secwatch.observer — SEC 8-K summary
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Issuer:     International Money Express, Inc. (IMXI)
CIK:        0001683695
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001140361-23-023307
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683695/000114036123023307/0001140361-23-023307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683695/000114036123023307/brhc20052586_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-023307

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