🇺🇸Insurance-platform operator Reliance Global Group (Nasdaq: EZRA) closed its Oblivus GPU-cloud acquisition on November 3, paying $3 million cash.

Reliance’s Form 8-K confirms that its wholly owned subsidiary, GPU Exchange Corp., signed the asset purchase agreement and completed the acquisition simultaneously on November 3, 2026. The seller was Skyportal Inc.; the transaction acquired the Oblivus business assets rather than Skyportal as a company.

The acquired assets include platform technology and intellectual property, the Oblivus name, data, domain names, customer and supplier relationships, and associated goodwill. The buyer did not acquire the seller’s contracts or assume pre-closing liabilities, and Skyportal retained its other businesses.

Oblivus operates a graphics processing unit (GPU) cloud platform and marketplace that sources, aggregates, sells and resells accelerated computing capacity from infrastructure providers. Its business includes matching customers with third-party GPU suppliers and providing a common platform for provisioning and managing computing resources.

Reliance’s filed press release says the purchase used cash on hand, no common shares were issued as asset-purchase consideration, and the company remained debt-free after closing. It reports approximately $1.5 million in Oblivus revenue for the twelve months ended September 2026, based on the seller’s unaudited records, while confirming that Reliance continues operating its RELI Exchange insurance platform; proposed expansion and GPU Exchange branding remain management plans.