Reliance Global enters term sheet to acquire controlling stake in Enquantum

Reliance Global (EZRA) (RELI) Group announced that it has entered into a non-binding term sheet to acquire a controlling interest in Enquantum. In addition, in connection with the term sheet, On January 15, 2026, Reliance executed a secured promissory note as an advance of the initial funding under a definitive agreement, if executed. The Promissory Note is secured by all of the assets of Enquantum and payable within 60 days of its issuance date if a definitive agreement is not entered into. If a definitive agreement is entered into, the balance due under the Promissory Note will be applied against the first two payment milestones.