Voss Capital Discloses 5.3% Stake in IMXI, 1.56M Shares Bought

Voss Capital and related entities disclosed an aggregate 5.3% beneficial ownership in International Money Express, Inc. (IMXI).

Rhea-AI Filing Summary

Voss Capital and related entities disclosed an aggregate 5.3% beneficial ownership in International Money Express, Inc. (IMXI). The Schedule 13D/A shows Voss Capital, its managed accounts and affiliated funds together hold 1,564,251 shares of IMXI based on 29,684,054 shares outstanding as of August 6, 2025. Purchase totals reported: 100,000 shares by Voss Value Master Fund (~$1,770,713), 50,000 shares by Voss Value-Oriented Special Situations Fund (~$1,018,697) and 1,414,251 shares in Voss managed accounts (~$26,619,695), all bought with working capital in open market transactions. Voting and dispositive power is reported as primarily sole control by Voss entities and Travis W. Cocke.

Positive

• Disclosed material 5.3% beneficial ownership across Voss Capital and affiliated entities
• Detailed aggregate purchase prices for each reporting fund (total amounts provided)
• Clear reporting of voting and dispositive power, showing primary sole control by Voss entities and Travis W. Cocke
• Purchases made in open market using working capital, indicating ordinary-course acquisitions

Negative

• None.

Insights

Financial Analyst

TL;DR: Voss-affiliated investors now hold a disclosed 5.3% stake in IMXI, reported from open-market purchases with detailed aggregate costs.

The filing documents that Voss Capital and affiliated funds accumulated 1,564,251 shares, representing approximately 5.3% of IMXI's outstanding common stock. The disclosure includes aggregate purchase prices for the principal funds and clarifies voting and dispositive power, with Voss entities exercising sole control over the large majority of the position. This is a material Schedule 13D disclosure because it surpasses the 5% reporting threshold and signals an active, disclosed ownership position by an investment manager rather than a passive holder. The filing does not describe any plans or arrangements affecting corporate control.

Corporate Governance Specialist

TL;DR: A 5.3% beneficial position is material for governance monitoring but the filer reports no coordinated control actions.

The amendment clarifies beneficial ownership attribution among Voss Capital, its funds, Voss GP and Mr. Travis W. Cocke, with detailed sole and shared voting/dispositive power figures. For governance considerations, the key takeaway is that the filer has disclosed concentrated ownership and sole dispositive power for most shares, which could warrant attention from the company and other shareholders even though no specific intentions or proposals are stated. The filing attaches transaction details by exhibit reference but does not allege litigation, agreements to change management, or takeover arrangements.

FAQ

How many IMXI shares do Voss entities report owning?

The filing reports an aggregate of 1,564,251 shares beneficially owned by Voss-affiliated persons.

What percentage of IMXI does the Voss position represent?

The reported position represents approximately 5.3% of IMXI's 29,684,054 shares outstanding (as of August 6, 2025).

How were the IMXI shares acquired by the Voss funds?

The shares were purchased in open market transactions using working capital (which may include margin loans).

What aggregate amounts were paid by the Voss funds for their IMXI shares?

Aggregate purchase price reported: Voss Value Master Fund ~ $1,770,713 for 100,000 shares; Voss Value-Oriented Special Situations Fund ~ $1,018,697 for 50,000 shares; Voss Managed Accounts ~ $26,619,695 for 1,414,251 shares.

Does the filing state any plans to change IMXI's management or operations?

No. The filing discloses ownership and transactions but does not state any plans or arrangements

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/22/2025 - 08:28 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

International Money Express, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value

(Title of Class of Securities)

46005L101

(CUSIP Number)

VOSS CAPITAL, L.P.
3773 Richmond Avenue, Suite 850,
Houston, TX, 77046
281-770-0379

ANDREW FREEDMAN, ESQ.
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/20/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 46005L101

1

Name of reporting person

Voss Value Master Fund, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 100,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 100,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

100,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.3 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 46005L101

1

Name of reporting person

Voss Value-Oriented Special Situations Fund, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 50,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 50,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

50,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 46005L101

1

Name of reporting person

Voss Advisors GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 150,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 150,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

150,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.5 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 46005L101

1

Name of reporting person

Voss Capital, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,514,251.00
8	Shared Voting Power 50,000.00
9	Sole Dispositive Power 1,514,251.00
10	Shared Dispositive Power 50,000.00

11

Aggregate amount beneficially owned by each reporting person

1,564,251.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.3 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 46005L101

1

Name of reporting person

Cocke Travis W.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,514,251.00
8	Shared Voting Power 50,000.00
9	Sole Dispositive Power 1,514,251.00
10	Shared Dispositive Power 50,000.00

