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FlexShopper Faces Nasdaq Delisting Due to Unfiled Reports
ByAinvest
Friday, Oct 17, 2025 5:17 pm ET1min read
FlexShopper, Inc. received a delisting notification from Nasdaq due to not filing its Annual Report on Form 10-K for 2024 and two Quarterly Reports on Form 10-Q for 2025 with the SEC by October 13, 2025. Trading of the company's common stock will be suspended on October 23, 2025, and removed from listing and registration after Nasdaq files a Form 25-NSE with the SEC.
FlexShopper, Inc. (NASDAQ: FPAY), a leading provider of lease-to-own (LTO) payment solutions, has received a delisting notification from Nasdaq due to its failure to file its Annual Report on Form 10-K for 2024 and two Quarterly Reports on Form 10-Q for 2025 with the SEC by October 13, 2025. Unless a hearing is requested by October 21, 2025, trading in FlexShopper's common stock is set to be suspended at the open on October 23, 2025, with subsequent removal following Nasdaq's filing of Form 25-NSE with the SEC, according to .The company has been operating under a previous exception granted by Nasdaq until October 13, 2025, to file its delinquent 2024 Form 10-K and Q1 2025 Form 10-Q. FlexShopper attributes the delay to needing additional time to complete accounting and internal control processes. The maximum extension period for compliance is limited to 180 calendar days from the initial delinquent filing's due date .
In early August 2025, FlexShopper received a deficiency notification from Nasdaq for failing to file its Q2 2025 Form 10-Q on time. The company must submit an updated compliance plan to address all delinquent filings . FlexShopper's recent financial performance, however, has been robust, with strong quarterly and annual results reported in 2024. The company's 2024 fourth-quarter and year-end financial results showed a 19.5% increase in annual revenue and a 66% increase in operating income .
FlexShopper's strategic partnership with ICON Vehicle Dynamics to provide LTO financing for premium off-road vehicle upgrades also highlights the company's growth in the consumer finance sector. However, the company must address its regulatory compliance issues to avoid potential delisting .
Investors and stakeholders should closely monitor FlexShopper's progress in filing its delinquent reports and submitting a compliance plan to Nasdaq. The company's ability to regain compliance and maintain its Nasdaq listing will be critical for its continued growth and market presence.
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