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[SCHEDULE 13D/A] International Money Express, Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary

Magnetar group disclosed an amendment to its Schedule 13D reporting a rise in its stake in International Money Express, Inc. (IMXI) to approximately 6.03%. The filing shows Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman collectively beneficially own 1,790,158 shares as of the close of business on September 9, 2025. The Schedule states these purchases—206,473 shares between August 29 and September 9, 2025—were made for various Magnetar funds and managed accounts in open-market transactions. The Reporting Persons state they reserve the right to buy or sell additional shares but currently have no plans that would trigger the specific actions listed in Item 4.

Positive
  • Disclosed accumulation to a material stake (6.03%) providing transparency to the market
  • Purchases were executed in the open market, indicating ordinary-course fund activity
  • Joint filing and power of attorney included as exhibits, showing coordinated and compliant disclosure
Negative
  • None.

Insights

TL;DR: Magnetar disclosed a meaningful passive accumulation to just over 6% of IMXI, signaling a sizable stake without announced control intentions.

The filing documents that Magnetar-affiliated entities increased holdings by 206,473 shares to 1,790,158 shares, representing 6.03% of outstanding stock based on the issuer's August 6, 2025 share count. Transactions occurred across multiple Magnetar funds and managed accounts in open market trades. The group explicitly reserves the right to trade further but disclaims any present plans to pursue actions enumerated in Item 4. For investors, a >5% disclosure typically draws attention because it can precede strategic engagement, though this filing describes only accumulation and routine fund activity.

TL;DR: A coordinated filing by related entities shows joint reporting and shared voting/dispositive power, but no present proposal to change governance.

The statement clarifies interrelationships: Magnetar Capital Partners is the parent of Magnetar Financial, Supernova Management is general partner, and Mr. Snyderman is the manager and CEO of Magnetar Financial. All Reporting Persons report shared voting and dispositive power over the 1,790,158 shares. The joint filing agreement and power of attorney are filed as exhibits, indicating coordinated disclosure processes. The filing affirms no contractual arrangements among Reporting Persons beyond the joint filing agreement and states no intent to pursue corporate actions at this time.






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






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Magnetar Financial LLC
Signature:/s/ Hayley Stein
Name/Title:Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
Date:09/11/2025
Magnetar Capital Partners LP
Signature:/s/ Hayley Stein
Name/Title:Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
Date:09/11/2025
Supernova Management LLC
Signature:/s/ Hayley Stein
Name/Title:Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Manager
Date:09/11/2025
David J. Snyderman
Signature:/s/ Hayley Stein
Name/Title:Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman
Date:09/11/2025
Comments accompanying signature:
MAGNETAR FINANCIAL LLC By: Magnetar Capital Partners LP, its Sole Member, MAGNETAR CAPITAL PARTNERS LP By: Supernova Management LLC, its General Partner

FAQ

What stake did Magnetar disclose in IMXI?

The Reporting Persons disclosed beneficial ownership of 1,790,158 shares, representing approximately 6.03% of IMXI common stock.

When were the additional IMXI shares purchased?

The filing states 206,473 shares were purchased between August 29, 2025 and September 9, 2025.

Which Magnetar funds hold the disclosed IMXI shares?

Holdings consist of shares for the PRA Master Fund (861,144), Systematic Master Fund (397,699), Relative Value Master Fund (120,592), and Managed Accounts (410,723).

Does Magnetar state plans to change IMXI management or strategy?

The Reporting Persons state they do not have plans or proposals that would result in actions listed in Item 4, though they reserve rights to buy or sell shares.

How were the IMXI transactions executed?

The transactions were effected in the ordinary course of business in open market transactions on NASDAQ and other trading markets.
International Mny Express Inc

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