Reliance Global Group, Inc. has completed the acquisition of the assets of Oblivus, a provider of GPU cloud computing and a proprietary GPU marketplace operator. The transaction was executed on November 3, 2026, through GPU Exchange Corp., a newly formed wholly-owned subsidiary of Reliance. The acquired assets include the Oblivus technology and intellectual property, the Oblivus name, data, domain names, customer and supplier relationships, and associated goodwill.
The purchase price consists of $3,000,000 paid in cash at closing. Additionally, the seller, Skyportal Inc., is eligible to receive up to two milestone payments of $375,000 each, contingent upon the platform achieving specific average monthly cash revenue targets during the twelve months following closing. The first milestone payment was deposited into escrow at closing.
Under a consulting agreement entered into at closing, the founder of Oblivus, Matthew Antoun, will provide transition and business development services for twelve months in exchange for $250,000 in cash fees, payable in monthly installments. He is also eligible to receive shares of Reliance’s common stock with an aggregate value of up to $600,000, subject to the closing price of the stock reaching specified thresholds. Reliance also retains the right, but not the obligation, to invest up to $500,000 in the seller.
The company remains debt-free following the closing. Oblivus generated approximately $1.5 million in revenue during the twelve months ended September 2026, based on the seller’s unaudited records. Reliance plans to adopt “GPU Exchange” as its doing-business-as name and change its Nasdaq trading symbol from “EZRA” to “XGPU,” with the change expected to take effect at the opening of trading on November 10, 2026.
