FlexShopper, Inc. Announces Receipt of Delisting Notification from Nasdaq
Rhea-AI Summary
FlexShopper (Nasdaq: FPAY) received a Nasdaq delisting notice dated October 14, 2025 and announced the notice on October 17, 2025. Nasdaq initiated delisting because the company failed to file its Form 10-K for year ended Dec 31, 2024 and Form 10-Qs for Mar 31, 2025 and Jun 30, 2025 by the final deadline of October 13, 2025 under Nasdaq Listing Rule 5250(c)(1).
Unless a hearing is requested by October 21, 2025, trading is set to be suspended at the open on October 23, 2025, with subsequent removal following Nasdaq's filing of Form 25-NSE. The company stated it does not intend to request a hearing.
Positive
- Notice publicly disclosed on October 17, 2025
Negative
- Missed filing of 10-K (Dec 31, 2024) and two 10-Qs (Mar 31 & Jun 30, 2025)
- Nasdaq initiated delisting process after final deadline Oct 13, 2025
- Trading suspension scheduled at open on Oct 23, 2025
- Company does not intend to request a hearing, increasing likelihood of removal
News Market Reaction 10 Alerts
On the day this news was published, FPAY gained 9.85%, reflecting a notable positive market reaction. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. The stock closed at $0.37 on that trading session. This price movement added approximately $812K to the company's valuation, bringing the market cap to $9M at that time.
Data tracked by StockTitan Argus on the day of publication.
BOCA RATON, Fla., Oct. 17, 2025 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (the “Company” or “FlexShopper”), today announced that it received a notice on October 14, 2025, from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that it has initiated a process to delist the Company’s common stock from Nasdaq. According to Nasdaq’s notice, the delisting is a result of the Company having not filed its Annual Report on Form 10-K for the period ended December 31, 2024, Quarterly Report on Form 10-Q for the period ended March 31, 2025 and Quarterly Report on Form 10-Q for the period ended June 30, 2025 with the Securities and Exchange Commission by October 13, 2025, the final deadline for filing the delinquent reports pursuant to Nasdaq Listing Rule 5250(c)(1).
Unless the Company requests a hearing to appeal the delisting process by October 21, 2025, trading of the Company’s common stock will be suspended from The Nasdaq Capital Market at the opening of business on October 23, 2025, and will subsequently be removed from listing and registration when Nasdaq files a Form 25-NSE with the SEC. The Company does not intend to request a hearing.
Contact:
FlexShopper, Inc.
Investor Relations
ir@flexshopper.com
FAQ
Why did Nasdaq begin delisting proceedings for FlexShopper (FPAY)?
What is the deadline to request a hearing to appeal the Nasdaq delisting for FPAY?
When will trading of FPAY be suspended on Nasdaq if no hearing is requested?
Will FPAY remain listed on Nasdaq after the October 23, 2025 suspension?
Did FlexShopper say it will appeal the Nasdaq delisting notice (FPAY)?
Who can investors contact for more information about FPAY delisting?
