Company: IMXI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001683695-25-000063
Chunk: 6

Company: International Money Express, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1A
Chunk 6
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ITEM 1A. RISK FACTORS

There have been no material changes to our principal risks that we believe are material to our business, results of operations and financial condition, from the risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024 (the “2024 Form 10-K”). Prospective investors are encouraged to consider the risks described in our 2024 Form 10-K, our Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in this Quarterly Report on Form 10-Q and in our 2024 Form 10-K, and other information publicly disclosed or contained in documents we file with the Securities and Exchange Commission before purchasing our securities.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 

Issuer Purchases of Equity Securities

The following table provides information about repurchases of our common stock during the quarter ended March 31, 2025:

PeriodTotal Number of Shares Purchased(a)Average Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Program(b)Approximate Dollar Value of Shares that May Yet be Purchased under the ProgramJanuary 1 through January 31—$— —$63,177,870 February 1 through February 2834,047$16.62 —$63,177,870 March 1 through March 31383,511$13.59 267,873$59,526,378 Total417,558267,873

(a)Includes (i) 34,047 and (ii) 15,638 shares withheld for income tax purposes in February 2025 and March 2025, respectively (none in January 2025), in connection with shares issued under compensation and benefit programs. In addition, on March 12, 2025 the Company repurchased 100,000 shares at a price of $13.30 per share in a privately negotiated transaction outside of the repurchase program.

(b)On August 18, 2021, the Company’s Board of Directors approved a stock repurchase program (the “Repurchase Program”) that authorizes the Company to purchase up to $40.0 million of outstanding shares of the Company’s common stock. The Repurchase Program does not have an expiration date. On March 3, 2023, the Board of Directors approved an increase to the Repurchase Program that authorizes the Company to