other material
confidence high
sentiment neutral
materiality 0.60
International Money Express repurchases 1.17M shares from stockholder for ~$27.6M
International Money Express, Inc.
- Repurchase of 1,172,485 shares from SPC Intermex, LP at $23.50/share, total ~$27.6M.
- Price represents a 6.41% discount to last reported sale price of $25.11 on Aug 9, 2022; funded from cash on hand.
- Seller owned ~8.4% of outstanding common stock pre-repurchase; two directors affiliated with seller.
- Transaction approved by disinterested board members and Audit Committee.