EXCLUSIVE: Reliance Global To Acquire Control Of Post-Quantum Cybersecurity Firm Enquantum

Reliance Global Group, Inc. (NASDAQ:EZRA), a technology-focused company pursuing majority-owned investments, announced Monday a definitive agreement to acquire a controlling interest in Enquantum Ltd. Enquantum a post-quantum cryptography firm developing security solutions for the quantum computing era. The agreement follows Reliance's earlier non-binding term sheet, with due diligence nearly complete. The company expects to close the deal within 30 days. Reliance stated that advances in quantum computing are accelerating the need to replace current encryption methods before they become vulnerable. The company sees post-quantum security moving from long-term planning to immediate deployment decisions for enterprise and public-sector systems. Financial Terms Reliance aims to acquire 51% ownership for a total of $2.125 million, paid in installments linked to operational and commercialization milestones. The agreement values Enquantum at a $2.041 million pre-money valuation, with an implied per-share price of $9.8018. Reliance expects to begin with 8% fully diluted ownership at the initial closing, through conversion of a $166,000 secured bridge note and a cash-funded issuance. Additional monthly issuances will increase ownership to 48%, with a final step to reach 51%. Technology Overview Reliance stated that the transaction supports its recently launched Scale51 strategy and will make Enquantum the first operating platform in its wholly owned EZRA International Group technology portfolio. The company also expects to gain board-level control rights as milestones are met, subject to the definitive agreement and Enquantum governance documents. Enquantum is developing hardware-accelerated, NIST-aligned post-quantum cryptographic solutions for high-throughput network environments. A 2025 patent will cover FPGA-based encrypted communications using quantum-resistant techniques. Ezra Beyman, chairman and CEO of Reliance, said, "We believe Enquantum's technology is designed to address a real and growing requirement for post-quantum security in performance-sensitive environments. With this definitive agreement and our ability to acquire a 51% majority controlling interest, we believe we are positioned to shift our focus from assessment to execution. With the recent launch of Scale51, this transaction will represent a tangible first step in executing our strategy and demonstrates how we intend to translate that framework into action." Moshe Fishman, senior vice president of strategic ventures, stated that post-quantum cryptography is "no longer a purely academic concern," highlighting Enquantum's focus on integrating with existing networks while maintaining required performance. EZRA Price Action: Reliance Global Group shares were up 8.02% at $0.17 during premarket trading on Monday, according to Benzinga Pro data. Photo via Shutterstock