International Money Express, Inc. files regulatory reports that document its remittance business, material events, operating results, governance matters and capital-structure disclosures. Its filings include Form 8-K reports for financial results, material agreements, shareholder voting matters and executive or governance changes.
For this cross-border payments issuer, formal disclosures connect reported performance to wire transfer and money order fees, digital channels, payout network relationships and business-to-business transfer infrastructure. The filing record also documents risk factors, regulatory matters tied to money transmission, corporate governance and exhibits supporting announced material events.
International Money Express (IMXI) reported lower revenues and profits in the periods ended June 30, 2025 compared with 2024 while showing a stronger cash position and a material corporate development. Total revenue for the three months was $161.1 million versus $171.5 million a year earlier, and net income was $11.0 million (basic EPS $0.37) compared with $14.0 million (EPS $0.43) in the prior year. For the six months, revenue was $305.4 million and net income $18.8 million (EPS $0.62), down from $321.9 million and $26.1 million (EPS $0.79), primarily reflecting lower wire transfer fees and slightly lower operating income.
On the balance sheet, cash and cash equivalents increased to $174.7 million and total assets rose to $518.0 million. Revolving credit borrowings were $144.1 million and total stockholders’ equity was $142.3 million. The Company repurchased 1.35 million shares for $16.3 million in the six months ended June 30, 2025 and had approximately $48.3 million available under its repurchase program. In a subsequent event disclosed in the filing, on August 10, 2025 IMXI entered into a Merger Agreement with The Western Union Company under which each share would be converted into the right to receive $16.00 per share in cash, subject to customary closing conditions and approvals.
International Money Express, Inc. furnished a press release announcing its financial results for the fiscal quarter ended June 30, 2025. The press release is included as Exhibit 99.1 and an Inline XBRL cover page is included as Exhibit 104. The filing states the press release is furnished and incorporated by reference.
The Company notes that the information in this Current Report, including Exhibit 99.1, is not deemed to be "filed" for purposes of the Exchange Act and is therefore not subject to Section 18 liability unless specifically referenced in a later filing. The report is signed on behalf of the registrant by Andras Bende, Chief Financial Officer.
International Money Express (IMXI) has entered into a definitive merger agreement to be acquired by The Western Union Company for $16.00 per share in cash, with each outstanding share converted into the right to receive that cash consideration at the closing. The transaction will result in IMXI becoming a wholly owned subsidiary of Western Union and IMXI common stock being delisted and deregistered.
The merger is subject to customary closing conditions including approval by IMXI stockholders, expiration or termination of the HSR waiting period, receipt of required governmental consents and clearances (including money transmitter license approvals), absence of final injunctive restraints and other customary conditions. The agreement provides specified termination rights and fees, including a $27.3 million payment to IMXI in certain Parent-terminates-for-antitrust scenarios and a $19.8 million termination fee payable by IMXI in specified circumstances.
Outstanding equity awards will generally be canceled at closing with holders entitled to receive the merger consideration (or the excess, if any, for options). The board adopted a retention bonus program that pays named executives specified cash amounts to encourage continuity through and after closing, with payments tied to closing timing or a defined retention date.
International Money Express (IMXI) Form 4: General Counsel Robert Pargac reported an administrative insider transaction dated 25 Jul 2025. The company withheld 580 common shares at $9.53 per share (≈ $5.5 k) to cover taxes on a restricted-stock-unit vesting (transaction code “F”). Following the withholding, Pargac now directly owns 18,445 IMXI shares; no derivative securities holdings were disclosed. Because the shares were not bought or sold on the open market, the filing is routine, leaves total insider exposure largely unchanged, and carries no explicit signalling about the company’s fundamentals.
Forager Capital Management, LLC, Forager Fund, L.P., and principals Edward Kissel and Robert MacArthur have filed Amendment No. 1 to Schedule 13G for International Money Express, Inc. (IMXI). The amendment corrects an inadvertent overstatement made in the original 13G filed on 10 July 2025. Instead of 194,600,174 shares previously reported, the reporting group actually beneficially owns 1,946,174 IMXI common shares, representing 6.5 % of the 29,976,651 shares outstanding as of 5 May 2025.
The filing clarifies voting and dispositive powers: the Fund and its General Partner hold sole voting and dispositive power over all 1.95 million shares, while Messrs. Kissel and MacArthur share these powers with the Fund but hold no sole authority. The amendment also supplies the joint-filing agreement and powers of attorney that were omitted from the original submission.
Key takeaways for investors:
- The Forager entities remain a >5 % holder, which can signal continuing institutional confidence.
- The true stake is materially smaller than previously disclosed, reducing perceived external ownership concentration.
- The filing is expressly passive (Rule 13d-1(c)/(d) certification), indicating no current intent to influence control.
Schedule 13G filing – International Money Express, Inc. (NASDAQ: IMXI)
Forager Capital Management, LLC, its affiliated investment vehicle Forager Fund, L.P., and principals Edward Kissel and Robert MacArthur have jointly disclosed beneficial ownership of 1,946,174 IMXI common shares, representing 6.5 % of the 29,976,651 shares outstanding as reported in the company’s 10-Q for the quarter ended 31 March 2025. The reportable event triggering the filing occurred on 3 April 2025 and the Schedule 13G was signed on 10 July 2025.
The filing is made under Rule 13d-1(c), indicating the investors are not registered institutional investors under Rule 13d-1(b) and are stating a passive intent rather than an activist position. Each reporting person affirms 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.”
• Sole voting & dispositive power: Forager Fund, L.P. and Forager Capital Management, LLC hold sole power over the full 1,946,174 shares.
• Shared voting & dispositive power: Messrs. Kissel and MacArthur share voting and dispositive power over the same block.
• No other persons are known to have economic interest in excess of 5 % on their behalf, and no group dissolution or subsidiary disclosure is applicable.
The disclosure signals that Forager has accumulated a meaningful but non-controlling stake in IMXI, potentially reflecting confidence in the company’s outlook while avoiding an activist stance. No financial results, strategic transactions, or changes to corporate governance are announced in this filing.