Welcome to our dedicated page for International Mny Express news (Ticker: IMXI), a resource for investors and traders seeking the latest updates and insights on International Mny Express stock.
International Money Express, Inc. provides omnichannel money remittance services focused on corridors from the United States and Canada to Latin America, the Caribbean and other international markets. Company news commonly covers digital money-transfer partnerships, payout-network expansion, wire transfer services, money order activity and technology used to support branded and business-to-business remittance programs.
Recurring developments include alliances with banks, fintechs and money service businesses, digital account-to-account receiving options, payroll card features, mobile and web remittance tools, and expansion of Intermex transfer infrastructure into additional corridors such as Canada, the Dominican Republic, Guatemala and Africa.
International Money Express, Inc. (NASDAQ: IMXI) will announce its Third Quarter 2020 earnings on November 4, 2020, before market opening. A conference call will follow at 8:30 AM ET to discuss the results and company strategy. Investors can participate via phone or webcast, with details available on their investor relations page. An audio replay will be accessible from November 4 until November 18, 2020. Established in 1994 and headquartered in Miami, International Money Express facilitates money transfers to 17 Latin American and Caribbean countries and offers digital services through its app.
International Money Express, Inc. (NASDAQ: IMXI) has appointed Laura Maydón to its Board of Directors, effective October 15, 2020. Chairman and CEO Bob Lisy emphasized her extensive experience in the financial services sector, particularly in Latin America and the Caribbean, as a significant asset for the company's ongoing expansion. Maydón previously served as Managing Director and CEO for Endeavor Miami and held senior roles at Visa. Her expertise is expected to enhance Intermex's strategies to better serve its customer base and maintain its market position as a leading remittance provider.
International Money Express (NASDAQ: IMXI) announced a secondary public offering of 4,925,000 shares at $13.50 per share, set to close around October 5, 2020. The offering is entirely by affiliates of Stella Point Capital and other stockholders, who will receive all proceeds. Additionally, underwriters have a 30-day option to purchase up to 738,750 additional shares. Credit Suisse leads the offering, which is registered under the SEC and made through a prospectus supplement.
International Money Express (NASDAQ: IMXI) has announced a public offering of 4,925,000 shares of its common stock by certain stockholders, with an option to purchase an additional 738,750 shares. The offering is entirely secondary, and proceeds will go to the selling stockholders. Credit Suisse is the lead book-running manager for the offering. The shares are being offered under an effective registration statement with the SEC. Prospective investors are encouraged to review the related documents to gain comprehensive insights into the offering.
International Money Express (NASDAQ: IMXI) announced that affiliates of Stella Point Capital intend to offer 4,925,000 shares of common stock in an underwritten public offering. The offering consists entirely of secondary shares with Selling Stockholders receiving all proceeds. Additionally, there is a 30-day option for underwriters to purchase an extra 738,750 shares. Credit Suisse acts as the lead book-running manager. The shares will be offered under a shelf registration statement declared effective by the SEC.
International Money Express, Inc. (NASDAQ: IMXI) announced a partnership with ArcTouch for the redesign of its mobile money transfer application. The collaboration aims to leverage ArcTouch’s expertise in mobile app development to enhance the app experience. COO Joseph Aguilar expressed enthusiasm about the investment, highlighting the company’s strong growth in agent-driven business and the future potential in digital applications. The initiative aligns with Intermex’s commitment to innovate and connect with its customers across various regions including Latin America and the Caribbean.
International Money Express (NASDAQ: IMXI) announced the appointment of Michael Purcell as lead independent director of the board, effective September 14, 2020. This role aims to enhance corporate governance and leadership. Purcell has been a board member since the 2018 merger. Additionally, board members Robert Jahn and Stephen Paul are retiring, completing a transition to a majority independent board. The new board committee structure will also reflect this independent status, aligning with Nasdaq requirements. Intermex operates in money remittance services primarily to Latin America and the Caribbean.
International Money Express (NASDAQ: IMXI) achieved a record 2,999,869 remittances in August 2020, marking a 13.4% increase compared to August 2019. This milestone reflects significant transaction growth to countries such as Mexico, Guatemala, and Honduras. CEO Bob Lisy highlighted the dedication of agent partners and employees in delivering these essential services, emphasizing Intermex's robust agent network and reliability during challenging times. Founded in 1994, Intermex provides money transfer services across the Americas and selected regions in Africa and Asia.
International Money Express (NASDAQ: IMXI) announced the resignation of Chief Financial Officer Tony Lauro, who will join BlockFi, Inc. Lauro will remain until November 13, 2020, to ensure a smooth transition. The company praised Lauro for his pivotal role during its 2018 merger and 2019 public offering, contributing to its financial growth. Michael Purcell, an independent director, will lead the search for a new CFO. International Money Express specializes in money remittance services, primarily from the U.S. to Latin America and the Caribbean.
International Money Express, Inc. (NASDAQ: IMXI) announced the appointment of Francisco Tejeda as Vice President of Digital, effective immediately. Reporting to COO Joseph Aguilar, Tejeda brings extensive experience in the money remittance sector, having previously led the US Outbound business for Western Union. His role will focus on enhancing the company's digital product offerings. Established in 1994, IMXI has a strong presence in the money transfer industry, servicing 17 countries in Latin America and the Caribbean, among other regions.