The US Bankruptcy Court gave an order approving the sale of certain assets of Ebix, Inc. on February 16, 2024. The debtor has been authorized to sell its certain assets to Zinnia Distributor Solutions LLC for a consideration of $400 million minus the deposit escrow amount, which shall be released to seller and/or the applicable seller group member by the escrow agent plus the QOE adjustment amount and assume the assumed liabilities. The debtor?s assets include all of the rights, title, and interests in, to and under the assets and interests of the Seller Group that are primarily used or held for use in connection with the NA L&A Asset Business (other than the specified Excluded Assets), including agreed upon working capital assets of the NA L&A Business and other assets.