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8-K: Current report

8-K: Current report

8-K:重大事件
美股sec公告 ·  05/15 08:35
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Reliance Global Group, Inc. has entered into a definitive agreement to acquire Spetner Associates, a prominent benefits enrollment company. Announced on May 14, 2024, the agreement stipulates that Reliance will acquire 80% of Spetner's common stock for $13.7 million, with an option to purchase the remaining 20% based on Spetner's EBITDA. The acquisition, which is subject to customary closing conditions, is expected to more than double Reliance's revenue, with Spetner projected to contribute over $14 million in revenue and an Adjusted EBITDA of more than $4 million in 2024. Reliance also plans to raise approximately $10 million through a private or public offering of its common stock to support the transaction. The acquisition aligns with Reliance's strategy to enhance its portfolio and reshape the insurance industry through technology-driven solutions. Spetner's BenManage platform is noted for streamlining HR processes and offering voluntary benefits to over 75,000 employees in the U.S. The integration is anticipated to drive significant EBITDA growth and shareholder value.
Reliance Global Group, Inc. has entered into a definitive agreement to acquire Spetner Associates, a prominent benefits enrollment company. Announced on May 14, 2024, the agreement stipulates that Reliance will acquire 80% of Spetner's common stock for $13.7 million, with an option to purchase the remaining 20% based on Spetner's EBITDA. The acquisition, which is subject to customary closing conditions, is expected to more than double Reliance's revenue, with Spetner projected to contribute over $14 million in revenue and an Adjusted EBITDA of more than $4 million in 2024. Reliance also plans to raise approximately $10 million through a private or public offering of its common stock to support the transaction. The acquisition aligns with Reliance's strategy to enhance its portfolio and reshape the insurance industry through technology-driven solutions. Spetner's BenManage platform is noted for streamlining HR processes and offering voluntary benefits to over 75,000 employees in the U.S. The integration is anticipated to drive significant EBITDA growth and shareholder value.
信实环球集团公司已签订最终协议,收购著名的福利注册公司Spetner Associates。该协议于2024年5月14日宣布,信实将以1,370万美元的价格收购斯佩特纳80%的普通股,并可以选择根据斯佩特纳的息税折旧摊销前利润购买剩余的20%。此次收购受惯例成交条件的约束,预计将使信实收入增加一倍以上,Spetner预计将在2024年贡献超过1400万美元的收入,调整后的息税折旧摊销前利润超过400万美元。信实还计划通过私募或公开发行普通股筹集约1000万美元,以支持该交易。此次收购符合信实的战略,即通过技术驱动的解决方案增强其投资组合并重塑保险业。斯佩特纳的BenManage平台以简化人力资源流程和为美国超过75,000名员工提供自愿福利而闻名。该整合预计将推动息税折旧摊销前利润和股东价值的显著增长。
信实环球集团公司已签订最终协议,收购著名的福利注册公司Spetner Associates。该协议于2024年5月14日宣布,信实将以1,370万美元的价格收购斯佩特纳80%的普通股,并可以选择根据斯佩特纳的息税折旧摊销前利润购买剩余的20%。此次收购受惯例成交条件的约束,预计将使信实收入增加一倍以上,Spetner预计将在2024年贡献超过1400万美元的收入,调整后的息税折旧摊销前利润超过400万美元。信实还计划通过私募或公开发行普通股筹集约1000万美元,以支持该交易。此次收购符合信实的战略,即通过技术驱动的解决方案增强其投资组合并重塑保险业。斯佩特纳的BenManage平台以简化人力资源流程和为美国超过75,000名员工提供自愿福利而闻名。该整合预计将推动息税折旧摊销前利润和股东价值的显著增长。
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