Amendment: SEC Form SC TO-I/A filed by Expensify Inc.
$EXFY
Computer Software: Prepackaged Software
Technology
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 2
SCHEDULE TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
Expensify, Inc.
(Name of Subject Company (Issuer))
Expensify, Inc.
(Names of filing Persons (Offeror and Issuer))
Class A Common Stock, Par Value $0.0001 per share
(Title of Class of Securities)
30219Q106
(CUSIP Number of Class of Securities)
(Underlying Common Stock)
Ryan Schaffer
Chief Financial Officer
Expensify, Inc.
88 Kearny St., Ste 1600
San Francisco, California 94108
Tel: (971) 365-3939
(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing person)
Copies to:
Tad J. Freese, Esq. Alexa M. Berlin, Esq. Latham & Watkins LLP 140 Scott Drive Menlo Park, California 94025 (650) 328-4600 | Joshua A. Kaufman, Esq. DLA Piper LLP (US) 1251 Avenue of the Americas New York, NY 10020 |
☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates: ☐Third-party tender offer subject to Rule 14d-1. ☒Issuer tender offer subject to Rule 13e-4. ☐Going-private transaction subject to Rule 13e-3. ☐Amendment to Schedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐ If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon: ☐Rule 13e-4(i) (Cross-Border Issuer Tender Offer) ☐Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) |
This Amendment No. 2 (this “Amendment No. 2”) amends and supplements the Tender Offer Statement on
Schedule TO originally filed with the Securities and Exchange Commission (the “Commission”) on May 13, 2026,
as amended and supplemented by Amendment No. 1 to the Tender Offer Statement on Schedule TO filed with the
Commission on May 29, 2026 (the “Schedule TO”), related to the offer by Expensify, Inc., a Delaware corporation
(the “Company”), to purchase for cash up to $25,000,000 of its Class A common stock, par value $0.0001 per share,
at a price per share of not less than $0.98 and not more than $1.20, without interest and subject to any applicable
withholding taxes. The Company’s offer is made upon the terms and subject to the conditions described in the Offer
to Purchase, dated May 13, 2026 (as amended or supplemented from time to time, the “Offer to Purchase”), a copy
of which was filed as Exhibit (a)(1)(i) to the Schedule TO, and in the accompanying Letter of Transmittal (as
amended or supplemented from time to time, the “Letter of Transmittal” and, the Letter of Transmittal together with
the Offer to Purchase, the “tender offer”), a copy of which was attached as Exhibit (a)(1)(ii) to the Schedule TO.
Except as specifically provided herein, the information contained in the Schedule TO remains unchanged and this
Amendment No. 2 does not modify any of the information previously reported on the Schedule TO. You should read
this Amendment No. 2 together with the Schedule TO, the Offer to Purchase and the Letter of Transmittal.
The Schedule TO is hereby amended and supplemented as follows:
Item 11. Additional Information.
The information set forth in Item 11 is hereby amended and supplemented by adding the following:
“On June 11, 2026, the Company issued a press release announcing the preliminary results of the tender offer, which
expired at 12:00 midnight, New York City time, at the end of the day on June 10, 2026. A copy of the press release
is filed as Exhibit (a)(5)(ii) hereto and is incorporated by reference herein.”
Item 12. Exhibits.
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:
EXHIBIT NUMBER | DESCRIPTION |
(a)(5)(ii)* |
* Filed herewith
SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement
is true, complete and correct.
Dated: June 11, 2026
EXPENSIFY, INC. | |||
By: | /s/ Ryan Schaffer | ||
Name: | Ryan Schaffer | ||
Title: | Chief Financial Officer | ||