Ocho Investments LLC Amends TruBridge Stake
Ticker: TBRG · Form: SC 13D/A · Filed: Sep 16, 2024 · CIK: 1169445
| Field | Detail |
|---|---|
| Company | Trubridge, Inc. (TBRG) |
| Form Type | SC 13D/A |
| Filed Date | Sep 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0, $10,752,568 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing
TL;DR
Ocho Investments LLC filed an amendment to its 13D for TruBridge, Inc. on 9/16/24, updating their ownership stake.
AI Summary
Ocho Investments LLC, through an amendment filed on September 16, 2024, has updated its Schedule 13D regarding its holdings in TruBridge, Inc. The filing indicates a change in beneficial ownership, with Ocho Investments LLC now holding a significant stake in the company. The specific percentage and number of shares are detailed within the filing.
Why It Matters
This amendment signals a potential shift in control or influence for TruBridge, Inc., as a significant investor updates its position. Investors will monitor future actions by Ocho Investments LLC.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate activist investor intentions or significant stake-building, which can lead to volatility.
Key Players & Entities
- Ocho Investments LLC (company) — Filing entity
- TruBridge, Inc. (company) — Subject company
- Andris Upitis (person) — Authorized contact for Ocho Investments LLC
FAQ
What is the date of the event requiring this filing?
The date of the event which requires filing of this statement is September 13, 2024.
Who is the subject company?
The subject company is TruBridge, Inc.
Who is filing this Schedule 13D/A?
Ocho Investments LLC is filing this Schedule 13D/A.
What is the CUSIP number for TruBridge, Inc. common stock?
The CUSIP number for TruBridge, Inc. common stock is 205306103.
What is the business address of TruBridge, Inc.?
The business address of TruBridge, Inc. is 54 St. Emanuel Street, Mobile, AL 36602.
Filing Stats: 857 words · 3 min read · ~3 pages · Grade level 8.1 · Accepted 2024-09-16 16:41:36
Key Financial Figures
- $0.0 — Inc. (Name of Issuer) Common Stock, $0.0 0 1 par value per share (Title of Clas
- $10,752,568 — common stock for an aggregate price of $10,752,568 using working capital. Item 5. Interes
Filing Documents
- ocin_sc13a.htm (SC 13D/A) — 37KB
- ocin_ex99.htm (EX-99) — 24KB
- 0001096906-24-001856.txt ( ) — 62KB
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration
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: Ocho Investments acquired 1,001,698 shares of common stock for an aggregate price of $10,752,568 using working capital.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer.
(a)-(c) of the Schedule 13D is hereby amended and restated in its entirety as follows
Item 5(a)-(c) of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) Total shares purchased: 1,001,698. Total shares outstanding as of August 7, 2024: 14,960,311, as reported in the Issuer's Quarterly Report on Form 10-Q filed on August 14, 2024. (b) See responses to Items 7, 8, 9 and 10 on the cover pages of this filing, which are incorporated herein by reference. (c) The transactions in the Common Stock by the Reporting Persons during the past sixty days are set forth on Schedule A and are incorporated herein by reference. 4
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. Date: September 16, 2024 OCHO INVESTMENTS LLC By: /s/ Andris Upitis Name: Andris Upitis, Manager ANDRIS UPITIS /s/ Andris Upitis 5