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.

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