secwatch.observer — SEC 8-K summary
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Issuer:     Expensify, Inc. (EXFY)
CIK:        0001476840
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001476840-26-000024
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Expensify receives Nasdaq deficiency notice for bid price below $1.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476840/000147684026000024/0001476840-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476840/000147684026000024/exfy-20260417.htm
  HTML page:      https://secwatch.observer/filing/0001476840-26-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer