SCHEDULE: Voss Capital Boosts Flywire Stake to 10.25%

Voss Capital and its affiliates have disclosed a combined beneficial ownership of 10.25% in Flywire Corp's voting common stock.

Summary

• Voss Capital, LP, along with its affiliates Voss Value Master Fund, LP, Voss Value-Oriented Special Situations Fund, LP, Voss Advisors GP, LLC, and Travis W. Cocke, collectively reported beneficial ownership of Flywire Corp.
• Voss Capital, LP and Travis W. Cocke each beneficially own an aggregate of 12,320,000 shares, representing 10.25% of Flywire Corp's outstanding voting common stock.
• Voss Value Master Fund, LP beneficially owns 2,275,000 shares, or 1.89% of the class.
• Voss Value-Oriented Special Situations Fund, LP beneficially owns 375,000 shares, or 0.31% of the class.
• Voss Advisors GP, LLC beneficially owns 2,650,000 shares, or 2.20% of the class.
• The aggregate percentage is based on 120,253,612 shares outstanding as of October 31, 2025, as disclosed in Flywire Corp's Form 10-Q filed on November 10, 2025.
• The reporting persons certified that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, except for activities related to a nomination under Rule 14a-11.

Sentiment

Score: 7

Explanation: The filing indicates a significant and active institutional investment by Voss Capital, holding over 10% of the company. This suggests a strong belief in the company's value or future prospects by a sophisticated investor, which is generally a positive signal for other stakeholders. The certification also notes potential activities related to a nomination under Rule 14a-11, which could imply an active, but not necessarily hostile, engagement with management.

Positives

• Significant institutional investment by Voss Capital and its affiliates, indicating confidence in Flywire Corp's long-term prospects.
• Voss Capital's aggregate beneficial ownership of 10.25% suggests a substantial, long-term interest in the company.

Future Outlook

NA

Industry Context

This filing indicates a significant stake taken by an investment firm in Flywire Corp, a company operating in the payments and financial technology sector. Such institutional interest can signal perceived value or strategic potential within the industry, potentially drawing further attention to Flywire and its peers.

Stakeholder Impact

• Shareholders: Increased institutional ownership by a firm like Voss Capital could be viewed positively, potentially signaling confidence in the company's valuation and future performance. It may also lead to increased scrutiny or advocacy for shareholder value.
• Management: The certification mentioning activities solely in connection with a nomination under Rule 14a-11 suggests that Voss Capital may seek to influence corporate governance or strategic direction, potentially through board representation.

Key Dates

Keywords

Flywire Corp, Voss Capital, Beneficial Ownership, Schedule 13G, Institutional Investor, Voting Common Stock, Equity Stake, Investment Management