NEW
YORK, Jan. 26, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of
Expensify, Inc..
Shareholders who purchased shares of EXFY during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/expensify-loss-submission-form/?id=64777&from=4
CLASS PERIOD: This lawsuit is on behalf of all those who
purchased or otherwise acquired Expensify common stock pursuant
and/or traceable to the registration statement and related
prospectus issued in connection with the Company's initial public
offering conducted on or about November 11,
2021.
ALLEGATIONS: According to the complaint, the offering
documents issued by the Company in connection with its initial
public offering (the "Offering Documents") made false and/or
misleading statements and/or failed to disclose that: (i)
Expensify's revenue growth was highly susceptible to structural and
macroeconomic headwinds; (ii) as a result, the Company overstated
the efficacy of its business model and the likelihood it would meet
the long-term growth projections touted in the Offering Documents;
(iii) accordingly, the Company's post-IPO financial position and/or
business prospects were overstated; and (iv) as a result,
defendants' statements about the Company's business, operations,
and prospects were materially false and misleading and/or lacked a
reasonable basis at all relevant times.
DEADLINE: January 29, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/expensify-loss-submission-form/?id=64777&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of EXFY during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is January 29, 2024. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm