# EDGAR Filing Document

**Accession Number:** 0001397047
**File Stem:** 0001213900-25-089067
**Filing Date:** 2025-9
**Character Count:** 6591
**Document Hash:** 19e50256c6d3ce3afd5c2fc90ca4d5b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-089067.hdr.sgml**: 20250918

**ACCESSION NUMBER**: 0001213900-25-089067

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20250917

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20250918

**DATE AS OF CHANGE**: 20250918

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FlexShopper, Inc.
- **CENTRAL INDEX KEY:** 0001397047
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 205456087
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37945
- **FILM NUMBER:** 251324358

**BUSINESS ADDRESS:**
- **STREET 1:** 901 YAMATO ROAD
- **STREET 2:** SUITE 260
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431
- **BUSINESS PHONE:** (561) 367-1504

**MAIL ADDRESS:**
- **STREET 1:** 901 YAMATO ROAD
- **STREET 2:** SUITE 260
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Anchor Funding Services, Inc.
- **DATE OF NAME CHANGE:** 20070419

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): September 17, 2025

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| |
|:---|
| **FLEXSHOPPER, INC.** |
| (Exact name of registrant as specified in its charter) |

---

<u>Delaware</u> <u>001-37945</u> <u>20-5456087</u> <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

<u>901 Yamato Road, Suite 260 Boca Raton, Florida</u> <u>33431</u> <br> (Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: <u>(855) 353-9289</u>

<u>N/A</u> <br> (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.0001 per share | FPAY | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

**CURRENT REPORT ON FORM 8-K**

**FlexShopper, Inc. (the "Company")**

**September 17, 2025**

 **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 deficiency and to provide financing to fund the Company's operations. The Company cannot predict whether those negotiations with Waterfall will be successful. Failure to negotiate and complete such restructuring would materially and negatively impact the Company's ability to continue as a going concern. The SEC has commenced an investigation concerning the alleged misrepresentations and other allegations of potential fraudulent actions by certain former officers and employees of the Company. The Company is cooperating with the SEC in this matter.

**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.

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| | | | |
|:---|:---|:---|:---|
|  | **FLEXSHOPPER, INC.** | **FLEXSHOPPER, INC.** | **FLEXSHOPPER, INC.** |
| Date: September 18, 2025 | By: | /s/ John Davis | /s/ John Davis |
|  |  | Name: | John Davis |
|  |  | Title: | President and Chief Operating Officer |

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