Flywire to Buy 1.87M Non-Voting Shares for $29M, Continues $300M Buyback Plan
FLYW•Flywire is acquiring 1.87 million non-voting shares for about $29 million at a discount, replacing a planned $50 million ASR under its $300 million repurchase authorization. The company will continue cash-funded buybacks up to $50 million and maintain roughly 3% annual net dilution while prioritizing market conditions and capital allocation.
1. Direct Repurchase of Non-Voting Shares
Flywire has privately acquired approximately 1.87 million outstanding non-voting common shares for about $29 million, paying below the market closing price. This direct repurchase replaces the planned accelerated share repurchase under the previously announced $50 million tranche.
2. Continued Share Repurchase Plan
The transaction is funded entirely from cash on the balance sheet and operates within Flywire’s existing $300 million share repurchase authorization. Flywire will still target up to $50 million in repurchases, with timing based on market conditions and pricing.
3. Capital Allocation and Dilution Outlook
Following this purchase, all non-voting shares will be retired, leaving only voting common stock outstanding. The company remains committed to maintaining annual net dilution at roughly 3% while balancing investments in organic growth and selective M&A.
