Flywire is moving ahead with its buyback plan, but in a different way than originally outlined.
The company said it has signed a privately negotiated deal to buy all of a pre-IPO shareholder’s outstanding non-voting common stock, about 1.87 million shares, for roughly $29 million. The purchase is being funded entirely with cash on hand and is being made under Flywire’s existing $300 million share repurchase authorization.
The transaction replaces the company’s earlier plan to launch an accelerated share repurchase program of up to $50 million. Flywire said it will still pursue up to $50 million in repurchases under the broader authorization, with the timing and size of purchases depending on market conditions and price levels.
At the price implied by the deal, Flywire is paying below the stock’s closing market price on May 13, 2026. Once the repurchase closes, the retired non-voting shares will leave the company with no non-voting common stock outstanding.
Flywire said the move is part of its capital allocation strategy alongside continued investment in organic growth and selective acquisitions. The company also said it intends to keep annual net dilution at about 3% over time.
The buyback comes after Flywire’s first-quarter 2026 earnings release, when it first announced plans for up to $50 million in repurchases as part of the larger $300 million program. The market has reacted to these announcements by moving the company's shares -0.98% to a price of $16.19. For the full picture, make sure to review Flywire Corp's 8-K report.
