FlexShopper: borrowing base overstated, forbearance expired, SEC probe; going concern risk

FlexShopper, Inc.

Borrowing base calculations materially overstated, causing current deficiency under Waterfall Credit Agreement.
Forbearance period ended Sept 3, 2025; company actively negotiating restructuring with administrative agent.
SEC investigating alleged misrepresentations by former officers/employees; company cooperating fully.
Failure to complete restructuring would materially and negatively impact ability to continue as going concern.
Company still receiving funding advances for certain borrowing requests amid negotiations.

item 8.01

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