World News: 01:34 GMT Thursday 12th September 2019. [International Money Express, Inc. via Globe Newswire via SPi World News]
MIAMI, Sept. 11, 2019 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (the "Company"), a leading money remittance services company focused primarily on the Latin America and Caribbean corridor, announced today the pricing of the underwritten secondary public offering by affiliates of Stella Point Capital and certain of the Company's other stockholders (the “Selling Stockholders”) of 5,217,392 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a public offering price of $12.75 per share. The offering is expected to close on or about September 16, 2019, subject to customary closing conditions. In addition, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 782,608 shares of Common Stock at the same price as the initial shares sold to the underwriters.
The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering.
Credit Suisse and Cowen are acting as lead book-running managers and as representatives of the underwriters for the offering. BMO Capital Markets and KeyBanc Capital Markets also are acting as book-running managers for the offering. BTIG, Cantor Fitzgerald & Co., Craig-Hallum Capital Group, JMP Securities, Northland Securities and Piper Jaffray are acting as co-managers for the offering.
The shares of Common Stock described above are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-232888) that has been declared effective by the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus supplement and accompanying base prospectus. Before you invest, you should read the prospectus in the registration statement, the prospectus supplement, and other documents the Company has filed with the SEC for more complete information about the Company and this offering. Copies of the registration statement, the prospectus supplement and the accompanying base prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting:
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
At International Money Express, Inc., the customer is at the center of everything we do. We use proprietary technology that enables consumers to send money primarily from the United States to Latin America and the Caribbean, including Mexico and Guatemala. We offer the electronic movement of money and data to our customers through our network of sending and paying agents located in all 50 states, the District of Columbia and Puerto Rico, and throughout Latin America, the Caribbean and other territories. Our services are also available digitally through the Company’s website. We were founded in 1994 and are headquartered in Miami, Florida with offices in Puebla, Mexico, and Guatemala City, Guatemala.
Globe Newswire: 01:34 GMT Thursday 12th September 2019
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