---
schema_version: "secwatch.filing_event.v1"
accession: "0001476840-26-000024"
form_type: "8-K"
ticker: "EXFY"
cik: "0001476840"
company_name: "Expensify, Inc."
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:06:02.357468+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Expensify receives Nasdaq deficiency notice for bid price below $1.00

## Summary
- Received deficiency letter on April 17, 2026 for non-compliance with minimum $1.00 bid price.
- Has 180 days until October 14, 2026 to regain compliance; needs $1.00 close for 10 consecutive days.
- Will propose reverse stock split at annual meeting on May 22, 2026; ratios 1:15, 1:20, or 1:25.
- No immediate delisting; stock continues trading under EXFY on Nasdaq Global Select Market.

## SEC filing metadata
- accession: 0001476840-26-000024
- form_type: 8-K
- ticker: EXFY
- cik: 0001476840
- company_name: Expensify, Inc.
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476840/000147684026000024/0001476840-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476840/000147684026000024/exfy-20260417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476840-26-000024
- JSON: https://secwatch.observer/filing/0001476840-26-000024.json
- Plain text: https://secwatch.observer/filing/0001476840-26-000024.txt

## Source-grounded claims
- claim_id: 7eb11ff095f0787ba3271be73ec21222244585cd
  claim: Expensify, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).
  evidence_excerpt: April 17, 2026, Expensify, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department (“the Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A common stock, par value $0.0001 (the “Class A common stock”), has been below the minimum $1.00 per share required for continued listing on The Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The Nasdaq deficiency letter has no immediate
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476840/000147684026000024/0001476840-26-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.