FlexShopper, Inc. announces an Equity Buyback for $2 million worth of its shares.
May 22, 2023 at 04:05 pm EDT
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FlexShopper, Inc. (NasdaqCM:FPAY) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of the company's common stock. The share program will have a term of 18 months.
As of April 24, 2023, the company had approximately 21,800,000 shares of common stock outstanding.
FlexShopper, Inc. is a financial technology company that provides payment options to consumers. The Company provides a variety of funding options via lease-purchase solutions and loans. It has several channels, which generate payment options for customers. The Company enables consumers to use its e-commerce marketplace to shop for brand name electronics, home furnishings and other durable goods on a lease-to-own (LTO) basis. It provides an opportunity to obtain ownership of durable products, such as consumer electronics, home appliances, computers (including tablets and wearables), smartphones, tires, jewelry and furniture (including accessories), under affordable payment LTO purchase agreements with no long-term obligation. The Company's primary sales channels include business-to-consumer and business-to- business channels. It offers a range of brands, such as Samsung, Sony and TCL home electronics; Frigidaire, General Electric, Samsung and Whirlpool appliances, and others.
FLEXSHOPPER, INC. 
