Ebix Gains Court Approval for Reorganization Amid Bankruptcy
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Ebix, Inc. has gained court approval for its reorganization plan amid ongoing Chapter 11 bankruptcy, resulting in the extinguishing of all existing equity. The company continues operations under bankruptcy protection and warns of the speculative trading nature of its securities during this time. Monthly operating reports issued are not GAAP compliant and may change, cautioning investors against relying on them for decisions. Risks related to bankruptcy proceedings could affect business operations and financial condition.
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