Voss Capital Files SC 13D for International Money Express

TL;DR

**Voss Capital just updated its stake in IMX via a 13D filing. Watch this space.**

AI Summary

Voss Capital, LP, a Texas-based investment firm, has filed a Schedule 13D with the SEC on September 5, 2024, disclosing its beneficial ownership of International Money Express, Inc. (IMX). The filing indicates a change in reporting status, suggesting a potential shift in Voss Capital's investment strategy or stake in IMX. Voss Capital previously operated under the name Voss Capital, LLC.

Why It Matters

This filing signals a significant stakeholder's updated position in International Money Express, Inc., which could influence the company's stock performance and strategic decisions.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, introducing potential volatility.

Key Players & Entities

• Voss Capital, LP (company) — Filing entity
• International Money Express, Inc. (company) — Subject company
• Voss Capital, LLC (company) — Former name of filing entity
• Fintech Acquisition Corp. II (company) — Former name of subject company

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securiti
• $9,523,391 — Voss Value Master Fund is approximately $9,523,391, including brokerage commissions. The a
• $1,414,988 — pecial Situations Fund is approximately $1,414,988, including brokerage commissions. The a
• $24,240,536 — Voss Managed Accounts is approximately $24,240,536, including brokerage commissions. Item

Filing Documents

• sc13d10925imxi_09052024.htm (SC 13D) — 188KB
• ex991to13d10925imxi_090524.htm (EX-99.1) — 12KB
• 0000921895-24-002101.txt ( ) — 202KB

Security and Issuer

Item 1. Security and Issuer . This statement relates to the Common Stock, par value $0.0001 per share (the “Shares”), of International Money Express, Inc., a Delaware corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 9100 South Dadeland Blvd. Suite 1100, Miami, Florida 33156.

Identity and Background

Item 2. Identity and Background . (a) This (i) Voss Value Master Fund, L.P., a Cayman Islands limited partnership, (“Voss Value Master Fund”), with respect to the Shares directly and beneficially owned by it; (ii) Voss Value-Oriented Special Situations Fund, L.P., a Delaware limited partnership (“Voss Value-Oriented Special Situations Fund”), with respect to the Shares directly and beneficially owned by it; (iii) Voss Advisors GP, LLC, a Texas limited liability company (“Voss GP”), as the general partner of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund; (iv) Voss Capital, L.P., a Texas limited partnership (“Voss Capital”), as the investment manager of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund and certain separately managed accounts (the “Voss Managed Accounts”); and (v) Travis W. Cocke, as the managing member of Voss Capital and Voss GP. . Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D. (b) The address of the principal office of each of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund, Voss GP, Voss Capital and Mr. Cocke is 3773 Richmond Ave., Suite 500, Houston, Texas 77046. (c) The principal business of each of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund is investing in securities. The principal business of Voss GP is serving as the general partner of each of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund. The principal business of Voss Capital is serving as the investment manager of each of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund and the Voss Managed Accou

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration . The Shares purchased by each of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund and the Voss Managed Accounts were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The aggregate purchase price of the 500,000 Shares beneficially owned directly by Voss Value Master Fund is approximately $9,523,391, including brokerage commissions. The aggregate purchase price of the 75,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund is approximately $1,414,988, including brokerage commissions. The aggregate purchase price of the 1,263,438 Shares held in the Voss Managed Accounts is approximately $24,240,536, including brokerage commissions.

Purpose of Transaction

Item 4. Purpose of Transaction . The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions including through a trading plan created under Rule 10b5-1(c) or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. The Reporting Persons have engaged, and intend to continue to engage, in communications with the Issuer’s Board of Directors (the “Board”) and management team regarding ways to maximize shareholder value at the Issuer, including, but not limited to, a sale of the Issuer in a take private transaction. No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in additional communications with management and the Board of the Issuer, engaging

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . The aggregate percentage of Shares reported owned by each person named herein is based upon 32,607,832 Shares outstanding, as of August 2, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2024. A. Voss Value Master Fund (a) As of the close of business on September 5, 2024, Voss Value Master Fund beneficially owned 500,000 Shares. Percentage: Approximately 1.5% (b) 1. Sole power to vote or direct vote: 500,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 500,000 4. Shared power to dispose or direct the disposition: 0 (c) The transactions in the Shares by Voss Value Master Fund during the past sixty days are set forth in Schedule A and are incorporated herein by reference. B. Voss Value-Oriented Special Situations Fund (a) As of the close of business on September 5, 2024, Voss Value-Oriented Special Situations Fund beneficially owned 75,000 Shares. Percentage: Less than 1% (b) 1. Sole power to vote or direct vote: 75,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 75,000 4. Shared power to dispose or direct the disposition: 0 (c) The transactions in the Shares by Voss Value-Oriented Special Situations Fund during the past sixty days are set forth in Schedule A and are incorporated herein by reference. C. Voss GP (a) Voss GP, as the general partner of each of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund, may be deemed the beneficial owner of the (i) 500,000 Shares owned by Voss Value Master Fund and (ii) 75,000 Shares owned by Voss Value-Oriented Special Situations Fund. Percentage: Approximately 1.8% (b) 1. Sole power to vote or direct vote: 575,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposi

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer . On September 5, 2024, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits . 99.1 Joint Filing Agreement, dated September 5, 2023. 11 CUSIP No. 46005L101

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: September 5, 2024 VOSS VALUE MASTER FUND, L.P. By: Voss Advisors GP, LLC General Partner By: /s/ Travis W. Cocke Name: Travis W. Cocke Title: Managing Member VOSS VALUE-ORIENTED SPECIAL SITUATIONS FUND, L.P. By: Voss Advisors GP, LLC General Partner By: /s/ Travis W. Cocke Name: Travis W. Cocke Title: Managing Member VOSS ADVISORS GP, LLC By: /s/ Travis W. Cocke Name: Travis W. Cocke Title: Managing Member VOSS CAPITAL, L.P. By: /s/ Travis W. Cocke Name: Travis W. Cocke Title: Managing Member /s/ Travis W. Cocke Travis W. Cocke 12 CUSIP No. 46005L101 Schedule A Transactions in the Shares During the Past Sixty Days Nature of the Transaction Securities Purchased/(Sold) Price Per Share($) Date of Purchase / Sale VOSS VALUE MASTER FUND, LP Purchase of Common Stock 25,000 20.0549 07/15/2024 Sale of Common Stock (4,467) 22.2541 08/02/2024 Purchase of Common Stock 30,000 17.4863 08/07/2024 Purchase of Common Stock 2,500 16.7455 08/19/2024 Purchase of Common Stock 7,500 16.6586 08/20/2024 Purchase of Common Stock 1,676 16.5979 08/20/2024 Purchase of Common Stock 12,791 17.1379 08/21/2024 Purchase of Common Stock 25,000 18.1979 08/30/2024 VOSS VALUE-ORIENTED SPECIAL SITUATIONS FUND, LP Purchase of Common Stock 10,000 20.0850 07/12/2024 Purchase of Common Stock 5,000 16.8278 08/09/2024 VOSS CAPITAL, LP (Through Separately Managed Accounts) Purchase of Common Stock 25,000 20.0000 07/12/2014 Purchase of Common Stock 14,625 19.8000 07/12/2024 Sale of Common Stock (14,625) 22.0139 07/31/2024 Sale of Common Stock (15,907) 22.0451 08/02/2024 Purchase of Common Stock 15,907 19.1153 08/07/2024 Purchase of Common Stock 29,467 1

View Full Filing

View this SC 13D filing on SEC EDGAR