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

Rhea-AI Filing Summary

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.

Positive

• Forager entities still hold 6.5 % of IMXI shares, signaling continued institutional interest.
• Corrected filing improves disclosure accuracy, removing uncertainty around beneficial ownership.

Negative

• Stake is dramatically lower than the erroneously reported 194.6 million shares, reducing perceived external support.
• Initial reporting error and missing joint-filing agreement raise questions about the filer’s compliance controls.

Insights

Securities Analyst

TL;DR – Correction lowers Forager’s IMXI stake to 6.5 %; still above 5 % threshold, limited governance impact.

The amendment eliminates a clear clerical error, replacing an implausible 194.6 million-share figure with 1.95 million shares. At 6.5 % ownership, Forager remains a reportable passive holder rather than a potential controlling party. Because the change stems from misreporting—not share sales—the company’s actual ownership structure is unaffected. Market impact should therefore be minimal; however, any investors who had relied on the exaggerated figure must revise assumptions about institutional support and float concentration.

Corporate Governance Specialist

TL;DR – Administrative correction; reflects filing accuracy issue, not governance shift.

From a governance standpoint, the amendment restores transparency, aligning beneficial-ownership data with reality. The 6.5 % stake is sizable enough to warrant monitoring but does not confer board influence under current circumstances. The misstatement—and late inclusion of the joint-filing agreement—highlights the importance of robust internal compliance processes at investment advisors. No activist language is present, and the Rule 13d-1(d) certification affirms a passive stance. Overall impact on shareholder power dynamics is negligible.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

International Money Express, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value

(Title of Class of Securities)

46005L101

(CUSIP Number)

04/03/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 46005L101

1

Names of Reporting Persons

Forager Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,946,174.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,946,174.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,946,174.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 46005L101

1

Names of Reporting Persons

Forager Fund, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,946,174.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,946,174.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,946,174.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 46005L101

1

Names of Reporting Persons

Kissel Edward Urban

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,946,174.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,946,174.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,946,174.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP No. 46005L101

1

Names of Reporting Persons

MacArthur Robert Symmes

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,946,174.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,946,174.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,946,174.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: International Money Express, Inc.
(b)	Address of issuer's principal executive offices: 9100 South Dadeland Blvd, Suite 1100, Miami, FLORIDA, 33156.
Item 2.
(a)	Name of person filing: This joint statement on Schedule 13G is being filed by Forager Fund, L.P., a Delaware limited partnership (the "Fund"), Forager Capital Management, LLC, a Delaware limited liability company and the general partner of the Fund (the "General Partner"), Edward Kissel and Robert MacArthur (collectively, the "Reporting Persons").
(b)	Address or principal business office or, if none, residence: The business address of each of the Reporting Persons is 2025 3rd Ave. N, Suite 350, Birmingham, AL 35203.
(c)	Citizenship: The Fund is a Delaware limited partnership. The General Partner is a Delaware limited liability company. Each of Messrs. Kissel and MacArthur is a citizen of the United States.
(d)	Title of class of securities: Common Stock, $0.0001 par value
(e)	CUSIP No.: 46005L101
Item 4.	Ownership
(a)	Amount beneficially owned: This Amendment No. 1 to Schedule 13G (this "Amendment No. 1") is being filed to correct an inadvertent overstatement of the number of shares that Forager Capital Management, LLC has sole voting power and sole dispositive power over, as well as an inadvertent overstatement of the aggregate amount of shares beneficially owned by Forager Capital Management, LLC, in the Schedule 13G filed by the reporting persons (the "Reporting Persons") on July 10, 2025 (the "Original Schedule 13G"). The Original Schedule 13G mistakenly reported Forager Capital Management, LLC as having sole voting power and sole dispositive power over 194,600,174 shares of Common Stock (as defined below), as well as beneficially owning an aggregate of 194,600,174 shares of Common Stock. Such amounts have been correctly reported herein as 1,946,174 shares of Common Stock. This Amendment No. 1 is also being filed to provide the Joint Filing Agreement, dated July 10, 2025, by and among the Reporting Persons, which was inadvertently excluded from the Original Schedule 13G. The Reporting Persons, in the aggregate, beneficially own 1,946,174 shares of common stock, $0.0001 par value, of the Issuer ("Common Stock").
(b)	Percent of class: 6.5%. The percentages of beneficial ownership reported herein, and on each Reporting Person's cover page to this Schedule 13G, are based on a total of 29,976,651 shares of Common Stock issued and outstanding as of May 5, 2025, as reported in the Issuer's quarterly report on Form 10-Q for its quarterly period ended March 31, 2025, filed with the Securities and Exchange Commission on May 8, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Each of the Fund and the General Partner has the sole power to vote or to direct the vote of 1,946,174 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the sole power to vote or to direct the vote of 0 shares of Common Stock.
	(ii) Shared power to vote or to direct the vote: Each of the Fund and the General Partner has the shared power to vote or to direct the vote of 0 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the shared power to vote or to direct the vote of 1,946,174 shares of Common Stock.
	(iii) Sole power to dispose or to direct the disposition of: Each of the Fund and the General Partner has the sole power to dispose or to direct the disposition of 1,946,174 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the sole power to dispose or to direct the disposition of 0 shares of Common Stock.
	(iv) Shared power to dispose or to direct the disposition of: Each of the Fund and the General Partner has the shared power to dispose or to direct the disposition of 0 shares of Common Stock. Each of Messrs. Kissel and MacArthur has the shared power to dispose or to direct the disposition of 1,946,174 shares of Common Stock.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

Forager Capital Management, LLC

Signature:	/s/ Robert MacArthur
Name/Title:	Managing Partner
Date:	07/11/2025

Forager Fund, L.P.

Signature:	/s/ Robert MacArthur
Name/Title:	Managing Partner of the Sole General Partner
Date:	07/11/2025

Kissel Edward Urban

Signature:	/s/ Edward Kissel
Name/Title:	Director
Date:	07/11/2025

MacArthur Robert Symmes

Signature:	/s/ Robert MacArthur
Name/Title:	Managing Partner
Date:	07/11/2025

Exhibit Information

Exhibit 24.1 Power of Attorney, dated July 10, 2025, by Edward Kissel, incorporated herein by reference to Exhibit 24.1 of the Schedule 13G filed by the reporting persons with the Securities and Exchange Commission on July 10, 2025 (https://www.sec.gov/Archives/edgar/data/1683695/000165495425007945/kissel_poa.pdf) Exhibit 24.2 Power of Attorney, dated July 10, 2025, by Robert MacArthur, incorporated herein by reference to Exhibit 24.2 of the Schedule 13G filed by the reporting persons with the Securities and Exchange Commission on July 10, 2025 (https://www.sec.gov/Archives/edgar/data/1683695/000165495425007945/macarthur_poa.pdf) Exhibit 99.1 Joint Filing Agreement, dated July 10, 2025, by and among the reporting persons

FAQ

What percentage of IMXI does Forager Capital Management now report owning?

The amendment states Forager beneficially owns 6.5 % of International Money Express common stock (1,946,174 shares).

Why was an amendment to Schedule 13G filed for IMXI?

It corrects an inadvertent overstatement in the original 13G that listed 194.6 million shares instead of 1.95 million shares and adds the joint-filing agreement.

Does Forager intend to influence control of International Money Express?

No. The certification under Item 10 confirms the shares were not acquired to change or influence control of IMXI.

Who are the reporting persons in this 13G/A?

Forager Fund, L.P.; Forager Capital Management, LLC; Edward Kissel; and Robert MacArthur are the joint reporting persons.

How many outstanding IMXI shares were used to calculate the 6.5 % stake?

The percentage is based on 29,976,651 shares outstanding as of 5 May 2025, per the company’s Q1 2025 report.

What powers do Messrs. Kissel and MacArthur hold over the shares?

They have shared voting and dispositive power over the 1.95 million shares but no sole authority.