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Reliance Global Group Funds Next Enquantum Milestone, Increasing Ownership and Securing Additional Board Seat
Milestone-Based Execution Continues Under EZRA’s Scale51 Platform LAKEWOOD, NJ, March 19, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA)
About this update from Reliance Global Group, Inc.
[{"type":"text","content":"Milestone-Based Execution Continues Under EZRA’s Scale51 Platform\nLAKEWOOD, NJ, March 19, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (“we,” “us,” our,” the “Company” or “Reliance”) today announced that it has funded the next completed milestone in its strategic investment in Enquantum Ltd., a post-quantum cryptography company developing quantum-resilient encryption technology for high-performance environments. We believe this milestone marks a significant step forward in Enquantum’s commercialization strategy under the Scale51 execution plan, highlighted by continued advancement of its core technology and R&D capabilities, positioning the company for upcoming deployment activities. 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. The agreement details structured, milestone-based tranche investments designed to increase Reliance’s ownership position to a 51% fully diluted controlling interest when all milestones are completed or upon our acceleration at our discretion. “We believe this milestone reflects the disciplined execution model we outlined from the beginning, where capital is deployed as defined operating objectives are achieved,” said Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. “We expect Enquantum to continue to advance against that framework. This funding increases both our ownership position and our governance role as we continue to execute on EZRA’s Scale51 acquisition platform. We believe this structured approach supports long-term value creation while advancing our path toward a majority position.” Enquantum represents the first active platform investment under EZRA International Group’s Scale51 model, which is designed to identify high-impact technology opportunities, structure disciplined pathways to majority control, and provide active operational support as companies advance toward broader commercialization and scale....