Voss group discloses over 10% Flywire (FLYW) stake in Form 3 filing

Rhea-AI Filing Summary

Flywire Corp (FLYW) received an initial ownership report from Voss-affiliated investment entities that together are part of a group holding over 10% of Flywire’s common stock. The filing lists indirect holdings of voting common stock, including 2,275,000 shares held by Voss Value Master Fund, LP, 375,000 shares held by Voss Value-Oriented Special Situations Fund, LP, and 9,443,888 shares held in managed accounts of Voss Capital, LP. These positions are reported as indirect beneficial ownership through funds and managed accounts rather than direct holdings by any individual. The reporting parties state that each of them disclaims beneficial ownership of the securities except to the extent of their pecuniary interest.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Voss Capital, LP

(Last) (First) (Middle)

3773 RICHMOND AVENUE, SUITE 850

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/30/2025

3. Issuer Name and Ticker or Trading Symbol
Flywire Corp [ FLYW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Voting common stock, $0.0001 par value per share(1)	2,275,000	I	By: Voss Value Master Fund, LP(2)
Voting common stock, $0.0001 par value per share(1)	375,000	I	By: Voss Value-Oriented Special Situations Fund, LP(3)
Voting common stock, $0.0001 par value per share(1)	9,443,888	I	By: Managed Accounts of Voss Capital, LP(4)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Voss Capital, LP

(Last) (First) (Middle)

3773 RICHMOND AVENUE, SUITE 850

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Voss Value Master Fund, LP

(Last) (First) (Middle)

3773 RICHMOND AVENUE, SUITE 850

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Voss Value-Oriented Special Situations Fund, LP

(Last) (First) (Middle)

3773 RICHMOND AVENUE, SUITE 850

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Voss Advisors GP, LLC

(Last) (First) (Middle)

3773 RICHMOND AVENUE, SUITE 850

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Cocke Travis W.

(Last) (First) (Middle)

3773 RICHMOND AVENUE, SUITE 850

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. This Form 3 is filed jointly by Voss Value Master Fund, LP ("Voss Value Master Fund"), Voss Value-Oriented Special Situations Fund, LP ("Voss Value-Oriented Special Situations Fund"), Voss Advisors GP, LLC ("Voss GP"), Voss Capital, LP ("Voss Capital") and Travis W. Cocke (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

2. Securities owned directly by Voss Value Master Fund. Voss GP, as the general partner of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Voss Capital, as the investment manager of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund.

3. Securities owned directly by Voss Value-Oriented Special Situations Fund. Voss GP, as the general partner of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Voss Capital, as the investment manager of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund.

4. Securities held in certain accounts separately managed by Voss Capital (the "Voss Managed Accounts"). Voss Capital, as the investment manager of the Voss Managed Accounts, may be deemed to beneficially own the securities held in the Voss Managed Accounts. Mr. Cocke, as the managing member of Voss Capital, may be deemed to beneficially own the securities held in the Voss Managed Accounts.

	Voss Capital, LP; By: /s/ Travis W. Cocke, Managing Member	01/07/2026
	Voss Value Master Fund, LP; By: Voss Advisors GP, LLC; By: /s/ Travis W. Cocke, Managing Member	01/07/2026
	Voss Value-Oriented Special Situations Fund, LP; By: Voss Advisors GP, LLC; By: /s/ Travis W. Cocke, Managing Member	01/07/2026
	Voss Advisors GP, LLC; By: /s/ Travis W. Cocke, Managing Member	01/07/2026
	/s/ Travis W. Cocke	01/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What does the Form 3 filing for Flywire (FLYW) show about Voss’s position?

The Form 3 shows that Voss-affiliated entities are part of a group that collectively beneficially owns over 10% of Flywire’s outstanding common stock, reported as indirect holdings through funds and managed accounts.

How many Flywire (FLYW) shares are held by Voss Value Master Fund, LP?

Voss Value Master Fund, LP indirectly holds 2,275,000 shares of Flywire voting common stock, as reported in the Form 3.

How many Flywire (FLYW) shares are held by Voss Value-Oriented Special Situations Fund, LP?

Voss Value-Oriented Special Situations Fund, LP indirectly holds 375,000 shares of Flywire voting common stock, according to the filing.

What Flywire (FLYW) holdings are reported for managed accounts of Voss Capital, LP?

Managed accounts of Voss Capital, LP are reported as indirectly holding 9,443,888 shares of Flywire voting common stock.

Is this Flywire (FLYW) Form 3 reporting a trade or just existing ownership?

The Form 3 reports existing beneficial ownership positions in Flywire common stock; it does not report a new purchase or sale transaction.

Do the Voss reporting persons claim full beneficial ownership of the Flywire (FLYW) shares?

The reporting persons state that each disclaims beneficial ownership of the securities except to the extent of his or its pecuniary interest.