EXCLUSIVE: Reliance Global Cuts Cash Payment for Spetner Deal, Expects Revenue to Double
Portfolio Pulse from Anusuya Lahiri
Reliance Global Group, Inc. (NASDAQ:RELI) has revised the terms of its acquisition of Spetner Associates, reducing the upfront cash payment from $8 million to $5.5 million. The acquisition is expected to double Reliance's revenue and significantly boost EBITDA in 2024.
September 09, 2024 | 12:17 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Reliance Global Group has reduced the upfront cash payment for its acquisition of Spetner Associates, which is expected to double its revenue and significantly increase EBITDA in 2024.
The reduction in cash payment improves financial flexibility and reduces potential dilution, which is positive for shareholders. The expected doubling of revenue and significant EBITDA increase further enhances the company's growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The revised terms of the Spetner acquisition, including reduced cash payment, are likely to positively impact the warrants of Reliance Global Group.
The improved terms of the acquisition and expected revenue growth are likely to enhance the value of RELIW warrants, as they are tied to the performance of RELI.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80