Reliance Global Group, Inc. filed a Form 8-K on November 9, 2026, disclosing the November 3, 2026 acquisition of the Oblivus GPU cloud computing platform from Skyportal Inc. for a closing cash payment of $3,000,000, along with a planned trading symbol change from EZRA to XGPU on the Nasdaq Capital Market.

Key Highlights

  • Acquisition closed November 3, 2026: GPU Exchange Corp., a wholly owned subsidiary of Reliance Global Group, purchased the Oblivus GPU cloud computing platform and related assets from Skyportal Inc.
  • $3,000,000 closing payment: The company paid $3,000,000 in cash at closing, funded from the company's cash on hand.
  • Up to $750,000 in milestone payments: Two additional payments of $375,000 each may be earned if the platform's average monthly cash revenue meets specified thresholds during two consecutive six-month periods following closing.
  • Consulting agreement with founder: Matthew Antoun, Skyportal's founder, entered a 12-month consulting agreement for $250,000 in cash fees, plus potential stock grants totaling up to $600,000 in value, subject to board approval and applicable rules.
  • Trading symbol change planned: The company disclosed it intends to begin trading under the new symbol "XGPU" on the Nasdaq Capital Market at the opening of trading on November 10, 2026.
  • No liabilities assumed: According to the filing, the buyer did not acquire any contracts of the seller or assume any pre-closing liabilities.
  • Optional investment right: The buyer holds the right, but not the obligation, to invest up to $500,000 in Skyportal Inc. during a limited period after closing.

Reliance Global Group Acquires Oblivus Platform and Discloses Deal Terms

According to the Form 8-K filed with the SEC, GPU Exchange Corp., a Delaware corporation and wholly owned subsidiary of Reliance Global Group, Inc. (NASDAQ:EZRA), entered into an Asset Purchase Agreement with Skyportal Inc. on November 3, 2026. The purchased assets include the Oblivus platform's technology and intellectual property, the "Oblivus" name, data, domain names, customer and supplier relationships, and associated goodwill. The filing noted that the closing payment and escrow deposit were funded from the company's cash on hand.

The filing disclosed that Seller may earn up to two additional cash payments of $375,000 each if the platform's average monthly cash revenue equals or exceeds $79,000 during the first six months following closing, and $120,000 during the subsequent six months. The first milestone payment has been deposited in escrow with Acquiom Clearinghouse LLC. The filing states: "There can be no assurance that either Milestone Payment will be earned." Seller and the founder are subject to two-year non-competition and non-solicitation covenants. Seller's indemnification obligations for breaches of general representations and warranties are subject to a $30,000 basket and a $375,000 cap, with aggregate liability capped at the purchase price actually paid.

The consulting agreement with Matthew Antoun, Skyportal's founder, provides for $250,000 in cash fees over 12 months, plus a 5% bonus of gross profit from new customers or suppliers he introduces. Subject to board approval, the company agreed to issue shares with an aggregate value of up to $600,000, including an initial $50,000 tranche within 30 days of closing and additional tranches tied to the common stock reaching $5.00, $7.00, and $10.00 per share for three consecutive trading days. The filing noted these shares will be restricted securities and may not be transferred until the first anniversary of their issuance. Separately, the company disclosed plans to adopt "GPU Exchange" as a doing-business-as name and to change its trading symbol to "XGPU" effective November 10, 2026, while its legal name remains "Reliance Global Group, Inc."

What Was Disclosed

Reliance Global Group disclosed the November 3, 2026 closing of its acquisition of the Oblivus GPU cloud computing platform for $3,000,000 in cash, potential milestone payments of up to $750,000, a consulting agreement with the seller's founder, and a planned Nasdaq trading symbol change to "XGPU."