Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 10

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1A
Chunk 10
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 may be brought against us and our directors in connection with the Merger Agreement. Even if the lawsuits are without merit, these claims can result in substantial costs and divert management time and resources. Additionally, if a plaintiff is successful in obtaining an injunction prohibiting completion of the Merger, then that injunction may delay or prevent the Merger from being completed, which may adversely affect our business, financial position, and results of operations.

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 June 30, 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 ProgramApril 1 through April 30330,367$12.18 329,642$55,510,523 May 1 through May 31344,317$11.37 344,136$51,596,312 June 1 through June 30306,926$10.75 306,563$48,299,973 Total981,610980,341

(a)Includes (i) 725, (ii) 181 and (iii) 363 shares withheld for income tax purposes in April 2025, May 2025 and June 2025, respectively, in connection with shares issued under compensation and benefit programs. 

(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 purchase an additional $100.0 million of its outstanding shares. On August 26, 2024, the Board of Directors approved an increase to the Repurchase Program that authorizes the Company to purchase an additional $63.8 million of its outstanding shares. In consideration of the proposed Merger and pursuant to certain restrictive covenants under the Merger Agreement, the Company has suspended activity under the Repurchase Program and does not intend to make further repurchases under it during