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 (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.
International Money Express (NASDAQ: IMXI) announced a correction to its Q2 2020 earnings presentation, specifically on slide 5, addressing an immaterial error regarding online customer and transaction growth. This revision does not affect any other data, ensuring the integrity of the remaining information. Stakeholders can access the updated presentation on the company’s website. For further inquiries, Mike Gallentine, VP of Investor Relations, is available for contact.
International Money Express (NASDAQ: IMXI) is set to release its Second Quarter 2020 earnings after market close on August 4, 2020. A conference call will follow at 5:00 PM ET to discuss financial results and strategy. Participants can join by dialing specified numbers or accessing the webcast through their investor relations page. The earnings announcement will be crucial for investors, as it offers insights into the company's performance in money transfer services across Latin America and the Caribbean, alongside emerging markets like Africa.
International Money Express (NASDAQ: IMXI) announced a change in the location of its 2020 Annual Meeting of Stockholders due to the COVID-19 pandemic. The meeting is now scheduled to be held at The Biltmore Hotel in Coral Gables, FL on June 26, 2020, at 11:00 a.m. ET. Stockholders of record as of May 5, 2020, are encouraged to read the proxy materials and vote in advance. The proxy card will not be updated for the new location, but previously submitted votes remain valid unless changed.