Expensify, Inc. EXFY
Odd lots go first
Read automatically from the filing
In a Dutch auction, tendering too high can cost you the priority. The company picks the lowest price that buys the shares it wants, and everyone at or below that price gets it. Tender above it and your shares come back unpurchased — and because you are not in the accepted pool at all, the odd-lot priority never applies. Most offers have a box meaning "accept whatever price is determined", which keeps you in the pool; the trade-off is that you give up any say in the price. The filing explains both.
| Status | Closed |
|---|---|
| Closing date | 2026-06-10 |
| How it is priced | Dutch auction |
| Odd-lot threshold | Fewer than 100 shares |
| Must tender everything you hold | Yes |
| Must tick the odd-lot box on the form | Yes |
| Price offered | USD $0.98 to $1.20 per share, in steps of $0.02 |
| Most an odd-lot tender could be | $97.02 to $118.80 |
Where each of these comes from
Every line above was read out of the filing. Here is the wording it was read from, so you can check it.
election_required = True...ration? If you own, beneficially or of record, fewer than an aggregate of 100 shares of Class A common stock, you properly tender all of such shares at or below the Purchase Price prior to the Expiration Time (and do not properly withdraw such shares) and you complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery, and all conditions to the tender offer are satisfied or waived, we will purchase all of your shares without subjecting them to proration. See Section 1. 6 Exhibit (a)(1)(i) Can I change my mind after I have tendered shares of Class A common stock in the tender offer, but before th...
expiry = 2026-06-10...of Shares of its Class A Common Stock At a Purchase Price Not Less Than $0.98 Per Share and Not More Than $1.20 Per Share CUSIP: 30219Q106 THE TENDER OFFER, THE PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF THE DAY ON JUNE 10, 2026, UNLESS THE TENDER OFFER IS EXTENDED OR TERMINATED Expensify, Inc., a Delaware corporation (the “Company,” “we,” “us” or “our”), hereby offers to purchase for cash up to $25,000,000 of its issued and outstanding shares of Class A common st...
expiry = 2026-06-10...r value $0.0001 per share (“Class A common stock” or the “shares”), at a price per share not less than $0.98 and not more than $1.20, less any applicable withholding taxes and without interest, which expired at 12:00 midnight, New York City time, at the end of the day on June 10, 2026. The Company accepted 6,053,023 shares of Class A common stock for purchase at the purchase price of $1.20 per share, for a total cost of $7,263,627.60, excluding fees and expenses related to the Tender Offer. The total number of shares ac...
listed = True...yment to the tendering stockholders. See Section 5. THE TENDER OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING TENDERED. THE TENDER OFFER IS, HOWEVER, SUBJECT TO OTHER CONDITIONS. SEE SECTION 7. Our shares of Class A common stock are listed and traded on the Nasdaq Global Select Market (“Nasdaq”) under the trading symbol “EXFY.” On May 12, 2026, the last trading day prior to the commencement by the Company of the tender offer, the last reported sale price of the shares of Class A common stock on Nasdaq was $0.97 per share. You are urged to obtain current market quotations for the shares of Class A common stock. See Section 8. O...
mechanism = DUTCH...find a more complete discussion. Who is offering to purchase my shares? We (Expensify, Inc.) are offering to purchase your shares of Class A common stock. See Section 1. What will be the Purchase Price for the shares? We are conducting an offer by means of a modified “Dutch auction.” We are offering to purchase up to $25,000,000 of shares, upon the terms and subject to the conditions of the tender offer, at a Purchase Price (to be determined as provided in this Offer to Purchase) of not less than $0.98 per share and not more than $1.20 per share, less any applicable withholding taxes and without interest, for each...
mechanism = DUTCH...6.8% reduction in Class A common stock outstanding. SAN FRANCISCO, CAL.--(BUSINESS WIRE)--June 12, 2026-- Expensify, Inc. (Nasdaq: EXFY) (the “Company”), the easiest way to manage expenses, corporate cards, and travel, today announced the final results of its modified “Dutch auction” tender offer (the “Tender Offer”) to purchase for cash up to $25,000,000 of its outstanding shares of Class A common stock, par value $0.0001 per share (“Class A common stock” or the “shares”), at a price per share not less than $0.98 and not more than $1.20, less any applicable withholding taxes and without interest, which expired at 1...
