Company: IMXI
Filing Date: 2025-10-21
Form Type: PREM14A
Source: 0001140361-25-038818
Chunk: 79

Company: International Money Express, Inc.
Filing Date: 2025-10-21
Form: PREM14A
Chunk 79
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, the Board of Directors held a meeting with Intermex management and representatives of FTP, Lazard, H&K and Cravath to discuss recent developments. FTP reviewed the history of the strategic alternatives process, including that of the 107 potential counterparties initially contacted, only Party B and Western Union had submitted actionable proposals that had not been withdrawn, and provided an update on the overall negotiation process with Party B, including the expectation that execution of a merger agreement would occur after the closing of trading on Nasdaq on Friday, July 25, 2025. The Board of Directors was also informed of and discussed Western Union’s revised proposal, open issues with Party B, regulatory considerations and risks associated with consummating a transaction with either Western Union or Party B as well as the merits of the offered merger consideration relative to Intermex remaining independent and executing on its stand-alone plan in light of the market challenges facing it. The Board of Directors also discussed timing concerns and the fact that Western Union had fallen even farther behind Party B regarding due diligence and had never provided a mark-up of a proposed merger agreement. Mr. Lisy also briefed the Board of Directors regarding his July 16, 2025 meeting with Party B’s Chief Executive Officer, including their discussions regarding the treatment of equity compensation, a key executive retention program (which would include Mr. Lisy) and revisions to Mr. Lisy’s employment agreement that would be required by Party B. Representatives of H&K also presented a summary of the current draft of the merger agreement for Party B and proposed key deal terms, including regarding a potential key executive retention bonus program that was in process before further consideration by Intermex’s Board of Directors (the “Retention Bonus Program”). In light of these factors, the Board of Directors instructed management and the various advisors to continue to pursue a transaction with Party B.

Negotiations between representatives of H&K and Party B’s legal counsel continued; however, on July 24, 2025, representatives of Party B’s financial advisor informed representatives of FTP that Party B did not expect to be able execute the Party B Merger Agreement the next day or prior to the end of the exclusivity period on July 26, 2025, indicating that it had not been able to complete negotiation of definitive commitment papers to finance the cash portion of its proposed merger consideration. Later that day, the Board of Directors met with Intermex management and representatives of H&K, Cravath, FTP and Lazard, at which meeting