Company: IMXI
Filing Date: 2025-10-21
Form Type: PREM14A
Source: 0001140361-25-038818
Chunk: 104

Company: International Money Express, Inc.
Filing Date: 2025-10-21
Form: PREM14A
Chunk 104
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 Forecasts and (ii) enterprise value / 2026E Adjusted EBITDA of 3.5x – 5.0x to Intermex’s estimated Adjusted EBITDA for 2026, based on the Moderate Case Management Forecasts. Based on this range of implied enterprise values and Intermex’s net debt of $0 as of June 30, 2025, based on information provided by Intermex’s management, and the number of fully diluted outstanding shares of our common stock (determined using the treasury stock method), based on information provided by Intermex’s management with respect to dilutive securities outstanding as of August 4, 2025, this analysis indicated an implied equity value reference range per share of our common stock of (i) $12.10 to $16.70, when applying the EV / 2025E Adjusted EBITDA and (ii) $10.40 to $14.90, when applying the EV / 2026E Adjusted EBITDA (in each case, rounded to the nearest $0.10). Selected Precedent Transactions Analysis Using public filings and other publicly available information, Lazard reviewed and analyzed selected precedent transactions that Lazard viewed as generally relevant in evaluating the Merger. In performing these analyses, Lazard analyzed certain financial information and transaction multiples relating to companies in the selected transactions and compared such information to the corresponding information for the Merger. Specifically, Lazard reviewed nine acquisition transactions in the retail remittance industry announced since July 2016, that Lazard believed, based on its experience and its professional judgment, to be generally relevant for the purpose of this analysis. These transactions are listed below.

| Announcement Date |     | Acquiror                                                        |     | Target                        |
| December 2024     |     | Railsr, TowerBrook Capital Partners L.P. and J.C. Flowers & Co. |     | Equals Group Limited          |
| June 2024         |     | Corpay, Inc.                                                    |     | GPS Capital Markets, LLC      |
| February 2022     |     | Madison Dearborn Partners                                       |     | MoneyGram International, Inc. |
| January 2021      |     | NCR Corporation                                                 |     | Cardtronics plc               |

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| Announcement Date |     | Acquiror                            |     | Target                         |
| February 2020     |     | Worldline S.A.                      |