Every 8-K that FlexShopper, Inc. (FPAY) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FPAY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FPAY filings page.
FlexShopper, Inc. reported that its wholly owned subsidiary Flex Revolution, LLC has entered into a Forbearance and Sixth Amendment to its credit agreement with BP Fundco, LLC. The lender agreed to continue forbearance on enforcing remedies for existing events of default, including failure to deliver financial statements, a collateral coverage shortfall and minimum liquidity issues, through the earlier of October 27, 2025 or certain trigger events.
The amendment extends the draw period to October 27, 2025 and permits Flex Revolution to request revolving loans above normal availability by up to $750,000 as over-advances, subject to specified uses and detailed requests. Basepoint is funding operations through these over-advances and other funds to facilitate an Article 9 UCC collateral sale scheduled for October 24, 2025. After that sale, any remaining obligations under the credit agreement will either be assumed by the buyer or extinguished, and Flex Revolution is expected to cease operations.
FlexShopper, Inc. filed an Form 8-K reporting a material event that the company received a resignation letter dated September 29, 2025. The filing includes customary cover page and regulatory legends about solicitation and pre-commencement communications. The document was signed on October 1, 2025 by Matthew Doheny, who is identified as the company’s Chief Restructuring Officer. The filing text is brief and provides the resignation date and signature block but does not disclose reasons for the resignation, any successor, or transaction-level financial impacts.
FlexShopper, Inc. reported that Nasdaq has notified the company its common stock has failed to meet the $1.00 minimum bid price requirement for 30 consecutive business days, putting its Nasdaq Global Market listing at risk. The stock continues to trade under the symbol FPAY, and FlexShopper has until March 17, 2026 to restore its closing bid price to at least $1.00 for ten consecutive business days to regain compliance.
If it cannot do so, the company may seek a transfer to the Nasdaq Capital Market and a second 180‑day compliance period, but Nasdaq would need to agree that the deficiency can be cured. FlexShopper also remains out of compliance for late SEC filings of its 2024 Form 10‑K and its Form 10‑Qs for the quarters ended March 31 and June 30, 2025, which must be filed by October 13, 2025 to resolve that separate listing issue. The company notes there is no assurance it will meet either requirement.
FlexShopper, Inc. reported that the administrative agent under its existing credit facility has extended the limited forbearance period previously agreed with its subsidiaries FlexShopper 2, LLC and FlexShopper, LLC. The new forbearance period runs through the earlier of September 3, 2025, or the occurrence of any additional event of default under the credit agreement or servicer default under the servicing agreement, other than the specified existing defaults. All other terms of the limited forbearance and reaffirmation remain unchanged and in full force and effect.
FlexShopper, Inc. entered into amendments to its existing financing arrangements to address near-term liquidity needs. Through its wholly owned subsidiary FlexShopper 2, LLC, the company and Powerscourt Investments 50, LP, as administrative agent, amended their Credit Agreement and related Fee Letter on August 18, 2025. The changes permit the administrative agent to provide interim financing to the borrower to fund the company’s immediate working capital requirements. These amendments build on the original March 27, 2024 credit facilities and prior amendments completed in April 2025.
FlexShopper, Inc. filed an 8-K reporting certain credit‑related contract documents and its role arrangements dated March 27, 2024 and an 8-K signature dated August 18, 2025. The company described a Servicing Agreement under which a Guarantor was engaged to service leases and retail loans owned by the Borrower. Two guaranty documents were also disclosed: a Validity Guaranty making the Guarantor potentially liable for certain obligations to the Administrative Agent and Lenders, and a Limited Guaranty that caps the Guarantor’s obligation at 10% of the largest total utilization of commitments under the Credit Agreement.
FlexShopper, Inc. removed H. Russell Heiser Jr. from his roles as Chief Executive Officer and Chief Financial Officer, effective immediately on August 6, 2025. John Davis, already President and Chief Operating Officer, continues to serve as the company’s principal executive officer as previously disclosed.
On August 11, 2025, FlexShopper engaged North Country Capital LLC to provide interim management and restructuring advisory services, including appointing its president, Matthew A. Doheny, as Chief Restructuring Officer. The engagement brings in nearly three decades of restructuring experience as the company undertakes a formal restructuring effort.