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Reliance Global Group Signs Definitive Agreement to Acquire Controlling Stake in Post-Quantum Cybersecurity Company Enquantum

EZRA
  • Reliance Global Group (NASDAQ: EZRA) signed a definitive agreement to acquire a controlling 51% interest in Enquantum Ltd., a post-quantum cryptography company, over a 10-month period.
  • The aggregate purchase price for the 51% fully diluted target ownership is $2,125,000, payable in monthly tranches tied to operational & commercialization milestones.
  • Reliance expects the transaction to close within 30 days, subject to customary conditions & ongoing due diligence.
  • Initial closing will grant Reliance an 8% fully diluted stake, comprised of 4% from converting a $166,000 secured bridge note & 4% from a cash-funded issuance.
  • Subsequent monthly tranches are designed to increase Reliance's ownership by 4% per month until reaching 48%, followed by a final control top-up to 51% via issuance of Reliance common stock.
  • Reliance will obtain the right to appoint a majority of Enquantum's board of directors upon achieving & funding specified milestones.
  • The deal aligns with Reliance's Scale51 operating strategy, positioning Enquantum as the first operating platform within its EZRA International Group division.
  • Enquantum develops hardware-accelerated, NIST-aligned post-quantum cryptographic solutions using FPGA-based encrypted communications, holding a 2025 patent for its quantum-resistant techniques.
  • The transaction addresses the urgent shift toward post-quantum security in financial services, cloud & AI infrastructure, global communications, & public-sector systems.
  • Reliance views the acquisition as a strategic move to transition from assessment to execution in high-impact technology markets requiring performance-sensitive security.