MIAMI, Sept. 29, 2020 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI), a leading money remittance services company focused primarily on the Latin America and Caribbean corridor, announced today that affiliates of Stella Point Capital and certain of the Company’s other stockholders intend to offer 4,925,000 shares of the Company’s common stock, par value $0.0001 per share, in an underwritten public offering. In addition, certain of the Selling Stockholders intend to grant the underwriters of the offering a 30-day option to purchase up to an additional 738,750 shares of Common Stock. 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 is acting as lead book-running manager and as representative of the underwriters for the offering. BTIG is also acting as a book-running manager for the offering.

About International Money Express, Inc.

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 from the United States and Canada to 17 countries in Latin America and the Caribbean, including Mexico and Guatemala, seven countries in Africa and two in Asia. We offer the electronic movement of money to our customers through our network of sending and paying agents and company-operated stores located in all 50 states, the District of Columbia and Puerto Rico, and throughout Latin America, the Caribbean and selected countries in Africa and Asia. Our services are also available digitally through our website, app and retail locations. We were founded in 1994 and are headquartered in Miami, Florida with offices in Puebla, Mexico, and Guatemala City, Guatemala.