FlexShopper Announces Rights Offering for Stockholders

FlexShopper ( (FPAY) ) has issued an update.

FlexShopper, Inc. has announced a rights offering, providing current stockholders the opportunity to purchase up to 35 million units, each comprising common stock and several purchase rights, at a fixed price. This move allows investors to potentially increase their holdings, with an over-subscription privilege for those fully exercising their basic rights, although any unexercised subscription rights will expire, possibly diluting ownership stakes.

See more data about FPAY stock on TipRanks’ Stock Analysis page.