Business Context and Reporting Period
Company: International Money Express, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: November 1, 2018
Reporting Period: Events occurring on October 29, 2018, and effective October 31, 2018.
Key Financial Metrics
This filing is a current report regarding listing status and does not contain financial statements. The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Common Stock Status: The Company received notice from Nasdaq on October 29, 2018, confirming it met the minimum round lot holder requirement (Rule 5505(a)(3)). Consequently, the common stock (Symbol: IMXI) will continue to be listed and traded on The Nasdaq Capital Market.
- Warrant Status: The Company failed to demonstrate compliance with the minimum round lot holder requirement for its warrants (Rule 5515(a)(4)). The Company withdrew its request for a hearing regarding this requirement.
- Delisting Action: Nasdaq determined to delist the Company's warrants and suspend their trading effective at the open of business on October 31, 2018.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the resolution of the common stock listing deficiency but acknowledges the finality of the warrant delisting following the withdrawal of the hearing request.
Risks and Contingencies: The filing includes standard forward-looking statements warning that actual results may differ materially from expectations due to known and unknown risks. The delisting of warrants represents a specific contingency affecting the liquidity and trading venue of that specific security class.
Investor Verification Checklist
- Verify the continued trading status of IMXI common stock on The Nasdaq Capital Market.
- Confirm the suspension of trading for Company warrants effective October 31, 2018.
- Review subsequent filings to determine if warrants will be transferred to an alternative trading venue (e.g., OTC markets).
- Check the Company's most recent 10-Q or 10-K for actual financial performance metrics, as this 8-K contains none.