IMXI buys back 100,000 shares from director-owned entity at $20.57/share (~$2M)

International Money Express, Inc.

Repurchased 100,000 shares from Latin-American Investment Holdings, Inc., owned by director John Rincon.
Price per share $20.57 (2% discount from prior close of $20.99); total ~$2M funded from cash on hand.
Prior to repurchase, stockholder beneficially owned 455,288 shares (~1.3% of outstanding).
Transaction approved by independent Audit Committee; Rincon recused from deliberations.

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 Latin-American Investment Holdings, Inc. valued at approximately $2 million (effective 2023-12-04).

Action: entry
Agreement: equity purchase
Counterparty: Latin-American Investment Holdings, Inc.
Value: approximately $2 million
Effective: 2023-12-04

Exact text from the filing

On December 4, 2023, International Money Express, Inc. (the “ Company ”) entered into a share repurchase agreement (the “ Share Repurchase Agreement ”) with Latin-American Investment Holdings, Inc., a Florida Profit Corporation (the “ Stockholder ”), for the purchase of 100,000 shares (the “ Shares ”) of the Company’s common stock, par value $0.0001 per share (the “ Common Stock ”), in a privately-negotiated transaction (the “ Share Repurchase ”).

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International Money Express, Inc. filing history →

Source: SEC EDGAR

accession 0001683695-23-000074

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