Voss Capital wants to maximize shareholder value at International Money Express. How it may play out

Business: International Money Express is an omnichannel money remittance services company. IMXI offers money transfer services digitally through a network of agent retailers in the United States, Canada, Spain, Italy and Germany. It works through company-operated stores, its mobile application and the company's websites. Its remittance services include a suite of ancillary financial processing solutions and payment services available in all 50 states in the United States, Puerto Rico and 13 provinces in Canada. It offers money remittance services to Latin America and the Caribbean countries, mainly Mexico and Guatemala. These services involve the movement of funds on behalf of an originating consumer for receipt by a designated beneficiary at a designated receiving location.

Stock Market Value: $601.9M ($18.46 per share)

Percentage Ownership: 5.64%

Average Cost: $19.14

Activist Commentary: Voss is a Houston, Texas-based hedge fund focused on underfollowed special situations. They are not traditional activists but have used activism as a tool in the past.

Voss has engaged with the company's board and management team regarding ways to maximize shareholder value, including a possible sale of the company in a take-private transaction.

International Money Express is a money remittance services provider which enables consumers to send money from the United States, Canada, Spain, Italy and Germany to Mexico, Guatemala and other countries in Latin America, Africa and Asia. The company provides its services through a network of authorized agents located in various unaffiliated retail establishments, 118 company-operated stores and digitally via an app and its website. IMXI serves more than 4 million clients every month and has a goal