Major TruBridge (TBRG) holders sign voting pact backing IKS merger

Rhea-AI Filing Summary

L6 Holdings Inc. and Pinetree Capital Ltd. amended their ownership filing on TruBridge, Inc. to disclose a planned merger and new voting commitments. L6 Holdings reports beneficial ownership of 2,130,000 shares, representing 14.3% of TruBridge’s common stock. Pinetree Capital reports 850,000 shares, or 5.7% of the class.

On April 23, 2026, TruBridge agreed to merge with IKS Next Horizon, Inc., a subsidiary of Inventurus Knowledge Solutions, Inc., after which TruBridge would become a wholly owned subsidiary. The reporting shareholders entered Voting and Support Agreements requiring them to vote in favor of the merger, against any competing acquisition proposal, refrain from transferring their shares (subject to exceptions), and not assert appraisal rights, until the agreements terminate under specified conditions.

Insights

M&A and shareholder-rights analyst

Large TruBridge holders lock in support for the IKS buyout.

The filing shows L6 Holdings and Pinetree Capital collectively controlling a meaningful stake in TruBridge and contractually committing those shares to support the merger with the IKS parent entity. Their Voting and Support Agreements cover both voting behavior and transfer restrictions.

By agreeing to vote for the merger, against any competing acquisition proposal and to forgo appraisal rights, these investors reduce uncertainty around the required shareholder approval. However, overall impact still depends on other shareholders and on completion of the merger under the terms described in TruBridge’s Form 8-K.

Key Figures

L6 Holdings stake: 2,130,000 shares (14.3%) Pinetree Capital stake: 850,000 shares (5.7%) Event date: April 23, 2026 +2 more

5 metrics

L6 Holdings stake 2,130,000 shares (14.3%) Beneficial ownership of TruBridge common stock

Pinetree Capital stake 850,000 shares (5.7%) Beneficial ownership of TruBridge common stock

Event date April 23, 2026 Date of event requiring the amended Schedule 13D

Voting commitment Vote in favor of merger Obligation under Voting and Support Agreements

Transfer restriction No transfers during agreement term Applies to reporting persons’ TruBridge shares, with exceptions

Key Terms

Agreement and Plan of Merger, Voting and Support Agreement, Acquisition Proposal, Requisite Company Vote, +2 more

6 terms

Agreement and Plan of Merger regulatory

"the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement")"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

Voting and Support Agreement regulatory

"entered into separate voting and support agreements (each, a "Voting and Support Agreement")"

A voting and support agreement is a contract in which certain shareholders promise to vote their shares a specific way and back particular corporate actions, such as a sale, merger, or management proposal. It matters to investors because it creates predictability about the outcome of important votes—similar to a small group agreeing in advance to vote the same way—so it can lock in control, affect deal certainty and influence a stock’s market reaction.

Acquisition Proposal regulatory

"against any Acquisition Proposal (as defined in the Merger Agreement)"

A written offer from one company or investor to buy another company or its assets, outlining price, how the purchase would be funded, and key terms; think of it like a formal offer to buy a house. It matters to investors because the proposal can change share prices, alter ownership, affect future profits or debt levels, and may trigger votes, regulatory reviews, or competing bids that reshape the company’s value and strategy.

Requisite Company Vote regulatory

"the receipt of the Requisite Company Vote (as defined in the Merger Agreement)"

Outside Date regulatory

"the Outside Date (as defined in the Merger Agreement)"

An outside date is the final contractual deadline by which a planned deal—such as a merger, acquisition, or financing—must be completed; if the transaction hasn’t closed by that date, parties typically gain the right to walk away or trigger agreed remedies. It matters to investors because it sets a clear timetable for when uncertainty should end, and approaching or missing the outside date can raise the chance of deal failure, renegotiation, or changes to valuation.

Change of Recommendation regulatory

"a Change of Recommendation (as defined in the Merger Agreement) effected by the Issuer's Board"

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Accepted by SEC EDGAR 04/24/2026 - 04:15 PM Learn about SEC filing dates

FAQ

What ownership stakes in TruBridge (TBRG) do L6 Holdings and Pinetree Capital report?

L6 Holdings reports beneficial ownership of 2,130,000 TruBridge shares, representing 14.3% of the common stock. Pinetree Capital reports 850,000 shares, or 5.7% of the class, giving them a combined significant minority position in the company.

What merger involving TruBridge (TBRG) is described in this Schedule 13D/A?

TruBridge entered an Agreement and Plan of Merger with Inventurus Knowledge Solutions, Inc., IKS Next Horizon, Inc., and an affiliated Indian company. IKS Next Horizon will merge with TruBridge, leaving TruBridge as the surviving corporation and a wholly owned subsidiary of the Inventurus parent entity.

How did L6 Holdings and Pinetree Capital agree to vote their TruBridge (TBRG) shares?

Under Voting and Support Agreements, they agreed to vote their TruBridge shares in favor of the merger, the adoption of the Merger Agreement, related actions, and any adjournment needed, and to vote against any Acquisition Proposal, as defined in the Merger Agreement.

Are L6 Holdings and Pinetree Capital restricted from selling TruBridge (TBRG) shares?

