Reliance Global Group acquires minority stake in Enquantum via debt conversion and cash investment

Reuters02-25
Reliance Global Group acquires minority stake in Enquantum via debt conversion and cash investment

Reliance Global Group Inc. said it completed a strategic investment in Enquantum Ltd. by acquiring an initial minority equity position through the conversion of a previously issued secured bridge note and an additional cash investment as a first milestone payment. The companies agreed to a structured, milestone-based tranche investment plan that could increase Reliance’s ownership to a 51% fully diluted controlling interest over time, subject to achieving specified operational and commercialization milestones and other customary conditions, with majority governance rights expected upon achievement and funding of specified milestones.

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