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TruBridge (TBRG) investor locks 7.5% stake to support Inventurus merger

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

TruBridge, Inc. received updated ownership and merger support disclosures from investor Ocho Investments LLC and director Andris Upitis. They report beneficial ownership of 1,118,554 shares of common stock, or 7.5% of the company, based on 14,906,825 shares outstanding as of March 26, 2026.

Upitis was granted 4,376 restricted shares on March 13, 2025 for board service, which vested after one year. On April 23, 2026, Ocho entered a Voting and Support Agreement requiring its 1,114,178 shares to be voted in favor of TruBridge’s planned merger with Inventurus Knowledge Solutions, and against competing acquisition proposals, while also granting TruBridge an irrevocable proxy and waiving appraisal rights on these shares.

Positive

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Negative

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Insights

7.5% holder formally supports TruBridge’s merger via voting agreement.

Ocho Investments LLC and Andris Upitis reaffirm a 7.5% beneficial stake in TruBridge, Inc., with 1,118,554 shares tied to this Schedule 13D/A. The amendment is driven mainly by governance developments rather than changes in economic exposure.

The key change is Ocho’s Voting and Support Agreement covering 1,114,178 shares. This grants TruBridge an irrevocable proxy to vote these shares for the merger with Inventurus Knowledge Solutions and against alternative deals, and includes an appraisal-rights waiver. Such support can help secure shareholder approval but does not, by itself, alter deal terms.

The agreement terminates upon specific events, including merger completion, termination of the Merger Agreement, a board recommendation change, or reaching the defined outside date. Future company filings around stockholder meetings and closing conditions will clarify whether this committed 7.5% block meaningfully affects the merger’s path to completion.

Ocho beneficial ownership 1,114,178 shares Common stock with shared voting and dispositive power
Total beneficial ownership (Upitis + Ocho) 1,118,554 shares Represents 7.5% of TruBridge common stock
Ownership percentage 7.5% Based on 14,906,825 shares outstanding as of March 26, 2026
Shares outstanding 14,906,825 shares Common stock outstanding as of March 26, 2026
Restricted stock grant to Upitis 4,376 shares Granted March 13, 2025 for board service; vested after one year
Voting block under agreement 1,114,178 shares Subject Shares committed to vote for merger in Voting and Support Agreement
Voting and Support Agreement regulatory
"On April 23, 2026, the Issuer and Ocho Investments LLC entered into 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.
Merger Agreement regulatory
"transactions contemplated by that certain Agreement and Plan of Merger, dated as of April 23, 2026"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
irrevocable proxy regulatory
"Ocho has agreed to, and has granted an irrevocable proxy to the Issuer with respect to the Subject Shares"
An irrevocable proxy is a legal authorization in which a shareholder gives another person or entity the permanent right to vote their shares and cannot later take that voting permission back. It matters to investors because it locks who controls voting power on key issues—like board elections, mergers, or major policy changes—so it can change corporate control and influence the value or direction of an investment much like handing someone an unchangeable voting card.
appraisal rights regulatory
"Ocho has also agreed (i) to irrevocably waive appraisal rights with respect to the Subject Shares in connection with the Merger"
A legal right that lets shareholders who dislike the price or terms of a buyout, merger or other major corporate change ask for an independent determination of the fair value of their shares instead of accepting the deal price. Think of it like asking a neutral referee to set the payout if you believe the offered price is too low. For investors, appraisal rights can provide a way to recover a higher cash value but can be slow, costly and create uncertainty around deal outcomes.
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.
Outside Date regulatory
"and (g) 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.





205306103

(CUSIP Number)
Andris Upitis
1401 Lavaca St, PMB 40912
Austin, TX, 78701
(801) 924-4131

(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






SCHEDULE 13D






SCHEDULE 13D


Ocho Investments LLC
Signature:/s/ Andris Upitis
Name/Title:Andris Upitis, Manager
Date:04/23/2026
Andris Upitis
Signature:/s/ Andris Upitis
Name/Title:Andris Upitis
Date:04/23/2026

FAQ

How many TruBridge (TBRG) shares do Ocho Investments and Andris Upitis report owning?

They report beneficial ownership of 1,118,554 TruBridge common shares, representing 7.5% of the company. This figure is based on 14,906,825 shares outstanding as of March 26, 2026, as disclosed in TruBridge’s most recent annual report.

What is the key change disclosed in TruBridge (TBRG) Schedule 13D/A Amendment No. 5?

The key change is Ocho Investments’ Voting and Support Agreement with TruBridge. Ocho agreed to vote its 1,114,178 shares in favor of the proposed merger with Inventurus Knowledge Solutions and against any competing acquisition proposals, under defined conditions and termination events.

How does the Voting and Support Agreement affect TruBridge’s (TBRG) merger vote?

The agreement commits Ocho to vote all subject shares for the merger and grants TruBridge an irrevocable proxy over those shares. This secures support from a 7.5% holder, helping TruBridge pursue shareholder approval for the merger on the agreed terms.

What restricted stock grant did Andris Upitis receive from TruBridge (TBRG)?

On March 13, 2025, Andris Upitis received 4,376 restricted shares of TruBridge common stock for his service on the board. These shares vested on the first anniversary of the grant date, and no additional cash consideration was paid for the award.

Under what conditions does the TruBridge–Ocho Voting and Support Agreement terminate?

The agreement ends upon events such as merger completion, valid termination of the Merger Agreement, a board recommendation change, specified adverse amendments to merger terms, stockholder adoption of the Merger Agreement, or reaching the defined Outside Date under the merger contract.

What percentage of TruBridge (TBRG) does Ocho Investments LLC alone control?

Ocho Investments LLC reports beneficial ownership and shared voting and dispositive power over 1,114,178 TruBridge shares. Using the company’s disclosed total of 14,906,825 shares outstanding, this stake corresponds to the majority of the reported 7.5% beneficial position.