공시 • Aug 31
Ebix Files Form 15 Ebix, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.10 per share. 공시 • Aug 22
Ebix, Inc. announced delayed 10-Q filing On 08/21/2024, Ebix, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Jul 02
Everyday Health Media, LLC agreed to acquire North American assets of Ebix, Inc. from Ebix, Inc. (OTCPK:EBIX.Q) for $4 million. Everyday Health Media, LLC agreed to acquire North American assets of Ebix, Inc. from Ebix, Inc. (OTCPK:EBIX.Q) for $4 million on June 26, 2024. A cash consideration of $4.05 million will be paid by Everyday Health Media, LLC. The transaction is subject to approval of bankruptcy court. Sidley Austin LLP acted as a legal advisor to Ebix. 공시 • Jun 20
A Consortium including Vikas Lifecare Limited (NSEI:VIKASLIFE) made a bid to acquire Ebix, Inc. (OTCPK:EBIX.Q). A Consortium including Vikas Lifecare Limited (NSEI:VIKASLIFE) made a bid to acquire Ebix, Inc. (OTCPK:EBIX.Q) on June 19, 2024. The proposal provides for the acquisition of 100% of the equity in Ebix Inc. by The Consortium, which includes assets and liabilities in the worldwide subsidiaries of Ebix (other than liabilities in the North American Company), except as otherwise agreed to by The Consortium in accordance with the Stalking Horse Plan Support Agreement. the Stalking Horse Bidder has been approved by the Independent Directors of Ebix. Inc. and that The Consortium has remitted the 5% cash deposit, as required to further the process. 공시 • May 12
Ebix, Inc. announced delayed 10-Q filing On 05/10/2024, Ebix, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Apr 02
Zinnia Distributor Solutions LLC completed the acquisition of North American Life and Annuity assets from Ebix, Inc. (NasdaqGS:EBIX). Zinnia Distributor Solutions LLC entered into a stalking horse agreement to acquire North American Life and Annuity assets from Ebix, Inc. (NasdaqGS:EBIX) for $400 million on December 18, 2023. The sell side breakup fee is equivalent to $12 million. Ash Sawhney, President of Ebix Insurance Solutions North America, will join Zinnia heading up the newly formed Life and Annuity Exchange Solutions business, reporting to Trogni. Joining him will be members of the Ebix Life and Annuity senior leadership team and all L&A employees globally. The transaction is subject to approval by bankruptcy court, regulatory approval and the approval of antitrust institution. The transaction is approved by the acquirer board. On February 15, 2024, Zinnia received Court approval to acquire Ebix L&A Assets after being named the winning bidder. The transaction is expected to close in early March. Thomas Califano, Scott Parel and Justin Macke of Sidley Austin LLP acted as legal advisor, AlixPartners, LLP, Jefferies LLC, and Huron Consulting Group acted as financial advisor to Ebix, Inc. Samuel Khalil, Jason T. Anderson and Matthew Brod of Milbank LLP acted as legal advisor alongside financial advisors Citi and RBC Capital Markets. C Street Advisory Group is serving as strategic communications advisor to Zinnia Distributor Solutions LLC.Zinnia Distributor Solutions LLC completed the acquisition of North American Life and Annuity assets from Ebix, Inc. (NasdaqGS:EBIX) on April 1, 2024. 공시 • Mar 16
Ebix, Inc. announced delayed annual 10-K filing On 03/15/2024, Ebix, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. 공시 • Feb 21
Nasdaq Stock Market, LLC Files Form 25 with the Securities and Exchange Commission to Remove Ebix's Common Stock from Listing, Effective at the Opening of the Trading Session on February 26, 2024 As previously disclosed, on December 18, 2023, Ebix, Inc. (the ‘Company’) received written notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that, as a result of the Chapter 11 Cases and in accordance with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq had determined that the Company’s common stock will be delisted from Nasdaq. Trading of the Company’s common stock was suspended at the opening of business on December 28, 2023. On February 15, 2024, Nasdaq filed a Form 25 with the Securities and Exchange Commission announcing that Nasdaq has determined to remove the Company’s common stock from listing pursuant to Rule 12d2-2 under the Securities Exchange Act of 1934, as amended, effective at the opening of the trading session on February 26, 2024. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorates as stock falls 42% After last week's 42% share price decline to €1.16, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 21x in the Software industry in Germany. 공시 • Dec 20
Zinnia Distributor Solutions LLC entered into a stalking horse agreement to acquire North American Life and Annuity assets from Ebix, Inc. (NasdaqGS:EBIX) for $400 million. Zinnia Distributor Solutions LLC entered into a stalking horse agreement to acquire North American Life and Annuity assets from Ebix, Inc. (NasdaqGS:EBIX) for $400 million on December 18, 2023. The sell side breakup fee is equivalent to $12 million. The transaction is subject to approval by bankruptcy court, regulatory approval and the approval of antitrust institution. The transaction is approved by the acquirer board. Thomas Califano, Scott Parel and Justin Macke of Sidley Austin LLP acted as legal advisor and AlixPartners, LLP and Jefferies LLC acted as financial advisor to Ebix, Inc. Samuel Khalil, Jason T. Anderson and Matthew Brod of Milbank LLP acted as legal advisor to Zinnia Distributor Solutions LLC. 공시 • Dec 18
Ebix, Inc.(NasdaqGS:EBIX) dropped from S&P Software & Services Select Industry Index Ebix, Inc.(NasdaqGS:EBIX) dropped from S&P Software & Services Select Industry Index