SCHEDULE 13D/A: Voss Capital Significantly Increases Stake in International Money Express to 6.9%
Beneficial Ownership Update
Voss Capital, LP and its affiliates have significantly increased their beneficial ownership in International Money Express, Inc., now holding an aggregate of 6.9% of the common stock.
Summary
- Voss Capital, LP and its affiliated funds (Voss Value Master Fund, Voss Value-Oriented Special Situations Fund) and managed accounts have increased their beneficial ownership in International Money Express, Inc.
- Their aggregate beneficial ownership now stands at 2,157,951 shares, representing approximately 6.9% of the Issuer's common stock.
- The total shares outstanding for International Money Express, Inc. are 31,098,659 as of November 4, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed on November 8, 2024.
- The shares were acquired through open market transactions using working capital, which may include margin loans.
- Voss Value Master Fund purchased 516,852 shares for an aggregate price of approximately $9,825,930, including brokerage commissions.
- Voss Value-Oriented Special Situations Fund purchased 100,000 shares for an aggregate price of approximately $1,940,053, including brokerage commissions.
- Voss Managed Accounts hold 1,541,099 shares, acquired for an aggregate price of approximately $29,511,743, including brokerage commissions.
- Recent purchases by Voss Value Master Fund and Voss Capital (through managed accounts) occurred between January 22, 2025, and February 21, 2025, with prices ranging from $17.8800 to $19.9048 per share.
Sentiment
Score: 7
Explanation: The increased stake by an investment firm suggests a positive view on the company's valuation or future prospects, indicating confidence from a sophisticated investor. However, the document itself is purely factual and does not contain explicit positive or negative statements about the issuer's performance.
Positives
- The increased stake by an investment firm like Voss Capital indicates a strong conviction and potential confidence in the company's valuation or future prospects.
- Voss Capital and its affiliates have made a substantial investment totaling over $41 million in International Money Express, Inc. shares.
Risks
- The shares purchased by Voss Capital and its affiliates were acquired with working capital, which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The increased ownership by Voss Capital could be seen positively as it signals a significant investor's confidence, potentially leading to increased share price stability or upward movement.
Key Dates
| Date | Description |
|---|---|
| 2024-11-04 | Total number of shares outstanding (31,098,659) reported by the Issuer. |
| 2024-11-08 | Issuer's Quarterly Report on Form 10-Q filed with the SEC. |
| 2025-01-22 | Earliest reported purchase of Common Stock by Voss Capital (through Separately Managed Accounts) at $19.9048 per share. |
| 2025-01-23 | Purchases of Common Stock by Voss Capital (through Separately Managed Accounts) at $19.4158 and $19.4551 per share. |
| 2025-01-28 | Purchase of Common Stock by Voss Capital (through Separately Managed Accounts) at $19.3982 per share. |
| 2025-02-03 | Purchases of Common Stock by Voss Capital (through Separately Managed Accounts) at $18.4350 and $18.7815 per share. |
| 2025-02-04 | Date of event which requires filing of this statement; Purchases of Common Stock by Voss Capital (through Separately Managed Accounts) at $18.8945 and $18.9513 per share. |
| 2025-02-07 | Purchase of Common Stock by Voss Capital (through Separately Managed Accounts) at $18.2000 per share. |
| 2025-02-19 | Purchases of Common Stock by Voss Capital (through Separately Managed Accounts) at $18.1850 and $18.3377 per share. |
| 2025-02-21 | Purchases of Common Stock by Voss Value Master Fund at $17.9371 per share; Purchase of Common Stock by Voss Capital (through Separately Managed Accounts) at $17.8800 per share. |
| 2024-02-21 | Signature date of the Schedule 13D Amendment No. 1 filing by Travis W. Cocke on behalf of reporting persons. (Note: This date appears to be a typo in the original document, as other dates are in 2025). |
Keywords
International Money Express, IMEX, Voss Capital, Schedule 13D, beneficial ownership, equity stake, investment, financial services, money transfer
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