FLEXSHOPPER NEW DL-,001

FlexShopper and seven affiliates filed voluntary Chapter 11 petitions in Delaware on Dec. 22, 2025, citing minimal assets and liabilities and seeking to reorganize rather than liquidate. The company faced Nasdaq delisting after failing to file required SEC reports, experienced executive departures, creditor defaults and forbearance agreements during 2025. Financial advisors and restructuring counsel have been appointed as FlexShopper pursues bankruptcy protection to address its debt and operational challenges. » More on finance.yahoo.com

FlexShopper’s stock fell about 39.4% in after-hours trading after Nasdaq on Oct. 14 initiated a delisting proceeding for failure to file the 2024 annual report and the Q1/Q2 2025 quarterly reports. According to the company, FlexShopper does not plan to contest the decision; if no request for a hearing is filed by Oct. 21, trading on the Nasdaq Capital Market will be suspended at market open on Oct. 23 and the listing will be cancelled. The delisting follows continued noncompliance with Nasdaq Rule 5250(c)(1); no reasons for the delayed filings have been given so far. FlexShopper operates a lease-to-own platform for durable consumer goods. » More on de.investing.com

FlexShopper’s stock fell about 20% in premarket trading after several executives resigned, including three board members as well as the president and COO. One board member cited disagreements over financial reporting as the reason for his resignation, which the company denies. Analyst Scott Buck cut the price target from $2.50 to $0.50 but kept the rating at “Buy.” FlexShopper had earlier fired the CEO, hired restructuring advisers, and received a notice of default that made roughly $164.5 million plus interest immediately due. » More on de.investing.com