Expensify, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Expensify, Inc. (NASDAQ: EXFY) 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 (“IPO” or “Offering”) (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 29, 2024.

If you purchased Expensify common stock during the Class Period and would like to join the prospective action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the offering documents issued in connection with the Company’s IPO conducted on or about November 11, 2021
If you purchased Expensify common stock you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

The IPO offering documents were negligently prepared and, as a result, contained untrue statements of material fact or omissions. Specifically, the IPO offering documents made false and/or misleading statements and/or failed to disclose that:

  • Expensify’s revenue growth was highly susceptible to structural and macroeconomic headwinds;
  • as a result, Expensify overstated the efficacy of its business model and the likelihood it would meet the long-term growth projections touted in the Offering Documents;
  • accordingly, Expensify’s post-IPO financial position and/or business prospects were overstated; and
  • as a result, defendants’ statements about Expensify’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Expensify, Inc.
Stock Symbol: EXFY
Class Period: Pursuant and/or traceable to the Offering Documents issued in connection with the Company’s IPO conducted on or about November 11, 2021
Court: United States District Court for the District of Oregon

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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