Expensify terminates undrawn credit facility with CIBC; no penalties incurred

Expensify, Inc.

Terminated Second Amended and Restated Loan and Security Agreement with CIBC on July 1, 2025.
No borrowings outstanding; revolving line and letters of credit fully undrawn at termination.
All obligations paid in full, liens released, and collateral returned.
No penalties incurred by Expensify as a result of the termination.

item 1.02

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