12:38 PM EDT, 09/09/2024 (MT Newswires) -- Expensify ( EXFY ) shares rose more than 1% in recent Monday trading after the expense management software provider said it had fully paid its $22.6 million debt and repurchased some of its shares.

The company said it recently settled the $15 million balance of its revolving credit facility and the $7.6 million mortgage on its headquarters in Oregon.

Expensify ( EXFY ) also said it bought back 645,938 common shares, which will be retired, from its founder at an average price of $2.34, to offset the dilutive impact of its stock issuances.

Price: 2.27, Change: +0.02, Percent Change: +1.12