Grabar Law Office Investigates Claims on Behalf of Current Long-term Shareholders of Expensify, Inc. (EXFY) By Investing.com

Philadelphia, PA – (Newsfile Corp. – December 29, 2024) – Grabar’s law firm is investigating whether certain officers and directors Spend Inc. (NASDAQ: NASDAQ: ) breached their fiduciary duties to the company.

Current Expensify shareholders who hold Expensify shares on or near the November 11, 2021 IPO may apply for corporate reform, a return of funds to the company’s coffers, and possibly a court-approved incentive award. You are encouraged to visit https:/ /grabarlaw.com/the-latest/expensify-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com or call us at 267-507-6085.

Why? On October 15, 2021, Expensify filed a registration statement on SEC Form S-1 in connection with the IPO, which, after several amendments, was made effective by the SEC on November 9, 2021 On or about the 11th, Expensify completed its IPO by selling 9.73 million shares at a price of $27.00 per share. for

The complaint underlying the securities fraud class action alleges that the Offering Documents issued in connection with the IPO were prepared negligently and, as a result, contained untrue statements of material fact or omitted to state other facts necessary for the statements made. not be misleading and were not prepared in accordance with the rules and regulations for their preparation made statements and/or failed to disclose that: (ii) as a result, the Company has overestimated the effectiveness of its business model and the likelihood that it will meet the long-term growth projections set forth in the Offering Documents; (iii) accordingly, the Company’s post-IPO financial condition and/or business prospects have been overstated; and (iv) as a result, the defendants’ statements about the Company’s performance, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

What now? Current Expensify shareholders holding Expensify shares on or near the November 11, 2021 IPO should visit https://grabarlaw.com/the-latest/expensify-shareholder-investigation/ contact Joshua Grabar at jgrabar @grabarlaw at: com or call us at 267-507-6085 You can search corporate reforms, a return of funds to the company’s coffers and a court-approved incentive award at no cost.

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