11

Aggregate amount beneficially owned by each reporting person

1,564,251.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.3 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.0001 par value
(b)	Name of Issuer: International Money Express, Inc.
(c)	Address of Issuer's Principal Executive Offices: 9100 SOUTH DADELAND BLVD, SUITE 1100, MIAMI, FLORIDA , 33156.
Item 1 Comment: The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned (the "Amendment No. 2"). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The Shares purchased by each of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund and the Voss Managed Accounts were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The aggregate purchase price of the 100,000 Shares beneficially owned directly by Voss Value Master Fund is approximately $1,770,713, including brokerage commissions. The aggregate purchase price of the 50,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund is approximately $1,018,697, including brokerage commissions. The aggregate purchase price of the 1,414,251 Shares held in the Voss Managed Accounts is approximately $26,619,695, including brokerage commissions.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 29,684,054 Shares outstanding, as of August 6, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 11, 2025. A. Voss Value Master Fund As of the date hereof, Voss Value Master Fund beneficially owned 100,000 Shares. Percentage: Approximately 0.3%. B. Voss Value-Oriented Special Situations Fund As of the date hereof, Voss Value-Oriented Special Situations Fund beneficially owned 50,000 Shares. Percentage: Approximately 0.2% C. Voss GP Voss GP, as the general partner of each of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund, may be deemed the beneficial owner of the (i) 100,000 Shares owned by Voss Value Master Fund and (ii) 50,000 Shares owned by Voss Value-Oriented Special Situations Fund. Percentage: Approximately 0.5% D. Voss Capital As of the date hereof, 1,414,251 Shares were held in the Voss Managed Accounts. Voss Capital, as the investment manager of each of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund and the Voss Managed Accounts, may be deemed the beneficial owner of the (i) 100,000 Shares beneficially owned by Voss Value Master Fund, (ii) 50,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 1,414,251 Shares held in the Voss Managed Accounts. Percentage: Approximately 5.3% E. Mr. Cocke Mr. Cocke, as the managing member of each of Voss Capital and Voss GP, may be deemed the beneficial owner of the (i) 100,000 Shares owned by Voss Value Master Fund, (ii) 50,000 Shares owned by Voss Value-Oriented Special Situations Fund and (iii) 1,414,251 Shares held in the Voss Managed Accounts. Percentage: Approximately 5.3%
(b)	Item 5(b) is hereby amended and restated to read as follows: A. Voss Value Master Fund 1. Sole power to vote or direct vote: 100,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 100,000 4. Shared power to dispose or direct the disposition: 0 B. Voss Value-Oriented Special Situations Fund 1. Sole power to vote or direct vote: 50,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 50,000 4. Shared power to dispose or direct the disposition: 0 C. Voss GP 1. Sole power to vote or direct vote: 150,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 150,000 4. Shared power to dispose or direct the disposition: 0 D. Voss Capital 1. Sole power to vote or direct vote: 1,514,251 2. Shared power to vote or direct vote: 50,000 3. Sole power to dispose or direct the disposition: 1,514,251 4. Shared power to dispose or direct the disposition: 50,000 E. Mr. Cocke 1. Sole power to vote or direct vote: 1,514,251 2. Shared power to vote or direct vote: 50,000 3. Sole power to dispose or direct the disposition: 1,514,251 4. Shared power to dispose or direct the disposition: 50,000
(c)	Item 5(c) is hereby amended and restated to read as follows: A. Voss Value Master Fund The transactions in the Shares by Voss Value Master Fund during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference. B. Voss Value-Oriented Special Situations Fund The transactions in the Shares by Voss Value-Oriented Special Situations Fund during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference. C. Voss GP Voss GP has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares by Voss Value Master Fund during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference. D. Voss Capital The transactions in the Shares by Voss Value Master Fund and Voss Capital through the Voss Managed Accounts during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference. E. Mr. Cocke Mr. Cocke has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares by Voss Value Master Fund and through the Voss Managed Accounts during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: 1 - Transactions in Securities.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Voss Value Master Fund, LP

Signature:	/s/ Travis W. Cocke
Name/Title:	Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner
Date:	08/22/2025

Voss Value-Oriented Special Situations Fund, LP

Signature:	/s/ Travis W. Cocke
Name/Title:	Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner
Date:	08/22/2025

Voss Advisors GP, LLC

Signature:	/s/ Travis W. Cocke
Name/Title:	Travis W. Cocke, Managing Member
Date:	08/22/2025

Voss Capital, LP

Signature:	/s/ Travis W. Cocke
Name/Title:	Travis W. Cocke, Managing Member
Date:	08/22/2025

Cocke Travis W.

Signature:	/s/ Travis W. Cocke
Name/Title:	Travis W. Cocke
Date:	08/22/2025