FlexShopper Files 8-K Under 'Other Events'

TL;DR

FlexShopper filed an 8-K for an 'Other Event' on 9/17 - details TBD.

AI Summary

FlexShopper, Inc. filed an 8-K on September 18, 2025, reporting an event that occurred on September 17, 2025. The filing is categorized under 'Other Events' and does not provide specific details about the nature of the event, dollar amounts, or other parties involved.

Why It Matters

This filing indicates a material event has occurred for FlexShopper, Inc., but the lack of detail requires further investigation to understand its implications.

Risk Assessment

Risk Level: medium — The filing is an 8-K under 'Other Events' which suggests a material development, but the lack of specific information creates uncertainty.

Key Players & Entities

• FlexShopper, Inc. (company) — Registrant
• September 17, 2025 (date) — Date of earliest event reported
• September 18, 2025 (date) — Date of report
• Delaware (jurisdiction) — State of incorporation
• 001-37945 (company_id) — Commission File Number
• 20-5456087 (company_id) — IRS Employer Identification No.
• 901 Yamato Road, Suite 260 (address) — Principal Executive Offices
• Boca Raton, Florida 33431 (address) — Principal Executive Offices
• (855) 353-9289 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share FPAY The Nasdaq Stock Mar

Filing Documents

• ea0257654-8k_flex.htm (8-K) — 26KB
• 0001213900-25-089067.txt ( ) — 188KB
• fpay-20250917.xsd (EX-101.SCH) — 3KB
• fpay-20250917_lab.xml (EX-101.LAB) — 33KB
• fpay-20250917_pre.xml (EX-101.PRE) — 22KB
• ea0257654-8k_flex_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events. On August 18, 2025, FlexShopper 2, LLC and FlexShopper, LLC, subsidiaries of the Company, and Powerscourt Investments 50, LP, an affiliate of Waterfall Asset Management, LLC, as administrative agent (the "Administrative Agent"), entered into a Limited Forbearance and Reaffirmation, dated as of August 16, 2025 (the "Forbearance and Reaffirmation"), as previously reported by the Company in its current report on Form 8-K filed on August 18, 2025 with the SEC. On August 22, 2025, the Administrative Agent extended the Forbearance Period specified in Section 1 of the Forbearance and Reaffirmation to be the period through the earlier of (i) September 3, 2025, and (ii) the occurrence of any additional Event of Default under the Credit Agreement or Servicer Default under the Servicing Agreement other than the Specified Defaults (as each such capitalized term is defined in the Forbearance and Reaffirmation). As a result of the Company's ongoing investigation into alleged misrepresentations, as previously reported in the Company's current report on Form 8-K filed with the SEC on August 5, 2025, the Company has determined that the borrowing base calculations prepared by the Company in connection with obtaining financing under the Credit Agreement, dated as of March 27, 2024, among the Company, FlexShopper 2 LLC, as borrower, Computershare Trust Company, National Association, as paying agent, the Administrative Agent, and the lenders party thereto (as amended, the "Waterfall Credit Agreement") were materially overstated leading to a current borrowing base deficiency. Additionally, the Forbearance and Reaffirmation, which was entered into in response to the alleged misrepresentations, expired on September 3, 2025. The Company continues to receive funding advances under the Waterfall Credit Agreement for certain borrowing requests and is actively negotiating the terms of a restructuring with the Administrative Agent to cure the borrowing base deficien

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FLEXSHOPPER, INC. Date: September 18, 2025 By: /s/ John Davis Name: John Davis Title: President and Chief Operating Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR