UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
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| * | On December 28, 2023, the Nasdaq Stock Market LLC (“Nasdaq”) suspended trading of Ebix, Inc. common stock, par value $0.10 per share (“Common Stock”). Nasdaq filed a Form 25 with the U.S. Securities and Exchange Commission on February 15, 2024 to delist the Common Stock from the Nasdaq Stock Market, effective at the opening of the trading session on February 26, 2024. The deregistration of the common stock under Section 12(b) of the Securities Exchange Act of 1934 will be effective 90 days, or such shorter period as the U.S. Securities and Exchange Commission may determine, after filing of the Form 25-NSE. Our common stock currently trades on the maintained by the OTC Markets Group, Inc. under the symbol “EBIXQ.” |
| Item 7.01 | Regulation FD Disclosure |
On April 1, 2024, Ebix, Inc. (the “Company”) issued a press release announcing that the Securities and Exchange Commission (the “SEC”) has concluded its investigation of the Company and does not intend to recommend any further actions against the Company. The SEC launched its non-public investigation in response to the resignation of the Company’s former auditor and a report issued by Hindenburg Research.
The Company also announced that the United States Court of Appeals for the Second Circuit has affirmed the dismissal, with prejudice, of all the pending securities fraud claims against Ebix and its officers, filed in the United States District Court for the Southern District of New York (SDNY). This class action suit - Ebix, Inc. (“Ebix”) vs. Rahul Saraf (the “Plaintiff”), was filed in the SDNY after the resignation of the Company’s former auditor and the subsequent report issued by Hindenburg Research. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
Exhibit Number |
Description | |
| 99.1 | Ebix, Inc. Press Release, dated April 1, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 1, 2024 |
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| EBIX, INC. | ||||||
| By: | /s/ Amit Kumar Garg | |||||
| Name: | Amit Kumar Garg | |||||
| Title: | Chief Financial Officer | |||||