Certain Stock Options of Expensify, Inc. are subject to a Lock-Up Agreement Ending on 9-MAY-2022.
May 08, 2022
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Certain Stock Options of Expensify, Inc. are subject to a Lock-Up Agreement Ending on 9-MAY-2022. These Stock Options will be under lockup for 181 days starting from 9-NOV-2021 to 9-MAY-2022.
Details:
The company has greed that it will not, subject to certain exceptions, (i) offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, hedge, lend, or otherwise transfer or dispose of, directly or indirectly, or submit to, or file with, the Securities and Exchange Commission a registration statement under the Securities Act relating to, any shares of it's common stock or securities convertible into or exercisable or exchangeable for any shares of it's common stock, or publicly disclose the intention to make any offer, sale, pledge, hedge, loan, disposition or filing, or (ii) enter into any swap, hedging, or other arrangement that transfers all or a portion of the economic consequences associated with the ownership of any shares of common stock or any such other securities (regardless of whether any of these transactions are to be settled by the delivery of shares of common stock or such other securities, in cash or otherwise), in each case without the prior written consent of J.P. Morgan Securities LLC for a period of 180 days after the date of this prospectus, other than the shares of it's common stock to be sold in this offering.
Expensify, Inc. (Expensify) is engaged in offering a cloud-based expense management software platform that helps businesses to simplify the way they manage money. Its platform is used by people in organizations around the world use Expensify to scan and reimburse receipts from flights, hotels, coffee shops, office supplies and ride shares. It improves the experience of the actual end users of expense management software. It designs Expensify to be easy to set up, integrate, configure and use from any device, which has enabled it to serve employees of all types and organizations of all sizes, industries and geographies. It offers subscription plans for both individuals and businesses that are self-service and payable by credit card. The Company focuses on improving the everyday experience of regular employees with an easy-to-use platform, which enables a bottom-up business model that is capital efficient and scalable.