International Money Express Enters Material Definitive Agreement
Ticker: IMXI · Form: 8-K · Filed: Mar 12, 2024 · CIK: 1683695
Sentiment: neutral
Topics: material-agreement, 8-k
Related Tickers: IMXI
TL;DR
IMXI signed a big deal, details TBD.
AI Summary
International Money Express, Inc. (IMXI) announced on March 11, 2024, that it entered into a material definitive agreement. The filing does not disclose specific details of the agreement or any associated dollar amounts, but it is categorized under Item 1.01, which pertains to the entry into a material definitive agreement.
Why It Matters
This filing indicates a significant new contract or partnership for International Money Express, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its potential impact on the company.
Key Players & Entities
- International Money Express, Inc. (company) — Registrant
- IMXI (company) — Ticker Symbol
- Fintech Acquisition Corp. II (company) — Former Company Name
FAQ
What is the nature of the material definitive agreement entered into by International Money Express, Inc.?
The filing does not specify the nature of the material definitive agreement, only that one has been entered into as of March 11, 2024.
Are there any financial terms or dollar amounts associated with this agreement disclosed in the filing?
No, the filing does not disclose any specific dollar amounts or financial terms related to the material definitive agreement.
When was the material definitive agreement entered into?
The material definitive agreement was entered into on March 11, 2024.
What is the SEC filing form used by International Money Express, Inc. for this announcement?
The SEC filing form used is a Form 8-K.
What is the principal executive office address for International Money Express, Inc.?
The principal executive office address is 9100 South Dadeland Blvd., Ste. 1100, Miami, Florida 33156.
Filing Stats: 618 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-03-12 17:12:09
Key Financial Figures
- $0.0001 — ange on which registered Common stock ($0.0001 par value) IMXI The Nasdaq Capital Mark
- $19 — r share for the Share Repurchase equals $19.11, which represents a discount of 5.0%
- $3.3 million — a total purchase price of approximately $3.3 million . The Share Repurchase will be funded f
Filing Documents
- imxi-20240311.htm (8-K) — 31KB
- exhibit101-imxixboblisysha.htm (EX-10.1) — 70KB
- 0001683695-24-000067.txt ( ) — 234KB
- imxi-20240311.xsd (EX-101.SCH) — 2KB
- imxi-20240311_lab.xml (EX-101.LAB) — 21KB
- imxi-20240311_pre.xml (EX-101.PRE) — 12KB
- imxi-20240311_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On March 11, 2024, International Money Express, Inc. (the " Company ") entered into a share repurchase agreement (the " Share Repurchase Agreement ") with Robert W. Lisy (the " Stockholder "), the Company's Chief Executive Officer, President and Chairman of the Board of Directors (the "Board"), for the purchase of 175,000 shares of the Company's common stock, par value $0.0001 per share (the " Common Stock "), in a privately-negotiated transaction (the " Share Repurchase "). The price per share for the Share Repurchase equals $19.11, which represents a discount of 5.0% from the last reported sale price as reported on the Nasdaq Stock Market of the Company's Common Stock on March 11, 2024, for a total purchase price of approximately $3.3 million . The Share Repurchase will be funded from the Company's cash on hand. The Share Repurchase Agreement contains customary representations and warranties of the Company and the Stockholder. The Share Repurchase represents a part of the Stockholder's financial planning to diversify his investments. The Share Repurchase and the Share Repurchase Agreement were approved by the Audit Committee of the Board, pursuant to authority delegated by the Board. The foregoing description is qualified in its entirety by reference to the full text of the Share Repurchase Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 * Share Repurchase Agreement, dated March 11, 2024, between International Money Express, Inc. and Robert W. Lisy 104* Cover Page Interactive Data File (embedded within the Inline XBRL document) *Filed herewith SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTERNATIONAL MONEY EXPRESS, INC. Dated: March 12, 2024 By: /s/ Andras Bende Name: Andras Bende Title: Chief Financial Officer