An update from Ebix (EBIXQ) is now available.
Ebix, Inc. and its subsidiaries, currently in Chapter 11 bankruptcy, have received court approval for their reorganization plan, which will see all existing equity extinguished upon the plan’s effective date. The company continues to operate under bankruptcy protection, issuing a caution regarding the speculative nature of trading its securities during this period. They have also filed monthly operating reports, which are not prepared in accordance with GAAP and are subject to change, warning investors not to rely on them for investment decisions. Moreover, the company outlines various risks associated with their ongoing bankruptcy proceedings, which could impact their business operations and financial condition.
For an in-depth examination of EBIXQ stock, go to TipRanks’ Stock Analysis page.
