FPAY
FlexShopper, Inc.0.0026
+0.0011+73.3%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
63.99KP/E (TTM)
-Basic EPS (TTM)
-0.20Dividend Yield
0%Recent Filings
8-K
Nasdaq bid price deficiency
FlexShopper received a Nasdaq deficiency notice on September 18, 2025, after its common stock bid price lingered below $1.00 for 30 straight business days, breaching the minimum listing rule. The company has until March 17, 2026, to lift the price above $1.00 for ten consecutive days or risk delisting, though it could snag a 180-day extension by shifting to the Capital Market. Nasdaq trading persists uninterrupted. Delisting looms if compliance falters.
8-K
Borrowing base crisis escalates
FlexShopper's subsidiaries face a borrowing base deficiency under the Waterfall Credit Agreement due to overstated calculations from alleged misrepresentations by former officers, with the forbearance period expiring on September 3, 2025. The company continues receiving some funding advances while negotiating a restructuring to cure the shortfall and support operations. Yet failure to resolve this threatens going-concern status. The SEC's ongoing investigation adds regulatory pressure.
8-K
Credit forbearance extended
FlexShopper's subsidiary secured a forbearance extension from lender BP Fundco on August 29, 2025, delaying action on a default from late 2024 financial statements until September 30 or earlier termination. The deal stretches the credit facility's draw period to September 30, 2025, with a possible one-year extension, while requiring a backup servicing agreement by then. Lenders retain discretion on new loans. Forbearance buys time, but hinges on compliance.
8-K
Forbearance extended to September
FlexShopper's subsidiaries secured an extension of their limited forbearance agreement with Powerscourt Investments on August 22, 2025, pushing the forbearance period to September 3 or until new defaults arise beyond the specified ones. This buy-time move reaffirms the existing credit and servicing pacts amid ongoing issues. Lenders hold firm on unmodified terms. No fresh defaults yet.
8-K
Credit amendment enables rescue financing
FlexShopper amended its credit agreement on August 18, 2025, to allow interim financing from lender Powerscourt Investments for urgent working capital needs. This 'Permitted Rescue Financing' boosts advance rates to 145% on specific leases and loans transferred that day, easing liquidity pressures amid ongoing amendments. No defaults exist post-amendment. Lenders retain all prior rights.
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