secwatch.observer — SEC 8-K summary
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Issuer:     EBIX INC (—)
CIK:        0000814549
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001193125-24-196984
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bankruptcy court confirms Ebix Chapter 11 plan; common stock to be cancelled with no recovery
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- Court confirmed Third Amended Joint Plan on Aug 2, 2024; equity holders receive no distribution.
- Plan sponsor consortium (Eraaya Lifespaces, Vikas Lifecare, Vitasta Software) to fund at least $145M new money investment.
- $3.5M contributed to GUC Recovery Pool for allowed non-lender unsecured claims.
- Debtors reported $533M assets and $1.05B liabilities as of June 30, 2024.
- Effective date pending satisfaction of all conditions precedent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814549/000119312524196984/0001193125-24-196984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814549/000119312524196984/d857062d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-196984

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