Reliance Global Group Signs LOI to Acquire GPU Cloud Provider
Reliance Global Group signed a letter of intent to acquire a GPU cloud provider, targeting growth in AI infrastructure.
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04:18:08 PM UTC
SquawkNews
Reliance Global Group signed a non-binding LOI to acquire assets of a GPU cloud provider for $3.0M cash at closing, with up to $750K in milestone-linked payments, and expects to close in early Nov 2026. Funding is in place and no shares will be issued.Material DetailsContext by AI AnalystThis is an…