Pinetree Capital Ltd. Amends TruBridge Stake Filing

TL;DR

Pinetree Capital updated their TruBridge filing. Watch for ownership changes.

AI Summary

Pinetree Capital Ltd. has amended its Schedule 13D filing regarding TruBridge, Inc. (formerly Computer Programs & Systems Inc.) as of March 18, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. Pinetree Capital Ltd. is based in Toronto, Canada.

Why It Matters

This filing signals a potential shift in significant ownership of TruBridge, Inc., which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or indicate substantial investor interest, which can introduce volatility.

Key Players & Entities

• Pinetree Capital Ltd. (company) — Filing entity
• TruBridge, Inc. (company) — Subject company
• Computer Programs & Systems Inc. (company) — Former name of subject company
• Damien Leonard (person) — Contact person
• L6 Holdings Inc. (company) — Related entity
• David A. Curtiss (person) — Legal counsel
• Schulte Roth & Zabel LLP (company) — Law firm

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie
• $13,022,050 — gregate purchase price of approximately $13,022,050, excluding brokerage commissions. Such
• $4,216,606 — gregate purchase price of approximately $4,216,606, excluding brokerage commissions. Such

Filing Documents

• p24-1229sc13da.htm (SC 13D/A) — 51KB
• 0000902664-24-002484.txt ( ) — 52KB

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows: The Shares reported herein as beneficially owned by L6 were acquired at an aggregate purchase price of approximately $13,022,050, excluding brokerage commissions. Such Shares were acquired using the working capital of L6. L6 may effect purchases of Shares through margin accounts maintained for it with brokers, which extend margin credit as and when required to open or carry positions in its margin accounts, subject to applicable federal margin regulations, stock exchange rules and such firms' credit policies. Positions in Shares may be held in margin accounts and may be pledged as collateral security for the repayment of debit balances in such accounts. Since other securities may be held in such margin accounts, it may not be possible to determine the amounts, if any, of margin used to purchase Shares. The Shares reported herein as beneficially owned by PCL were acquired at an aggregate purchase price of approximately $4,216,606, excluding brokerage commissions. Such Shares were acquired using the working capital of PIP. Item 5. INTEREST IN SECURITIES OF THE COMPANY. Items 5(a)-(c) of the Schedule 13D are hereby amended and restated in their entirety as follows: (a) See rows (11) and (13) of the cover pages to this Schedule 13D/A for the aggregate number of Shares and percentages of the Shares beneficially owned by each of the Reporting Persons. The percentages used in this Schedule 13D/A are calculated based upon 14,507,776 Shares outstanding as of March 11, 2024, as reported in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission on March 15, 2024. The Reporting Persons may be deemed to have formed a "group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the " Exchange Act ") and the "group" may be deemed to beneficially own an aggregate of

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 18, 2024 L6 HOLDINGS INC. By: /s/ Damien Leonard Name: Damien Leonard Title: Managing Director Pinetree Capital Ltd. By: /s/ Damien Leonard Name: Damien Leonard Title: President CUSIP No. 205306103 SCHEDULE 13D/A Page 6 of 6 Pages Schedule A Transactions in the Shares of the Issuer Since the Filing of the Original Schedule 13D The following tables set forth all transactions in the Shares effected since the filing of the Original Schedule 13D by each Reporting Person. Except as noted below, all such transactions were effected in the open market through brokers and the price per share is net of commissions. Where a price range is provided in the column titled "Price Range ($)", the price reported in the column titled "Price Per Share ($)" is a weighted average price. These Shares were sold or purchased in multiple transactions at prices between the price ranges indicated in the column titled "Price Range ($)". The Reporting Persons will undertake to provide to the staff of the SEC, upon request, full information regarding the number of Shares sold or purchased at each separate price. L6 Trade Date Shares Purchased (Sold) Price Per Share ($) Price Range ($) 03/13/2024 100,000 9.451 9.265-9.950 03/14/2024 128,814 9.227 8.750-9.400 03/15/2024 18,342 9.888 9.633-10.000 03/18/2024 60,044 9.910 9.790-9.990

View Full Filing

View this SC 13D/A filing on SEC EDGAR