IMXI repurchases 500K shares for ~$12.6M from stockholder SPC Intermex at 4% discount

International Money Express, Inc.

Purchased 500,000 shares at $25.28/share, a 4% discount to the $26.33 closing price.
Total purchase price of ~$12.6 million funded from cash on hand.
Stockholder sold 27.7% of its 1,803,351 shares, which previously represented ~5% of IMXI outstanding.
Directors Adam Godfrey and Justin Wender are Managing Partners of Stella Point Capital, the seller's control entity.
Repurchase approved by the Audit Committee; shares to be retired.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

International Money Express, Inc. entered into Share Repurchase Agreement with SPC Intermex, LP valued at approximately $12.6 million (effective 2023-05-05).

Action: entry
Agreement: equity purchase
Counterparty: SPC Intermex, LP
Value: approximately $12.6 million
Effective: 2023-05-05

Exact text from the filing

On May 5, 2023, International Money Express, Inc. (the “ Company ”) entered into a share repurchase agreement (the “ Share Repurchase Agreement ”) with SPC Intermex, LP

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International Money Express, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-023307

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