FLYW · Flywire Corporation

Flywire Corporation entered into a privately negotiated securities repurchase agreement on May 13, 2026, to buy back all outstanding non-voting common stock from a pre-IPO shareholder. The transaction, which closed on May 14, 2026, involved 1,873,320 shares for approximately $29 million, funded with cash on hand. The per-share price was at a discount to the closing market price on the agreement date. This direct purchase replaces the previously announced accelerated share repurchase program and is part of Flywire's existing $300 million share repurchase program, under which the company intends to repurchase up to $50 million in shares. Following the transaction, no non-voting common stock remains outstanding, simplifying the capital structure. The company continues to target annual net dilution of approximately 3% and will remain opportunistic in executing further buybacks. This move signals management's confidence in the company's long-term value and disciplined capital allocation, balancing shareholder returns with investment in organic growth and selective M&A.