticker Change: Reliance Global is changing its NASDAQ ticker from 'RELI' to 'EZRA' effective January 26, aiming to better reflect its strategic evolution and potentially enhance market recognition and investor confidence.
- New Division Launch: The formation of EZRA International Group focuses on acquiring controlling stakes and accelerating the growth of breakthrough technology companies, emphasizing sectors like cybersecurity, artificial intelligence, and data analytics, indicating the company's commitment to the tech market.
- Acquisition Plan Initiated: Reliance Global plans to acquire a majority stake in Scentech, an AI diagnostics firm developing non-invasive breath-based disease detection technologies, marking its first acquisition under the new strategy and promising significant long-term growth potential.
- Clear Strategic Goals: By structuring the acquisition around clinical, regulatory, and operational milestones, Reliance Global demonstrates its intention to pursue high-impact, technology-driven opportunities, further solidifying its market position in the tech sector.
