Reliance sells Altruis unit for $11M cash, retiring debt
Reliance Global Group entered a non-binding LOI to sell substantially all assets of Altruis Benefit Consulting for $11M in cash, expected to generate ~$7.6M of incremental cash after debt repayment and support future AI investments.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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