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(Nasdaq: EZRA) completed the sale of substantially all assets of its Altruis Benefit Consulting subsidiary for an $8 million cash purchase price, plus a potential $1 million earnout over three years.
The transaction closed on September 23, 2026, and the $3.1 million secured promissory note delivered by the buyer was paid in full on September 30, 2026.
Of the $8 million cash purchase price, Reliance received approximately $7.5 million in cash. This amount includes the full payment of the buyer's $3.1 million seller note.
The remaining $461,729 is held by the buyer as customary indemnity and working capital holdbacks.
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