Nature of Update
Execution of subordination agreement for acquisition financing facilities.
Key Operational or Strategic Points
- The company executed a subordination agreement dated July 10, 2026, with multiple entities including Inventurus Knowledge Solutions, Inc., Aquity Holdings, Inc., Aquity Solutions, LLC, Aquity Solutions India Private Limited and Axis Trustee Services Ltd. GIFT City Branch
- The agreement subordinates intercompany debts and liabilities (including shareholder loans, dividends, and management fees) owed by IKS Inc., the Company, Aquity Holdings, Inc., Aquity Solutions, LLC and any other subsidiaries of the Company and IKS Inc. (including TruBridge, Inc and its subsidiaries)
- Excluded from subordination are general trade receivables or any intra-Group receivables arising in the ordinary course of business in consideration for services or costs reimbursed on arm's length terms
- The Intercompany Debt will rank and remain subordinated to the obligations of IKS Inc. under financing facilities aggregating up to USD 635,000,000
- This follows previous communications dated April 23, 2026, July 2, 2026, July 3, 2026, July 6, 2026 and July 9, 2026 regarding the acquisition of TruBridge, Inc. by IKS Inc.