Flexshopper, INC 8-K filings

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, Inc. amended its credit agreement to secure interim financing for immediate working capital needs, introducing a 'Permitted Rescue Financing' mechanism and adjusting advance rates.

FlexShopper, Inc. subsidiaries entered a limited forbearance agreement with lenders after receiving a notice of multiple events of default, including financial misrepresentations.

FlexShopper, Inc. announced the immediate termination of its CEO and CFO, H. Russell Heiser Jr., and the appointment of Matthew A. Doheny as Chief Restructuring Officer.

FlexShopper, Inc. announced that its past financial statements are unreliable due to an ongoing fraud investigation, leading to the suspension of its CEO and a forbearance agreement with its lender.

FlexShopper, Inc. announces the resignation of director Denis Echtchenko, citing internal financial and lending issues, and the immediate appointment of restructuring expert Steven Varner to the Board.

FlexShopper, Inc. announced the appointment of its current Chief Operating Officer, John Davis, to the additional position of President, effective July 8, 2025.

FlexShopper, Inc. announced the extension of the draw period for its up to $20 million Basepoint Credit Agreement to July 31, 2025, providing continued access to capital for consumer loan originations.

FlexShopper, Inc. secures an increase in its borrowing capacity to $200 million and extends its credit agreement with Powerscourt Investments 50, LP until April 2028.

FlexShopper announces a 19.5% year-over-year increase in annual revenue, driven by growth in its direct-to-consumer (DTC) and business-to-business (B2B) strategies.

FlexShopper Inc. announces the appointment of Patrick McCrory to its Board of Directors and the retirement of T. Scott King, effective January 20, 2025.

FlexShopper, Inc. announced the appointment of Denis Echtchenko to its Board of Directors and an increase in CEO H. Russell Heiser Jr.'s compensation, including a base salary raise, bonus target increase, and a grant of restricted stock units.

FlexShopper, Inc. has announced a rights offering to raise capital, primarily aimed at reducing debt and funding potential acquisitions.

FlexShopper announced record third-quarter 2024 financial results, highlighted by a 45% year-over-year increase in adjusted EBITDA and a return to GAAP net income.

FlexShopper has entered into an agreement to potentially repurchase a large portion of its Series 2 Preferred Stock at a substantial discount, which could lead to significant savings and increased value for common shareholders.

FlexShopper Inc. has increased its authorized common stock from 40 million to 100 million shares after receiving shareholder approval at its annual meeting on October 7, 2024.

FlexShopper announced a significant increase in revenue and lease funding approvals for the second quarter of 2024, alongside improved profitability metrics.

FlexShopper's first quarter of 2024 saw a revenue increase of 10.1% year-over-year, but the company still reported a net loss.

FlexShopper announced a significant increase in gross profit and adjusted EBITDA for both the fourth quarter and full year 2023, alongside a major debt refinancing.

FlexShopper, Inc. has entered into a new $150 million credit agreement with Powerscourt Investment 50, LP, refinancing its previous debt and increasing its borrowing capacity.