IMXI repurchases 670k shares from SPC Intermex at $19.78 (4.8% discount) for ~$13.3M

International Money Express, Inc.

Company repurchased 670,403 common shares from SPC Intermex, LP in a privately-negotiated transaction.
Price per share $19.78, a 4.8% discount to the prior close of $20.78; total consideration ~$13.3M.
SPC Intermex is affiliated with directors Adam Godfrey and Justin Wender of Stella Point Capital.
Transaction approved by the Audit Committee; repurchase funded from cash on hand.
SPC Intermex ownership reduced from ~3.74% to ~1.82% of outstanding shares.

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 $13.3 million (effective 2023-12-12).

Action: entry
Agreement: equity purchase
Counterparty: SPC Intermex, LP
Value: approximately $13.3 million
Effective: 2023-12-12

Exact text from the filing

On December 12, 2023, International Money Express, Inc. (the “ Company ”) entered into a share repurchase agreement (the “ Share Repurchase Agreement ”) with SPC Intermex, LP, a Delaware limited partnership (the “ Stockholder ”), for the purchase of 670,403 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 0001683695-23-000076

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