FlexShopper: Unpacking The Potential Of Rights Offering [Seeking Alpha]
FlexShopper, Inc. (FPAY)
NASDAQ:AMEX Investor Relations:
investors.flexshopper.com
Company Research
Source: Seeking Alpha
1 Comment Kingdom Capital 4.84K Follower s Follow Play 6min Summary FlexShopper is undergoing a capital structure transformation, aiming to repurchase preferred stock at a discount through a complex rights offering to benefit common shareholders. FPAY trades at around 6x EV/EBITDA, with potential upside if it can reduce high-cost debt and improve cash generation. The rights offering could raise $25M-$100M, significantly improving FlexShopper's balance sheet and allowing for better debt terms and lower interest expenses. Risks include poor participation in the rights offering and the volatile consumer sector, but FlexShopper's accelerating EBITDA suggests resilience. Richard Drury An intriguing microcap currently undergoing a capital structure transformation, FlexShopper ( NASDAQ: FPAY ) is the subject of my piece today. The business primarily offers loans to consumers to buy home furnishings, electronics, and appliances, but also has a marketplace they operate
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FPAY
News
- FlexShopper Reminds Right Holders of Early Subscription Process Cutoff Dates [Yahoo! Finance]Yahoo! Finance
- FlexShopper Reminds Right Holders of Early Subscription Process Cutoff DatesGlobeNewswire
- Argus Research Initiates Equity Research Report Coverage on FlexShopper, Inc. (NasdaqCM:FPAY) [Yahoo! Finance]Yahoo! Finance
- Argus Research Initiates Equity Research Report Coverage on FlexShopper, Inc. (NasdaqCM:FPAY)PR Newswire
- FlexShopper Partners with Tire Agent to Expand Tire Shopping Options for Near-Prime Credit Consumers [Yahoo! Finance]Yahoo! Finance
FPAY
Earnings
- 11/14/24 - Miss
FPAY
Sec Filings
- 12/20/24 - Form 8-K
- 12/2/24 - Form 424B3
- 12/2/24 - Form 8-K
- FPAY's page on the SEC website