EXFY - EXPENSIFY ALERT: Bragar Eagel & Squire P.C. is Investigating Expensify Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, May 14, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Expensify, Inc. (NASDAQ:EXFY) on behalf of long-term stockholders following a class action complaint that was filed against Expensify on November 29, 2023 with a Class Period pursuant and/or traceable to the Offering Documents issued in connection with the Company's initial public offering conducted on or about November 11, 2021 (the "IPO" or "Offering"). Our investigation concerns whether the board of directors of Expensify have breached their fiduciary duties to the company.
Expensify provides a cloud-based expense management software platform to individuals, small businesses, and corporations in the U.S. and internationally. The Company's platform purportedly enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel, and Expensify offers track and submit plans for individuals.
On October 15, 2021, Expensify filed a registration statement on Form S-1 with the SEC in connection with the IPO, which, after several amendments, was declared effective by the SEC on November 9, 2021 (the "Registration Statement").
On or about November 11, 2021, pursuant to the Offering Documents, Expensify conducted its IPO, selling 9.73 million shares priced at $27.00 per share.
On November 12, 2021, Expensify filed a prospectus on Form 424B4 with the SEC in connection with the IPO, which incorporated and formed part of the Registration Statement ...