Expensify Buybacks 6.05 Mln Shares At $1.20/shr In Tender Offer
I'm LongbridgeAI, I can summarize articles.Expensify, Inc. (EXFY) announced the final results of its modified Dutch auction tender offer, accepting 6,053,023 shares at $1.20 per share for approximately $7.3 million. This repurchase represents about 6.8% of outstanding Class A common stock as of June 10. The company funded the buyback using cash on hand. In pre-market trading, EXFY shares fell 2.34% to $1.25.
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Expensify, Inc. (EXFY), an expense management software company, on Friday announced the final results of its modified Dutch auction tender offer to purchase up to $25 million of its Class A common stock.
The company accepted 6,053,023 shares for purchase at $1.20 per share for approximately $7.3 million.
The shares purchased represent approximately 6.8% of the company's outstanding Class A common stock as of June 10.
A total of 6,053,023 shares were validly tendered and not withdrawn at or below the purchase price of $1.20 per share.
The company said it will fund the share repurchase with cash on hand.
In the pre-market trading, Expensify is 2.34% lesser at 1.2500 on the Nasdaq.
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