Atlanta-based Ebix, Inc., an international supplier of software and e-commerce solutions to the insurance industry, announced that it had sold 222,223 shares of its previously un-issued common stock to CF Epic Insurance and General Fund, an investment fund located in London, for a total price of $3,000,010, or $13.50 per share.
The price per share represents a significant premium over the last 30 days trailing closing prices for Ebix stock. After the sale of the stock, Ebix’s cash balance after the investment approximates $10.8 million.
Was this article valuable?
Here are more articles you may enjoy.
Lawyer for Prominent Texas Law Firm Among Victims ID’d in Maine Plane Crash 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Former Ole Miss Standout Player Convicted in $194M Medicare, CHAMPVA Fraud 
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
