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FlexShopper Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q
Globenewswireยท 2025-08-27 20:15
Core Viewpoint - FlexShopper, Inc. has received a deficiency notification from Nasdaq due to its failure to timely file its Quarterly Report for Q2 2025, which may affect its continued listing status [1][2]. Group 1: Compliance and Filing Issues - FlexShopper was previously granted an exception until October 13, 2025, to file its delinquent Form 10-K for 2024 and Form 10-Q for Q1 2025, but now faces additional delinquency for the Q2 2025 Form 10-Q [2]. - The company must submit an updated plan to regain compliance with Nasdaq's filing requirements due to the new delinquency [2][3]. - The delay in filing the Q2 2025 Form 10-Q is attributed to the need for sufficient time to complete accounting and internal control processes [3]. Group 2: Company Overview - FlexShopper, Inc. is a financial technology company that specializes in lease-to-own and lending solutions for underserved consumers in the U.S. [4]. - The company offers flexible payment options through its direct marketplace and partners with various retailers [4].