NEW YORK, NY / ACCESSWIRE / July 5, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Expensify, Inc. ("Expensify" or the "Company") (NASDAQ:EXFY). Investors who purchased Expensify securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/exfy.
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Investigation Details:
On or around November 11, 2021, Expensify conducted its initial public offering ("IPO"), selling 2.6 million shares priced at $27.00 per share. Then, on June 12, 2023, Morgan Stanley downgraded Expensify to Underweight from Equal-weight, citing structural headwinds and the Company's risk-reward profile. On this news, Expensify's stock price fell $0.45 per share, or 6.28%, to close at $6.72 per share on June 12, 2023.
What's Next?
If you are aware of any facts relating to this investigation or purchasedExpensify shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/exfy. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC