FlexShopper Receives Nasdaq Deficiency Notice for Delayed Filing of Q2 2025 10-Q

FlexShopper has received a deficiency notice from Nasdaq due to its delayed filing of the Q2 2025 Form 10-Q. The company was previously granted an extension until October 13, 2025, to file its delayed 2024 Form 10-K and Q1 2025 Form 10-Q. Nasdaq's Listing Rule 5250(c)(1) requires timely filing of quarterly reports.

FlexShopper Inc. (NASDAQ: FPAY), a financial technology company specializing in lease-to-own (LTO) and lending solutions for underserved consumers, has received a deficiency notice from Nasdaq for its delayed filing of the Q2 2025 Form 10-Q. The company previously received an extension until October 13, 2025, to file its delayed 2024 Form 10-K and Q1 2025 Form 10-Q [1].

Nasdaq's Listing Rule 5250(c)(1) requires Nasdaq-listed companies to timely file all required periodic reports with the SEC. FlexShopper's failure to meet this requirement has resulted in a deficiency notice from Nasdaq. The company has been granted a maximum extension period of 180 calendar days from the initial delinquent filing's due date to resolve all delinquent filings [2].

The delay in filing the Q2 2025 Form 10-Q was attributed to the need for additional time to complete customary accounting and internal control processes [3]. FlexShopper has stated that it will continue to work diligently to complete and file the delinquent reports as soon as practicable.

FlexShopper's notification of a third consecutive missed SEC filing represents a significant regulatory compliance concern. The company must now submit an updated compliance plan to Nasdaq, indicating that the situation has escalated beyond routine regulatory matters. The company's explicit statement that it "can provide no assurance as to their timing" further signals that this is not merely a procedural delay but potentially a more substantive issue that could impact investor confidence and the company's public listing status [2].

FlexShopper's continued delays in filing periodic reports may reflect ongoing financial or operational challenges, which could negatively impact investor confidence. The company's commitment to transparency and regulatory adherence is evident in its active efforts to regain compliance with Nasdaq listing requirements [3].

References:

[1] https://seekingalpha.com/news/4489754-flexshopper-receives-nasdaq-deficiency-notice-over-delayed-10-q-filing
[2] https://www.stocktitan.net/news/FPAY/flex-shopper-receives-notification-of-deficiency-from-nasdaq-related-qs034xo6e26d.html
[3] https://www.quiverquant.com/news/FlexShopper%2C+Inc.+Receives+Nasdaq+Deficiency+Notification+for+Late+Quarterly+Report+Filing