They agreed not to transfer, sell, pledge, encumber, or otherwise dispose of their TruBridge shares during the term of the Voting and Support Agreements, subject to specified exceptions. These restrictions are designed to keep their voting commitments intact until the agreements terminate.

Do L6 Holdings and Pinetree Capital retain appraisal rights in the TruBridge (TBRG) merger?

They agreed not to assert any appraisal rights with respect to the merger. By waiving appraisal rights, they commit to accept the merger consideration as set in the Merger Agreement rather than seeking a judicial determination of fair value for their shares.

When do the TruBridge (TBRG) Voting and Support Agreements terminate?

Termination occurs upon the earliest of several events, including the Effective Time of the merger, valid termination of the Merger Agreement, mutual written agreement, a Change of Recommendation, certain adverse amendments to the Merger Agreement, receipt of the Requisite Company Vote, or the Outside Date defined in the Merger Agreement.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 10)

TruBridge, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

205306103

(CUSIP Number)

Damien Leonard
L6 Holdings Inc. / Pinetree Capital Ltd., 49 Leuty Ave.
Toronto, A6, M4E 2R2
416-941-9600

Andrew Freedman & Ian Engoron
Olshan Frome Wolosky LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

04/23/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 205306103

1

Name of reporting person

L6 Holdings Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,130,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,130,000.00

11

Aggregate amount beneficially owned by each reporting person

2,130,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.3 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 205306103

1

Name of reporting person

Pinetree Capital Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 850,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 850,000.00

11

Aggregate amount beneficially owned by each reporting person

850,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.001 per share
(b)	Name of Issuer: TruBridge, Inc.
(c)	Address of Issuer's Principal Executive Offices: 54 ST. EMANUEL STREET, MOBILE, ALABAMA , 36602.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended to add the following: On April 23, 2026, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Inventurus Knowledge Solutions, Inc., a Delaware corporation ("Parent"), IKS Next Horizon, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), and solely for certain limited purposes as specified therein, Inventurus Knowledge Solutions Limited, an Indian public limited company. Pursuant to the Merger Agreement, and upon the terms and subject to the conditions thereof, Merger Sub will be merged with and into the Issuer (the "Merger"), with the Issuer continuing as the surviving corporation in the Merger and becoming a wholly owned subsidiary of Parent, as more fully described in the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on April 23, 2026. Concurrently with the execution of the Merger Agreement, the Reporting Persons, in their capacities as shareholders of the Issuer, and certain other parties entered into separate voting and support agreements (each, a "Voting and Support Agreement"). Under the terms of the Voting and Support Agreement, the Reporting Persons have agreed to, among other things, vote their shares of capital stock of the Issuer: (i) in favor of (a) the Merger and the adoption of the Merger Agreement, (b) each of the other actions contemplated by the Merger Agreement, and (c) the adjournment of any meeting of the Issuer's stockholders in accordance with the Merger Agreement and (ii) against any Acquisition Proposal (as defined in the Merger Agreement). In addition, the Reporting Persons have irrevocably appointed the Issuer and its designees as proxy to vote the Reporting Persons' shares in favor of such matters if the Reporting Persons have not already so voted by two business days prior to the applicable meeting. Further, the Reporting Persons agreed not to transfer, sell, pledge, encumber or otherwise dispose of any of their shares during the term of the Voting and Support Agreement, subject to certain exceptions, and agreed not to assert any appraisal rights with respect to the Merger. The Voting and Support Agreement will terminate upon the earliest to occur of (i) the Effective Time (as defined in the Merger Agreement), (ii) the valid termination of the Merger Agreement in accordance with its terms, (iii) with the prior written consent of Parent, the mutual written agreement of the parties to the Voting and Support Agreement, (iv) a Change of Recommendation (as defined in the Merger Agreement) effected by the Issuer's Board in accordance with the Merger Agreement, (v) any amendment to, or modification or waiver of any provision of, the Merger Agreement that (a) decreases the amount or changes the form of the merger consideration payable to the stockholders of the Issuer or (b) amends any other term or condition of the Merger Agreement in a manner that is materially adverse to the Reporting Persons' rights under the Merger Agreement, (vi) the receipt of the Requisite Company Vote (as defined in the Merger Agreement), or (vii) the Outside Date (as defined in the Merger Agreement). The foregoing description of the Voting and Support Agreement is not complete and is qualified in its entirety by reference to the full text of the Voting and Support Agreement, which is attached hereto as Exhibit 99.1.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 is hereby amended to add the following: On April 23, 2026, the Reporting Persons and the Issuer entered into the Voting and Support Agreement as defined and described in Item 4 above.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: 99.1 - Voting and Support Agreement, dated as of April 23, 2026, by and between the Reporting Persons and the Issuer (incorporated by reference to Exhibit 10.1 to the Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on April 23, 2026).

SIGNATURE

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.

L6 Holdings Inc.

Signature:	/s/ Damien Leonard
Name/Title:	Damien Leonard, Managing Director
Date:	04/24/2026

Pinetree Capital Ltd.

Signature:	/s/ Damien Leonard
Name/Title:	Damien Leonard, President
Date:	04/24/2026