{"schema_version":"secwatch.filing_event.v1","accession":"0001476840-25-000131","form_type":"8-K","ticker":"EXFY","cik":"0001476840","company_name":"Expensify, Inc.","filed_at":"2025-10-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.487035+00:00","generated_at":"2026-05-17T03:43:14.956118+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Expensify enters into new LOC facility with CIBC, replacing prior loan agreement","bullets":["$7.5M irrevocable standby LOC remains outstanding; no amounts drawn as of Oct 9, 2025.","New LOC Security Agreement grants CIBC a security interest in substantially all assets, including IP.","Prior revolving credit facility was terminated on July 1, 2025; this agreement replaces surviving Contingent Obligations.","Additional standby LCs may be issued at CIBC's discretion; facility can be terminated by either party.","Agreement contains customary affirmative/negative covenants and default provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001476840-25-000131","json":"https://secwatch.observer/filing/0001476840-25-000131.json","markdown":"https://secwatch.observer/filing/0001476840-25-000131.md","text":"https://secwatch.observer/filing/0001476840-25-000131.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1476840/000147684025000131/0001476840-25-000131-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1476840/000147684025000131/exfy-20251009.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:43:14.956118+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}