Expensify retires 735 shares of LT10 common stock, reduces authorized shares

Expensify, Inc.

Filed Certificate of Retirement to retire 735 shares of LT10 Common Stock converted to Class A Common Stock.
Total authorized shares reduced by 735 to 1,059,995,846.
Retirement required by charter after forfeiture of unvested LT10 shares; no reissuance allowed.
Authorized shares now include 1B Class A, ~24.997M LT10, ~24.999M LT50, and 10M preferred.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Expensify, Inc.: Retired 735 shares of LT10 Common Stock, reducing authorized capital stock by 735 shares, effective upon filing with Delaware Secretary of State (effective 2023-02-08).

Change: charter amendment
Effective: 2023-02-08

Exact text from the filing

On February 8, 2023, Expensify, Inc. (“Expensify” or the “Company”) filed a Certificate of Retirement with the Secretary of State of the State of Delaware to retire 735 shares of LT10 common stock, par value $0.0001 per share, of the Company (the “LT10 Common Stock”).

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Expensify, Inc. filing history →

Source: SEC EDGAR

accession 0001476840-23-000014

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