EZRA News & Events

Reliance Global has funded the next completed milestone in its strategic investment in Enquantum, a post-quantum cryptography company developing quantum-resilient encryption technology for high-performance environments. Enquantum is now actively engaging with prospective partners in North America and moving forward with planned implementation in high-value private network environments in Israel, including program in the southern region of Israel. With completion of this milestone, Reliance funded the next investment tranche, increasing its ownership position in Enquantum by an additional 4% to approximately 12% on a fully diluted basis and securing an additional board seat under the investment agreement.

Reliance Global Group announced the completion of its strategic acquisition of Enquantum, a post-quantum cryptography company developing quantum-resilient encryption technology. The transaction marks the first active platform acquisition executed under EZRA's Scale51 operating model and establishes a defined pathway toward majority control as the Company moves to build Enquantum into a core operating platform within EZRA International Group. Quantum computing advancement is accelerating globally, intensifying concern that widely deployed encryption standards such as Rivest-Shamir-Adleman and Elliptic Curve Cryptography - which secure financial systems, hyperscale cloud infrastructure, telecommunications backbones, AI platforms, government systems, and other critical infrastructure - may become vulnerable to quantum-enabled attacks. Security agencies and industry experts have warned of "harvest now, decrypt later" strategies, in which encrypted data is captured today with the expectation it may be decrypted once sufficiently advanced quantum systems become available. "This transaction advances our strategy to acquire majority control of a company in an increasingly important sector as the industry transitions to post-quantum standards," said Ezra Beyman, CEO. "We structured a milestone-driven acquisition pathway designed to culminate in majority control ownership, and today we executed Phase I. We believe, post-quantum encryption is not optional over the long term - it is a structural shift in how critical systems will be secured. We intend to build Enquantum into a scaled operating business under our control." Under the terms of the definitive agreement, Reliance acquired an initial equity position in Enquantum through the conversion of a previously issued secured bridge note and an additional cash investment as the first milestone payment. The agreement provides for structured, milestone-based tranche investments designed to increase Reliance's ownership position over time to a 51% fully diluted controlling interest, subject to the achievement of specified operational and commercialization milestones and satisfaction of customary conditions. Reliance expects to obtain majority governance rights upon the achievement and funding of specified milestones.

Reliance Global "announced that it has signed a definitive agreement to acquire over time a controlling interest in Enquantum Ltd., a post-quantum cryptography technology company addressing a rapidly developing shift in global cybersecurity standards. The agreement follows Reliance's previously announced term sheet and although ongoing, we believe our due diligence review of Enquantum is largely complete and has reinforced our belief in this acquisition. We expect the transaction to close within 30 days. This definitive agreement follows the Company's recent announcement of the launch of its Scale51 operating and acquisition strategy, and is subject to customary closing conditions. Under the agreement, in exchange for certain milestone payments, Reliance will acquire a 51% controlling ownership position in Enquantum through its wholly-owned subsidiary, EZRA International Group, its strategic division for building and scaling high-impact technology companies. Reliance's aggregate purchase price to acquire the 51% fully diluted target ownership is $2,125,000, payable in tranches tied to specified monthly operational and commercialization milestones over an anticipated 10-month period. The agreement reflects a purchase price of $9.8018 per share and a pre-money valuation of $2,041,667 for Enquantum. At the initial closing, Reliance expects to obtain an initial 8% fully diluted ownership position, including (i) conversion of a previously issued $166,000 secured bridge note into Enquantum ordinary shares representing 4% of Enquantum on a fully diluted basis and (ii) a cash-funded issuance representing an additional 4% fully diluted ownership. "

Reliance Global Group announced a strategic advancement designed to position the Company for its next phase of growth, expanding on its InsurTech foundation through the launch of Scale51, an operating and acquisition model within its newly established subsidiary, EZRA International Group. The Company believes that Scale51 represents an expansion beyond the Company's InsurTech foundation and is intended to acquire controlling stakes in technology companies and to support their scaling through U.S. market execution. Under this expanded strategy, the Company intends to continue operating and optimizing its InsurTech platforms and insurance brokerage businesses as an operational and cash flow foundation that the Company believes can support its expanded strategy.