Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com -- FlexShopper Inc (NASDAQ:FPAY) stock plunged 39.4% in after-hours trading on Friday after the company announced it received a delisting notice from Nasdaq due to failure to file required financial reports.
The Nasdaq Stock Market’s Listing Qualifications Department initiated the delisting process on October 14, citing FlexShopper’s failure to file its 2024 annual report and quarterly reports for the first and second quarters of 2025 by the October 13 deadline.
According to the company’s statement, FlexShopper does not plan to appeal the decision. Unless the company changes course and requests a hearing by October 21, trading of its common stock will be suspended from The Nasdaq Capital Market at market open on October 23, with subsequent removal from listing and registration.
The delisting notice follows FlexShopper’s prolonged non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. The company had reached the final deadline for submitting its delinquent reports but failed to meet this requirement.
FlexShopper, which operates a lease-to-own platform for durable goods, has not publicly disclosed reasons for the delayed financial filings that led to this enforcement action by Nasdaq.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.