must_tender_all = True...which such shares were properly tendered, have been properly tendered and not properly withdrawn prior to the Expiration Time, we will purchase shares: •first, from all stockholders of “odd lots” (persons who own fewer than 100 shares of Class A common stock) who properly tender all of their shares at or below the Purchase Price and do not properly withdraw them prior to the Expiration Time; •second, subject to the conditional tender provisions described in Section 6, on a pro rata basis, with appropriate adjustment to avoid purchases of fractional shares, from all other stockholders who properly tender shares of Class A common sto...
price = USD 0.98-1.2...fertopurchase.htm EX-99.(A)(1)(I) Document Exhibit (a)(1)(i) EXPENSIFY, INC. Offer to Purchase for Cash Up to $25,000,000 of Shares of its Class A Common Stock At a Purchase Price Not Less Than $0.98 Per Share and Not More Than $1.20 Per Share CUSIP: 30219Q106 THE TENDER OFFER, THE PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF THE DAY ON JUNE 10, 2026, UNLESS THE TENDER OFFER IS EXTENDED OR TERMIN...
price = USD 0.98-1.2...o purchase for cash up to $25,000,000 of its outstanding shares of Class A common stock, par value $0.0001 per share (“Class A common stock” or the “shares”), at a price per share not less than $0.98 and not more than $1.20, less any applicable withholding taxes and without interest, which expired at 12:00 midnight, New York City time, at the end of the day on June 10, 2026. The Company accepted 6,053,023 shares of Class A common stock for...
priority = True...d and shares having an aggregate purchase price in excess of $25,000,000, measured at the maximum price at which such shares were properly tendered, have been properly tendered and not properly withdrawn prior to the Expiration Time, we will purchase shares: •first, from all stockholders of “odd lots” (persons who own fewer than 100 shares of Class A common stock) who properly tender all of their shares at or below the Purchase Price and do not properly withdraw them prior to the Expiration Time; •second, subject to the conditional tender provisions described in Section 6, on a pro rata basis, with appropriate adjustment to avoid purchases of fractional shares, from...
threshold = 100...purchase price in excess of $25,000,000, measured at the maximum price at which such shares were properly tendered, have been properly tendered and not properly withdrawn prior to the Expiration Time, we will purchase shares: •first, from all stockholders of “odd lots” (persons who own fewer than 100 shares of Class A common stock) who properly tender all of their shares at or below the Purchase Price and do not properly withdraw them prior to the Expiration Time; •second, subject to the conditional tender provisions described in Section 6, on a pro rata basis, with appropriate adjustment to avoid purchases of fractional shares, from all ot...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 3 exhibita1i-offertopurchase.htm EX-99.(A)(1)(I) Document Exhibit (a)(1)(i) EXPENSIFY, INC. Offer to Purchase for Cash Up to $25,000,000 of Shares of its Class A Common Stock At a Purchase Price Not Less Than $0.98 Per Share and Not More Than $1.20 Per Share CUSIP: 30219Q106 THE TENDER OFFER, THE PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF THE DAY ON JUNE 10, 2026, UNLESS THE TENDER OFFER IS...
txn_type = TENDER_OFFEREX-5.(A)(III) 2 exhibit5aiii-pressreleasef.htm EX-5.(A)(III) Document Exhibit 5(a)(iii) EXPENSIFY, INC. ANNOUNCES FINAL RESULTS OF TENDER OFFER The Company accepted for purchase 6,053,023 shares of common stock at $1.20 per share, which will result in an approximate 6.8% reduction in Class A common stock outstanding. SAN FRANCISCO, CAL.--(BUSINESS WIRE)--June 12, 2026-- Expensify, Inc. (Nasdaq: EXFY) (the “Company”), the easiest way to manage expenses, corporate cards, and trave...
The filings
| Filed | Form | Role | On EDGAR |
|---|---|---|---|
| 2026-05-13 | SC TO-I | original (governing) | View |
| 2026-06-12 | SC TO-I/A | amendment | View |