Reliance Global shares surge 13.59% intraday as ticker changes to EZRA and announces AI diagnostics acquisition strategy.

Reliance Global surged 13.59% intraday after announcing its ticker symbol change to "EZRA" effective January 26, 2026, alongside the formation of EZRA International Group to acquire tech-focused companies. The move coincides with a planned majority stake acquisition in Scentech, an AI diagnostics firm specializing in breath-based disease detection, marking the division’s first target. The strategic pivot toward cybersecurity, AI, and MedTech aims to leverage high-growth sectors, while the ticker change signals a rebranding effort to align with the new focus. Investors likely interpreted the shift as a catalyst for long-term value creation, despite the company’s weak financial metrics, including a negative EBITDA and low stock price, as the new strategy positions Reliance Global to capitalize on emerging technology opportunities.