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Stock impact report

FlexShopper Files Registration Statement for Proposed Rights Offering to its Stockholders [Yahoo! Finance]

FlexShopper, Inc. (FPAY) 
NASDAQ:AMEX Investor Relations: investors.flexshopper.com
Company Research Source: Yahoo! Finance
BOCA RATON, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (the “Company”) announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) for a proposed rights offering in which it plans to distribute to its stockholders non-transferable subscription rights to purchase up to 35,000,000 units. Each unit will consist of one share of common stock (the “Common Shares”) and three short-term rights to purchase additional Common Shares at varying discounted market-based prices. Officers and directors of the Company have given indications they intend to participate in the rights offering. Under the proposed unit rights offering, each future record date stockholder (which has not yet been determined) will receive, at no charge, two unit subscription rights for each Common Share owned on the record date (the “Subscription Rights”). The distribution of rights and commencement of the rights offering wil Show less Read more
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