Flexshopper, INC

FlexShopper's subsidiary, Flex Revolution, enters a forbearance agreement and plans to cease operations after an asset sale to address multiple defaults.

FlexShopper, Inc. received a notice of default and acceleration of over $168 million in debt, leading to multiple executive and board resignations.

FlexShopper, Inc. received a Nasdaq deficiency letter for failing to meet the minimum bid price requirement and faces delisting if it cannot regain compliance by March 17, 2026, while also being non-compliant on timely financial filings.

FlexShopper, Inc. is facing significant financial challenges, including a material borrowing base deficiency and an SEC investigation into alleged misrepresentations, raising concerns about its ability to continue as a going concern.

FlexShopper, Inc. and its subsidiary Flex Revolution, LLC, secured a forbearance agreement and an extension of their credit facility's draw period after failing to deliver required financial statements.

FlexShopper, Inc. announced an extension of its forbearance period with Powerscourt Investments 50, LP until September 3, 2025, or earlier upon new defaults.

FlexShopper saw a significant increase in revenue and a return to profitability in the third quarter of 2024, driven by growth in lease revenues and strategic adjustments in loan operations.

FlexShopper's Q2 2024 results show a significant increase in revenue and a substantial improvement in profitability compared to the same period last year.

FlexShopper's Q1 2024 results show a revenue increase but a net loss, alongside strategic changes including a new credit agreement and expansion into retail sales.

FlexShopper, Inc. has filed an amendment to its 2023 annual report to correct inaccuracies in the calculation of weighted average common shares and loss per share.

FlexShopper's 2023 annual report reveals a complex financial landscape with shifts in revenue streams and strategic adjustments.

Denis Echtchenko has ceased serving as a director of FlexShopper, Inc., effective July 27, 2025, and is no longer subject to Section 16 reporting.

Howard Dvorkin, a director and 10% owner of FlexShopper, Inc., purchased 128,668 shares of common stock at an average price of $1.31 on May 1, 2025.

Howard Dvorkin, a director and 10% owner of FlexShopper, Inc., reports changes in beneficial ownership of common stock through recent transactions.

Director Howard Dvorkin acquired a significant number of FlexShopper shares and rights through a recent rights offering, increasing his beneficial ownership.

FlexShopper director James Douglas Allen acquired 25,000 shares of common stock and associated rights through a recent rights offering.

FlexShopper director Thomas O. Katz acquired 80,000 shares of common stock and associated rights through a rights offering.

FlexShopper is holding its 2024 Annual Meeting of Stockholders on October 7, 2024, to vote on key proposals including increasing authorized common stock and amending the equity compensation plan.

FlexShopper is conducting a rights offering to raise capital, repurchase preferred stock, and reduce debt.

FlexShopper is launching a rights offering to raise capital, repurchase preferred stock, and reduce debt.

A group of investors led by director Howard S. Dvorkin has significantly increased its beneficial ownership in FlexShopper, Inc. to 36.0%, participating in a recent rights offering and expressing belief in the company's undervaluation.