SCHEDULE: Forager Capital Management Amends SEC Filing, Correcting International Money Express Stake to 6.5%

Forager Capital Management, LLC and affiliated entities filed an amended Schedule 13G to correct an overstatement, confirming their beneficial ownership of 1,946,174 shares, or 6.5%, of International Money Express, Inc. common stock.

Summary

• An Amendment No. 1 to Schedule 13G was filed by Forager Capital Management, LLC, Forager Fund, L.P., Edward Kissel, and Robert MacArthur (collectively, the "Reporting Persons") regarding their beneficial ownership in International Money Express, Inc.
• The amendment corrects an inadvertent overstatement in the original Schedule 13G filed on July 10, 2025, which mistakenly reported Forager Capital Management, LLC as having sole voting and dispositive power over, and beneficially owning, 194,600,174 shares.
• The corrected aggregate beneficial ownership for the Reporting Persons is 1,946,174 shares of International Money Express, Inc. Common Stock.
• This corrected amount represents 6.5% of the class, based on a total of 29,976,651 shares of Common Stock issued and outstanding as of May 5, 2025, as reported in the Issuer's quarterly report on Form 10-Q.
• The amendment also includes the Joint Filing Agreement, dated July 10, 2025, which was inadvertently excluded from the original filing.

Sentiment

Score: 6

Explanation: The filing corrects a significant error in a previous ownership disclosure, which is a positive step for data accuracy and transparency, though the initial error itself was a minor negative.

Positives

• The filing demonstrates regulatory compliance and transparency by promptly correcting a significant error in a previous ownership disclosure.
• Provides accurate and clarified information regarding the beneficial ownership stake, reducing potential market confusion.

Negatives

• The initial filing contained a substantial overstatement of shares, which could have led to temporary misinterpretations of ownership.

Future Outlook

No forward-looking statements or guidance are provided regarding the company's future operations or financial performance. The filing is solely an amendment to an ownership disclosure.

Management Comments

• The Reporting Persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

This filing is a standard regulatory ownership disclosure and does not provide specific industry context or trends for International Money Express, Inc. beyond detailing an investment firm's stake.

Comparison to Industry Standards

• This document is a regulatory filing about beneficial ownership and does not contain information suitable for comparison to industry performance benchmarks, specific comparable companies, projects, or results.

Stakeholder Impact

• Shareholders: Provides accurate information regarding a significant beneficial ownership stake, improving market transparency and reliability of public data.

Key Dates

Keywords

International Money Express, IMEX, Forager Capital Management, Forager Fund, Edward Kissel, Robert MacArthur, Schedule 13G, beneficial ownership, common stock, SEC filing, ownership disclosure, financial services, money transfer